Absolutely, 100%. And the distortions that "rip and ship" makes in the economy aren't worth it when oil prices are high. It makes some people rich but most of us just suffer net effects and I'm not even talking about climate change.
I've lived in Edmonton during oil-boom times, and during not-oil-boom times.. and the corrosive effect of the boom and bust cycle on the Albertan economy, it's not pretty.
And a high per-barrel price in Alberta does nothing good for manufacturing in the rest of the country, dragging our dollar up and making our exports less attractive and the costs of production higher. When the dollar is high also makes my labour as a software engineer more expensive, without much benefit to me.
Ah well, enough ranting, off to go pick up sushi in my electric car and I'm not even joking.
I've lived in Edmonton during oil-boom times, and during not-oil-boom times.. and the corrosive effect of the boom and bust cycle on the Albertan economy, it's not pretty.
And a high per-barrel price in Alberta does nothing good for manufacturing in the rest of the country, dragging our dollar up and making our exports less attractive and the costs of production higher. When the dollar is high also makes my labour as a software engineer more expensive, without much benefit to me.
Ah well, enough ranting, off to go pick up sushi in my electric car and I'm not even joking.