The title says it all.
https://www.cbc.ca/news/business/bitumen-wcs-wti-oil-1.5511386
Some people are happy that the price of gas is so low, but if the price of oil doesn't rise, we will all pay for this many times over in other ways.
Loved reading this article. Great comparisons.
The entire 'Human Eco System' has been drastically altered by a smaller than microscopic change in the structure of an infinitesimally tiny virus. Big surprises come in small packages. Astonishing and wonderful, if only it wasn't killing us. :)
I doubt anyone fully understands the integrated nature of the economy in today's world, just as we don't understand fully the natural ecological system, or what's left of it. Repairs are difficult when we have no blueprint or solid comprehension.
The writing has been on the wall for awhile in Alberta, and diversification should have been encouraged for decades. But this is going to be painful for both Alberta and Canada. Ah well. My mother always said, "It will all come out in the wash."