The Problem With Socialism, Is The Socialists Hate Capitalism.
One of Canada’s largest integrated energy companies may be on the verge of taking drastic measures in the heart of the country’s oil patch. A source familiar with the matter told Oilpro on the condition of anonymity that Husky Energy may shut down its Alberta cold heavy oil production (CHOPS) within days. The source said that the move will be made “in response to the unresponsive government of Alberta to the oil and gas industry” and low oil prices.
Husky is currently constructing 3 new steam-assisted gravity drainage (SAGD) facilities in Saskatchewan, the source said, “basically across the provincial border from Alberta due to the political regime in Alberta. Alberta is no longer interested in oil and gas development.” The projects are the Rush Lake project and the Edam East and Edam West SAGD projects, located nearby.
Socialists Seem To Forget That Capitalism Keeps Them Afloat