A U.S.-style megadeal is possible in Canada’s oil patch, though the pressures that pushed Exxon Mobil Corp. and Chevron Corp. to pursue large takeovers aren’t as strong north of the border, says Bank of Montreal’s top energy banker.
I think nationalizing the industry (essentially) is a far better state than what we have now but, tbh, I suspect that if we looked at the amount of expected revenue, the amount of damage to extract that revenue, and the GHGs that oil would translate to… we’d probably find the balance lacking for the per capita savings. AFAIK from the environmental studies we’ve seen on previous site cleanup the externalities purely to drilling are pretty atrocious, when we also consider the refining costs, the GHG costs, the occasional disasters like Lac-Mégantic vs. the expected revenue per Canadian I honestly don’t think oil makes much sense.
Going full green and getting the global clout for that while having a clean conscious is a much more appealing possibility.
I think nationalizing the industry (essentially) is a far better state than what we have now but, tbh, I suspect that if we looked at the amount of expected revenue, the amount of damage to extract that revenue, and the GHGs that oil would translate to… we’d probably find the balance lacking for the per capita savings. AFAIK from the environmental studies we’ve seen on previous site cleanup the externalities purely to drilling are pretty atrocious, when we also consider the refining costs, the GHG costs, the occasional disasters like Lac-Mégantic vs. the expected revenue per Canadian I honestly don’t think oil makes much sense.
Going full green and getting the global clout for that while having a clean conscious is a much more appealing possibility.