Like other western nations, Canada is suffering through a period of economic irrationality, rooted in progressive ideology, green fixation and groupthink, rather than data, economic principles and common sense. Recently, the consequences of policies based on delusion and fantasy have come home to roost, demanding a fundamental rethink of cherished shibboleths.
The global energy crisis is the best example. Germany now seems to understand that her policy of Energiewende or “energy transition” from fossil fuels and nuclear power to intermittent and costly renewables has weakened it geopolitically and economically. The U.K. may soon lift its moratorium on shale fracking because of soaring energy prices. U.S. Democrats are waking up to political reality: a likely battering in the Congressional elections, in part for curbing fossil fuel drilling, which has compromised America’s prosperity and national security. As gas prices soar in this country, too, more and more Canadians are finally coming to see that their energy economy has been sacrificed on the green altar of Prime Minister Trudeau’s unreasonable hostility to the development of the third and fourth largest proven oil and gas reserves in the world.
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