- November 17, 2011 - 19:38
An assessment of the "future of the province" is a remarkably simple propostion....when oil is finished, it's over. There is nothing the government has done with any of the money to date to think that we will have anytihng but skateboard parks, statues, and well-pensioned politicians to show for it all. So yes, Sher-Locke, in that the Hebron develpment would defer the end date of offshore oil production, and therefore the end of Newfoundland, it is crucial. MUN research....world class.
- William Daniels
- November 07, 2011 - 14:40
From what I hear there are more americans working in Bull Arm than canadians. So much for NL benefits.
- newsey batch
- November 02, 2011 - 13:17
Well "The Economist" hopefully other resource findings, some minimal savings from existing oil resources and revenues from the Lower Churchill (both falls) will help offset the shortfall for 4 or 5 years, until 2041 when the province will begin making about 1 Billion a year from the Upper Churchilll after it comes home again.
- The Economist
- November 02, 2011 - 19:44
Newsey the point is, it is no good if you have the power, but no product to sell. By 2041 who knows how power will be generated. They are talking about nano technology which may make hydro power obsolete and worthless because it is not where the users are and to ship it even over existing lines may be to expensive to be compete.
- fred penner
- November 06, 2011 - 15:44
"Who knows how power will be generated"! FYI...the priciples of electromagnetism are not going to change pre or post 2041.
- November 02, 2011 - 11:16
Um - Economist - the "smart ones" going to Toronto now are jumping ship a little early.
- The Economist
- November 02, 2011 - 08:05
So by 2037 we will have no oil and no fishery(probably). So what then? What are the people going to do? Head off to Toronto like the smart ones now.