“We are in uncharted territory”: Jason Kenney on oil price plunge

Premier Jason Kenney comments on the oil prices falling more than 30 per cent amid the Russia-Saudi Arabia price war and COVID-19 fears.

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35 comments

    1. @WOLF 226 it’s 100% about the crash! Alberta has been told for decades that OIL is coming to an end, but you didnt’ wanna listen, the NDP tried to diversify and you guys didn’t give him a chance, you guys could have avoidded this but you decided not to. This has nothing to do with ottawa, and 100% to do with The conservatives in alberta.

    2. Oh yeah, because if there’s anything a petrol-province needs during an oversupply of petrol, it’s to be separated from the broader knowledge, finance, and tech-based economy. I often hope you get your Wexit and suffer the poverty you invite.

    1. Who knew that putting all of their eggs into a single volatile industry was going to have disastrous consequences for them?

    1. What “budget” are you hallucinating about?

      “We oppose all forms of colonial domination” Singapore 1971.

      Signed by and committed to by, amongst others, the colonial power itself.
      Kenney I’m sure can provide “Albertans'” a link.

    1. The problem is that nobody believes that it exists.
      But free energy devices have been in existence for decades.

  1. They already got their bailout and the whole world already heard their threats of chaos. The result was the obliteration of Lybia, Syria and Yemen(ongoing). Let them eat oil.

  2. The Norwegian Sovereign Wealth Fund (from North Sea Oil revenues) earned 110 BILLION this year. This could have been Alberta’s outcome!

    1. Alberta could have had $850 billion that went from Ab and into equalization .Does Norway send trillion$ to Denmark.Does the Common Market do all it can to ruin the Norwegian economy?

  3. “We’ve gotten through bigger challenges in the past.” Yeah, like P.E.T. in 1980-83…. But it took a long time!

  4. It’s all Justin’s fault! Even the pipelines he pushed threw that the conservatives didn’t is Justin’s fault!

    1. Oh yeah, because if there’s anything a petrol-province needs during an oversupply of petrol, it’s to be separated from the broader knowledge, finance, and tech-based economy. I often hope you get your Wexit and suffer the poverty you invite.

  5. Time to maybe think about shifting your economy to something a little less volatile as oil and natural energy?

  6. Perhaps none of this would’ve happened had Albertans just moved diversified instead of doubling down on a dying oil industry. But what the hell do they know about long-term consequences?

  7. Kenny mentioned stock buybacks. How is that going to help a business when the markets are tanking? How do stock buybacks help the economy?

  8. you where told that this was going to happen and you didn’t listen, so keep blaming everyone else, you screwed up Kenney and remember you don’t have any money.

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