We keep losing sectors and the govt will not allow in any news to be opened, especially the oil sands sector and nuclear energy. Our company just picked up a 500 million dollar expansion project. The project consists of the construction of a new 83,000-barrels-per-day facility that uses the steam-assisted gravity drainage (SAGD) process. SAGD is a commonly used method to recover oil in the oil sands region. The project is located 63 kilometers southeast of Fort McMurray, Alberta.
We have the same here but are not allowed to touch it
All good points.....but the US is no longer competitive in industries like oil production, agriculture, manufacturing, and all the other industries that fueled prosperity between 1950-1985 or so. The only reason Americans will ever buy energy that is expensive to extract...is when Venezuelan, Mexican, Nigerian, and Arabian penninsula oil is more expensive, and that won't happen because it'll run out for them first.
I guess my point is that we need to make SIGNIFICANT cuts to social security, medicare, and defense. Then the private business sector needs to sober up, and recognize the terrain it faces.
Cutting goverment worker benefits, and allowing energy companies to produce without restrictions from the EPA or Obama admin, and kicking people off welfare, and cutting government funding to NPR, and electing a Republican in 2012, and lowering taxes even more.......................is not enough to get us back to 1950-2000 prosperity levels.
The Obama policies, right or wrong, have neither created, nor perpetuated, our current economic crisis in significant enough ways to affix any significant blame for it...in Obama's lap. That notion is pure GOP electioneering.