Opinion: When it comes to balancing economic growth with reducing carbon emissions, the stars are oddly bright deep in the heart of Texas
…and natural gas, Northern Gateway. View this and more in our encyclopedia of the oil crash
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Natural gas toted as fuel of the future
Ex-Colleague Coyne has an excellent column on the emerging political split between the resource-extracting parts of the country and the sentimental nationalists who think every drop of bitumen and chip of timber sent abroad makes baby Jesus cry. I noticed one snippet, though, which goes to show how even the most trend-aware and detail-oriented columnist (that’s what he is!) can be held prisoner by persistent images of the past:
Whatever its merits or demerits as policy, [the mix of economic nationalism and environmentalism found among the NDP leadership candidates] amounts to ceding the resource-producing areas of the country to the Conservatives. Once, that might have been thought to mean Alberta. Today it means most of the West—the richest, fastest-growing parts of the country. Increasingly, it will mean Newfoundland and Nova Scotia, too.
Will mean? Newfoundland’s economy is probably already more resource-dependent, and particularly oil-dependent, than Alberta’s economy has been at any point in its history. For fiscal 2011-12, non-renewable resources provided 27% of the Alberta government’s own-source revenues. In Newfoundland the corresponding figure is 46%. Here’s how the shares of total industrial GDP earned by mining, oil, and gas stack up over the last ten years in the two provinces:
Korea Gas Corp. largest importer of LNG worldwide
The NPRA was thought to contain 10.6 billion barrels
“Arcand and Charest have taken the necessary steps to commence a process of exploration in shale gas”
Shale gas could one day replace coal in power plants and gasoline and diesel for cars and trucks
Ted Morton uses the budget to take care of electorally armed-and-dangerous departments: seniors, health, and education