Reader laments province’s dependence on oil
I said it before and I’ll say it again — we are living in a fool’s paradise in this province.
Just imagine the deficit now pinned at $916 million — up $378 million since the last budget was brought down.
How could anyone in their right senses plan a budget on hope? That’s correct, hope. The PC party brought down a budget last year based on the then current oil prices of $105 a barrel. They hoped it would remain that way they said.
Now look at it. Oil has had a rapid fall these days, ringing in below $60 (as of Jan. 2). Each time oil drops by $1 a barrel, it results in an approximate $9-million loss to the province. Where will it all end? Who knows? Foolhardy planning it was All we hear is oil, oil, oil. A good friend of mine who was very aware of the foolish path we were on, once said to me, “Fish is why were here isn’t it?” We threw out the baby with the bath water, didn’t we?
Fool’s paradise? Without a doubt. We are digging our own grave every day we depend on oil. And, as Premier Paul Davis found out last week in Ottawa, Harper and company don’t give a damn about Newfoundland and Labrador.
Here we go again. Same old same old stuff. And if people think Dwight Ball is going to be our savior, think again. He will face the same problems and find the same answers.
It will be a flip of a coin. Heads or tails? Answer — who gives a damn!