Despite the global recovery in energy prices, Canadian oil prices dropped to US$27.
The so-called “Global Adjustment” covers everything other than the cost of actually generating electricity.
Ontario electricity prices are significantly higher than they are in neighbouring Quebec.
Wind, solar and biomass policies have resulted in high additional costs for consumers.
Over the past decade, the province of Alberta treated boom-time resource revenues like a permanent state of affairs. That set the province up for fiscal failure, for multiple lost opportunities.
Discussions surrounding the need for new pipelines to transport Canada's oil to market have been a dominant economic, environmental, and political issue for the past several years. Canada's overwhelming reliance on the United States as a customer, the U.S.'s growing energy self-sufficiency, and limited pipeline infrastructure have placed a low ceiling on the prices Canadians are able to secure for our energy exports.