http://www.progressive-economics.ca/2012/10/25/exchange-rates-the-price-of-oil-and-the-enbridge-northern-gateway-project-joint-review-panel/
Exchange Rates, the Price of Oil and the Enbridge Northern Gateway Project Joint Review Panel
Paul Tulloch
There is a large red hot poker of economic irony, stabbing away at the final remaining arguments the Enbridge Northern Gateway Project Joint Review Panel provide in support of the project. What’s ironic is just as this pipeline would take Canada further down the tunnel of resource dependency, the review panel’s analysis of the net benefits of this project are based on a calculation of exchange rate that completely ignores our increasingly turbocharged petro-currency.
