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  1. #1
    Normal User
    Join Date
    Sep 2010

    Default 'Oilsands fever' seen as Canada's Dutch Disease

    On the eve of NDP Leader Tom Mulcair's visit to Alberta's oilsands, a new report backs his claim that Canada's economy suffers from a form of Dutch Disease.

    A study released Wednesday by the Pembina Institute says Canada has come down with a unique strain of the phenomenon, dubbed "oilsands fever," that is producing near-term economic benefits that are often overstated.

    The report says these benefits are spread unevenly across the country and could be hiding economic turmoil down the road.

    But another report by a different group says Canada's oil and gas industry is spreading the wealth by using the money earned from booming exports to buy goods and services from the rest of the country.

    The two reports were released simultaneously as Mulcair embarked on his first tour of the oilsands.

    The NDP chief has been lambasted by western premiers and the federal Conservatives for suggesting oil exports raise the value of the Canadian dollar, which in turn hurts the economy in other parts of the country.

    The phenomenon is dubbed the "Dutch Disease," in reference to the manufacturing decline that occurred in the Netherlands after a boom in natural gas exports in the 1970s.

    Changes dubbed 'oilsands fever'
    The Pembina study says the Dutch Disease label may be too simplistic.

    "It seems clear that Canada is undergoing changes, both positive and negative, that are unique to both the nature of its domestic economy and Canada's role in a shifting global economy," the report says.

    "The result appears to be a uniquely Canadian strain of the Dutch Disease that could be called 'oilsands fever' — a strain that is beginning to create clear winners and losers in Canada's economy and could pose a significant risk to Canada's competitiveness in the emerging, clean energy economy."

    The report urges the federal government to create a rainy-day savings fund for oil and gas revenues, get rid of tax breaks for oil and gas companies, convene an expert panel on the oilsands and the economy, study regional competitiveness in an era of a high loonie and work on a national energy strategy.

    A separate report also released Wednesday by the Macdonald-Laurier Institute came to a different conclusion.

    Benefits outweigh negative effects?
    The Macdonald-Laurier study found all provinces will enjoy benefits from oil- and gas-rich western provinces that far outweigh any ill-effects from a higher Canadian dollar.

    "While the so-called 'Dutch Disease' mechanism may operate, in practice it is partially (perhaps more than fully) offset by the gains to the overall Canadian economy documented by these studies," the report says.

    Both reports are meta-studies — reviews of existing analysis or a study of studies. Pembina used information from dozens of sources and Macdonald-Laurier specifically covered three. There was some overlap between the two.

    Both organizations draw on the Canadian Energy Research Institute's 2011 research paper called "Economic Impacts of Staged Oil Sands Projects in Alberta," but interpret it differenlty.

    While Pembina notes CERI's finding that 94 per cent of oilsands benefits go to Alberta, the Macdonald-Laurier study emphasizes the substantial benefit "in absolute terms" for other provinces.

    The two reports came out the day before Mulcair is scheduled to tour Suncor's oilsands project near Fort McMurray.

    Alberta Premier Alison Redford has said she won't meet the NDP leader until he visits the Fort McMurray region to educate himself about the oilsands and Saskatchewan Premier Brad Wall has also weighed in with harsh words.

    Before departing on his western tour, Mulcair insisted he's not against development, he's only advocating sustainable development. And he stressed that applies not just to the oilsands but to natural resource projects all across the country.

    Dan Woynillowicz, the Pembina Institute's director of strategy and communications, said Muclair's musings about Dutch Disease have brought attention to the issue — and raised a lot of rhetoric.

    "It's been productive insofar as its raised this issue to a level of both political and public prominence that is necessary," Woynillowicz said at an Ottawa press conference Wednesday.

    "[But] it has triggered, I think, a divisive debate that's premised more upon rhetoric on both sides as opposed to really digging into some of the details of what's happening and what can be done."
    Just thought I'd share. The raise of the canadian dollar (with the US) is basically shooting in the legs a lot of the industries of Québec,the eastern provinces and probably Ontario.

    income distribution of sands on provincial GDP
    Servers will go down at 3AM GMT and stay down for 5 hours. We confirmed that the new controllers cleared customs and are in the data center.
    Sorry we mistook the EU and the NA server.

  2. #2
    Normal User
    Join Date
    May 2012


    ,air jordan
    yesterday, the west side of the Zuo town strange village, surrounded by a circle enclosing walls,nike tn, the walls of the arable land, are messy corn, sorghum stalks. Four bulldozers parked in the land west side of the wound with sorghum lever blade.

    yesterday, Fengtai District Zuo town strange village reflects the village planted 300 acres of corn sorghum, the number of night bulldozed, used to build a house, the villagers set up conservation village team structures
    Zuo town government said the new rural construction planning in the town, Wei Village, adjacent to the strange village required to build the villagers demolition upstairs quarters, strange village bulldozed land equivalent replacement land and Wei Village, the decision As early as three years ago by strange villagers Congress. However,nike requin tn, many villagers said,

    the staff said, July 29, Fengtai Branch of Land and Resources Bureau has Zuo town government sent a letter to Wang Zuo town government to assist the suspension of the construction of the land in dispute,jordan pas cher, bulldozers come down to earth to push crops, we have no mandatory enforcement powers, only results of the investigation.

    land departments to halt the land in dispute construction
    start this collective land farming, the villagers came to his work, the village committee to wages, and time to the villagers dividends.
    In yesterday
    Liu said about 20 days ago, the land around the walls shovel to open the gap of nearly 30 acres of corn a night were razed. This is only the beginning,hogan sito ufficiale, the strange village of nearly a hundred villagers confirmed that the July 24,nike air max, the big rainy night, from that day on, crops and pushed the speed to accelerate,hogan, so far, head south part of the 300 acres of crops remaining retained.
    Wei Village, the village committee Lin, secretary confirmed that the land side of the fence, Wei Village got to build the district's engineering team, send someone to build, to push them. Construction involved in the instructions Zuo town government said Zuo town planning, strange village bulldozed land to build the villagers Wei Coal demolition upstairs residential construction formalities to get city approval, the land involved in a number of construction projects, the city approved a change the nature of the land for the first phase of planning, the rest of the batch not finished.

    , Fengtai Branch of Beijing Municipal Bureau of Land and Resources law enforcement team staff member surnamed Wang said July 26 the council petition sector then the villagers reported that the Bureau of Law Enforcement Team, Dong captain led the field to read the case,

    Yesterday, the basic farmland protection area boundary marker
    was shovel, the villagers used to come to the ground guardian can protect live, always early in the morning, found that crops with little a. At noon yesterday, the villagers to catch the observation deck, the beginning of day and night care. Engineering teams push the crops of the
    neighboring village
    first built the wall,franklin marshall, shovel farmland
    yesterday, strange villages, director of Liu Jianjun,burberry, said bulldozed block was the replacement of the 2008 and adjacent to Wei Village, the land now does not belong to a strange village, the displacement resolution was adopted by the villagers Congress.

    yesterday,burberry soldes, several bulldozers parked in the Fengtai District strange village farmland. Strange village 300 acres of farmland, the recent continuous forklift leveled.





  3. #3
    3000+ Long term follower
    Join Date
    Aug 2003


    So prefer to keep the currency low, which is negative for consumers, to subsidize BAD manufacturers who need to crutch on low currency to be competitive? Only a retard would see this as great policy for a 1st world nation, even fucking China is moving away from devalued currency that favours manufacturers over consumers, but in Canada our opposition party is stuck in some sort of timewarp of bad 1970s economic policy.

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