Two interesting perspectives on energy policy in Alberta appeared today.
The first is authored by Jack Mintz who suggests that game theory should be considered in next steps on the policy front.
Canada should not succumb to U.S. political machinations that undermine our own economic destiny. Having an option to sell our oil to other markets increases our leverage with the U.S. government of the day. Canada as a country with one-10th the United States population has few credible threats in a negotiation. Diversifying markets not only allows us to reap monetary benefits but also improves our negotiating position when needed. It is Game Theory 101.
The second perspective comes from Stephen Ewart at the Calgary Herald who argues listening to short term market signals is the appropriate path forward.
Overall, I lean towards thinking that Jack is on a productive path.