A Senior Petroleum Analyst with Gasbuddy.com feels the Federal Government’s purchase of the Trans-Canada Pipeline from Kinder Morgan, was a good move.
Dan McTeague, who served as a Federal Member of Parliament for 18 years, says despite all the protests, the reality is we as Canadians are suffering from the inability to get our resources to market.
He says Canadian Oil is sought after by many countries and to not be able to get that oil to market is hurting us in the long run, weakening the Canadian Dollar and leading to an increased cost of living for all Canadians.
McTeague says we’re paying $77 dollars a barrel for oil here in Eastern Canada and with the loss of Energy East due to protests by environmentalists, it’s hurting us in the long run.
“We wouldn’t tolerate this kind of blockage if it was to sell our lumber, our minerals or for that matter our fish, or whatever the case may be, so we certainly shouldn’t tolerate it for something as important as oil,” McTeague tells Acadia News. “This is absolutely economic insanity being driven by a very small committed group of people who think the sky is falling and quite frankly, I think it’s a very weak argument and it’s hurting Canadians, it’s hurting our bottom line, especially those that are most vulnerable.”
McTeague says like it or not, fossil fuels are the way of the future; they’ve guaranteed our standard of living.
No one needs to “insist”. The project makes eminent sense, for the common good of all Canadians https://t.co/Zpkef4nhpn
— Dan McTeague (@GasBuddyDan) June 5, 2018
Story by Craig Power
@CraigTPower
