Alberta
The Votes Tell the Story
The Votes Tell the Story
On this amazing day for hockey fans, especially in Alberta, it’s a personal joy to realize two men I have known and appreciated for decades are now members of the Hockey Hall of Fame.
As much satisfaction as supporters are sure to feel for Jarome Iginla and his selection in his first year of HHOF eligibility, the same level of pleasure is sure to be shared by Kevin Lowe, who has waited many years for his combination of steadiness, competitive fire and team intelligence to be recognized at the highest possible of the game both he and Iginla have loved since childhood.
It’s a bonus for Edmontonians, and for all in sports, that Ken Holland was welcomed as a builder. He deserves the accolade as much as anyone can and the fact that he achieved most of his front-office success before he was hired as the Edmonton Oilers general manager before the start of last season. It’s still a shock to recall how many dedicated Oilers lovers objected in words and in print to the thought that he would be hired after being escorted away from Joe Louis Arena in Detroit.
You want another shock? Iginla came much closer to being potentially a career Oiler than media wretches were allowed to know.
He was drafted 11th overall in 1995. Steve Kelly became a mistaken sixth-overall choice in the same year. He was picked as Number 6 — one spot ahead of Shane Doan despite loud demands for the Oilers to go for Doan with their first pick of the graduate draft.
Barry Fraser, Edmonton’s head scout, told me before the draft that Iginla “is going to be a good pick for somebody.” He also Iginla as a potential first-rounder, a clear sign that he would become part of the mid-90s Oilers if rival selections made it possible.
Doan, like Lowe, was a productive but not brilliant offensive player. If his character and leadership are taken into account in a future year, he will also become a more promising candidate for Hall of Fame membership.
Dealing with Lowe during the Oilers’ Stanley Cup run was always a pleasure. When he sensed a criticism, and if he missed some of the credit headed his team’s way, he was likely to be edgy. It was impossible to do a pre-game Sportstalk segment and still find time for a moment to talk. Then I learned that he sharpened his skates very early on game night. That meant he would be available for brief conversation.
Somehow, it evolved that we would speak before the first home game of every series. I still remember the intensity of his preparation.
Iginla’s brilliant junior record and his lifelong connection with Edmonton and St. Albert made it obvious that we would meet during the 1995 junior draft countdown. He and several other top prospects were made available for live appearances for about week.
Iginla was not a logical choice to talk: he did not blow his own horn. Others seemed more interested than he was at the thought of speaking for 30 minutes on radio. After about three days, someone asked about giving Jarome some time on the microphone. Said I: “It doesn’t look like he’s interested” but his supporter suggested that I approach the quiet young man. He agreed to join the chow and was a sensational guest, showing a confident streak that was well-balanced with modesty.
One question was a natural for presentation to any young athlete: “Do you think the NHL will be a good fit for you?” His answer, as I learned gradually over time, was typical for him.
“I know I’ve got a lot to learn,” he said. “I have to improve my skating quite a bit. If I do that, I can probably do all right.”
As they say: Now we know the rest of the story.
From the Fraser Institute
By any measure, Alberta is an energy powerhouse—within Canada, but also on a global scale. In 2023, it produced 85 per cent of Canada’s oil and three-fifths of the country’s natural gas. Most of Canada’s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. And energy, in turn, accounts for one-quarter of Canada’s international exports.
Consider some key facts about the province’s energy landscape, as noted in the Alberta Energy Regulator’s (AER) 2023 annual report. Oil and natural gas production continued to rise (on a volume basis) in 2023, on the heels of steady increases over the preceding half decade. However, the dollar value of Alberta’s oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russia’s invasion of Ukraine retreated. Capital spending in the province’s energy sector reached $30 billion in 2023, making it the leading driver of private-sector investment. And completion of the Trans Mountain pipeline expansion project has opened new offshore export avenues for Canada’s oil industry and should boost Alberta’s energy production and exports going forward.
In a world striving to address climate change, Alberta’s hydrocarbon-heavy energy sector faces challenges. At some point, the world may start to consume less oil and, later, less natural gas (in absolute terms). But such “peak” consumption hasn’t arrived yet, nor does it appear imminent. While the demand for certain refined petroleum products is trending down in some advanced economies, particularly in Europe, we should take a broader global perspective when assessing energy demand and supply trends.
Looking at the worldwide picture, Goldman Sachs’ 2024 global energy forecast predicts that “oil usage will increase through 2034” thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principal feedstock. Global demand for natural gas (including LNG) will also continue to increase, particularly since natural gas is the least carbon-intensive fossil fuel and more of it is being traded in the form of liquefied natural gas (LNG).
Against this backdrop, there are reasons to be optimistic about the prospects for Alberta’s energy sector, particularly if the federal government dials back some of the economically destructive energy and climate policies adopted by the last government. According to the AER’s “base case” forecast, overall energy output will expand over the next 10 years. Oilsands output is projected to grow modestly; natural gas production will also rise, in part due to greater demand for Alberta’s upstream gas from LNG operators in British Columbia.
The AER’s forecast also points to a positive trajectory for capital spending across the province’s energy sector. The agency sees annual investment rising from almost $30 billion to $40 billion by 2033. Most of this takes place in the oil and gas industry, but “emerging” energy resources and projects aimed at climate mitigation are expected to represent a bigger slice of energy-related capital spending going forward.
Like many other oil and gas producing jurisdictions, Alberta must navigate the bumpy journey to a lower-carbon future. But the world is set to remain dependent on fossil fuels for decades to come. This suggests the energy sector will continue to underpin not only the Alberta economy but also Canada’s export portfolio for the foreseeable future.
Jock Finlayson
Senior Fellow, Fraser Institute
Undoubtedly some of the motorists driving past The Whistle Stop Cafe at Mirror on Tuesday morning thought it was an April Fools prank. It wasn’t.
Chris Scott, owner of the gas station at The Whistle Stop Cafe offered a one day promotion on April 1st. Scott sold 8000 litres of regular gasoline for $0.80/ litre.
The promotion was funded by Scott and the Alberta Prosperity Project. In this video posted to his social media, Chris Scott explains why they did it.
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