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Canada’s Oil: Too Good to Sell, Too Bad to Keep

Abhijeet Sen by Abhijeet Sen
April 7, 2023
in Canada
Reading Time: 3 mins read
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Canada’s Oil: Too Good to Sell, Too Bad to Keep
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Canada has long been known for its abundant natural resources, and its oil is no exception. In fact, Canada has some of the best oil in the world. However, their Prime Minister has made the decision to not sell it. While this decision may be commendable from an environmental standpoint, it’s a missed opportunity for Canada to generate billions of dollars to invest in healthcare, education, and infrastructure.

The world runs on oil, and it’s a commodity that is in high demand. By not selling its oil, Canada is essentially leaving money on the table. The revenue generated from oil sales could have a huge impact on the Canadian economy, creating jobs and improving the lives of citizens across the country.

Some may argue that selling oil goes against Canada’s commitment to the environment, but it’s important to note that if Canada doesn’t sell their oil, someone else will. It’s not a question of if oil will be used, but rather who will supply it. By selling their oil, Canada could ensure that it’s being used responsibly and in a way that aligns with their environmental goals.

Furthermore, by selling their oil, Canada could also have a say in the global oil market. They could work to regulate the supply and demand of oil, which would have a positive impact on the environment. If Canada were to become a major player in the oil market, they could ensure that the oil is being used in the most efficient and sustainable way possible.

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It’s also worth noting that investing some of the revenue from oil sales into renewable energy would show Canada’s commitment to the environment. By using the money generated from oil to invest in clean energy solutions, Canada could continue to reduce their reliance on fossil fuels and work towards a more sustainable future.

While it’s understandable that the Prime Minister wants to protect the environment, it’s important to consider the economic benefits of selling oil. Canada could use the revenue generated from oil sales to invest in education, healthcare, and infrastructure. They could also ensure that the oil is being used responsibly and in a way that aligns with their environmental goals. By selling their oil, Canada could become a major player in the global oil market and have a say in how it’s being used.

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Why Canada no longer reaps the full benefits of high oil prices - BNN Bloomberg
Source- BNN Bloomberg

In conclusion, Canada’s decision to not sell their top-quality oil is a missed opportunity for both Canada and the world. While it’s important to protect the environment, selling oil can also have significant economic benefits. By using the revenue generated from oil sales to invest in renewable energy solutions and other important areas, Canada could work towards a more sustainable future while also benefiting their citizens.

It’s also worth noting that investing some of the revenue from oil sales into renewable energy would show Canada’s commitment to the environment. By using the money generated from oil to invest in clean energy solutions, Canada could continue to reduce their reliance on fossil fuels and work towards a more sustainable future.

While it’s understandable that the Prime Minister wants to protect the environment, it’s important to consider the economic benefits of selling oil. Canada could use the revenue generated from oil sales to invest in education, healthcare, and infrastructure. They could also ensure that the oil is being used responsibly and in a way that aligns with their environmental goals. By selling their oil, Canada could become a major player in the global oil market and have a say in how it’s being used.

In conclusion, Canada’s decision to not sell their top-quality oil is a missed opportunity for both Canada and the world. While it’s important to protect the environment, selling oil can also have significant economic benefits. By using the revenue generated from oil sales to invest in renewable energy solutions and other important areas, Canada could work towards a more sustainable future while also benefiting their citizens.

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