May. 12th, 2014

In the article "Tarmageddon" author Andrew Nikiforuk states that the oil sands is like "economic engine" and a "Dutch disease" for Canada's economy which can be perceived as ultimately true. This is manly because you imagine a engine moving you forward but a disease is what holds you back so in a way that is what the oil sands are doing to Canada's economy, they provide a huge source of revenue by selling the oil on the world market at high prices with high margins but by doing so drowns out the other markets like what happened in the Netherlands as mentioned in the text book, more and more resources going and developing the oil sands and less going to other industries.

Discussion Question: Which is the better outcome, being a rich country because of and environmentally damaging industry or to be a poorer country and not have as big of an environmental damage?

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nl1234

June 2014

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