I don’t understand this at all. As far as I can make out, this is Jeff Rubin’s argument:
I don’t understand this at all. As far as I can make out, this is Jeff Rubin‘s argument:
From this, Rubin concludes that the path to prosperity is for Canadians to get in on the business of refining WTI-priced oil – namely, the oil produced in Canada.
This makes no sense to me:
Diverting capital and labour away from a lucrative industry towards a marginal one isn’t creating “value-added.” It’s creating value subtraction.