The 7.4% decline in crude oil & bitumen exports is a sign that carbon taxes & regulations are taking a serious toll.
There’s an old saying about not biting the hand that feeds you.
Like many sayings that have survived throughout the years, it contains simple and profound wisdom.
And yet, that wisdom is being completely ignored by many of Canada’s “leaders.”
Justin Trudeau and Rachel Notley have both been big supporters of carbon taxes and increased regulatory burdens on the Canadian energy industry – an industry that is integral to the success of our nation. They played a manipulative political game, trying to pretend that their policies were actually about “helping” the energy industry get their product to market.
Of course, we know the truth.
We know that Justin Trudeau wants to see the oil sands come to an end. We know that Rachel Notley leads a party that has abandoned their support of working-class people in the energy industry, and instead pushes globalist “climate” policies that kill jobs and strangle growth.
So, under the Trudeau and Notley regimes, it’s no surprise that Canadian oil exports are in big trouble.
Exports of Canadian crude oil and bitumen have dropped for four straight months. The latest recorded drop of 7.4% in June was so out of the ordinary that Statistics Canada made a point of explaining that those exports usually increase in June.
These declining exports not only mean we are losing out on jobs here in Canada, but it means our competitors are getting stronger relative to our position. This also contributed to our growing trade deficit, which reached $3.6 billion in June.
This is where the wisdom of not biting the hand that feeds you comes into play.
Not only are oil exports an integral part of our economy, oil is also a foundational resource for our nation. No economy can function without oil, and producing our own is far preferable to importing. That means the weaker our exports become, the more we are reliant on foreign powers, and the more vulnerable Canada becomes.
It’s obvious that carbon taxes and increased bureaucratic burdens are damaging the Canadian energy industry, and Justin Trudeau and Rachel Notley are absolutely guilty of damaging an essential Canadian industry.
The consequences of that damage are serious, and impact all of us.
A weak energy sector means less money for roads and infrastructure, less money for tax reductions, less money for social programs, less money for national defence, and it means our country will be weaker overall.
That’s the path people like Trudeau and Notley are taking us down, and that’s why they must be defeated.
The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.
That’s why I write.
Building this website takes a lot of work, but it’s worth it, and there are two ways you can help:
2 – You can share this article