Alberta
Was the quick evolution of Draisaitl from prospect to standout THE biggest on-ice element in this positive building project?
It was a little more than three years ago when Wayne Gretzky predicted the Edmonton Oilers were on their way to big improvement in the National Hockey League.
And he did it in one simple sentence: “We’ll be a really good team when the big guy decides he wants to run his own line.”
Now it’s obvious that “the big guy” was, and is, Leon Draisaitl. Gretzky’s words came as a team-wide selection of alleged experts insisted the Oilers would reach their peak if then-coach Todd McLellan would leave Draisaitl and the remarkable Connor McDavid as allies on the same forward line long enough to allow some solid second- and third-line players to become consistently valuable.
The operative words in Gretzky’s sentence — “decides to” — became memorable only after Draisaitl matured enough to recognize his own potential. The specific turning point from bright prospect to budding superstar Is impossible to define precisely, but it certainly happened last season.
Until then, the German youngster remained only an intriguing prospect. He operated comfortably, and often effectively, with McDavid doing most of the work, getting almost all the attention and still scoring points at a ridiculous level
To state the obvious once again, Draisaitl’s status as scoring champion and likely winner of the Hart Trophy as the NHL’s most valuable player has erased any fear that he might fall short of the potential that showed in his junior career.
Now, he faces another step: showing his dominance — on his own line much of the time and in partnership with McDavid on Edmonton’s ominous power play. The Chicago Blackhawks are certain to see brilliance from their offensive co-leaders through at least three first-round playoff games, and perhaps as many as five games.
Since almost the moment, months ago,when commissioner Gary Bettman’s dream of completing a Stanley Cup playoff was first circulated, respect has grown for the Oilers as potential champions — this year, not next year.
Coach Dave Tippett and general manager Ken Holland have been extremely strategic in their public utterances: “sure we’re good, but we’re still growing,” is a shared outlook. Holland, in particular, has been cautious. His years of success as the operational head of the Detroit Red Wings showed him that depth and experience are essential to reach the top of any competitive ladder.
The season-long improvement of defender Ethan Bear and winger Kailer Yamamoto has done much to improve team depth, back and front. Evan Bouchard, Phil Broberg and Caleb Jones are all nearing regular play on a big-league blueline crew. Tyler Benson, Ryan McLeod, Ostap Safin show similar signs up front.
These future additions make it obvious the Oilers have potential as serious candidates, both short- and long-term.
Was the quick evolution of Draisaitl from prospect to standout THE biggest on-ice element in this positive building project? It’s hard to argue otherwise.
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Premier Danielle Smith issued the following statement on the April 2, 2025 U.S. tariff announcement:
“Today was an important win for Canada and Alberta, as it appears the United States has decided to uphold the majority of the free trade agreement (CUSMA) between our two nations. It also appears this will continue to be the case until after the Canadian federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. administration.
“This is precisely what I have been advocating for from the U.S. administration for months.
“It means that the majority of goods sold into the United States from Canada will have no tariffs applied to them, including zero per cent tariffs on energy, minerals, agricultural products, uranium, seafood, potash and host of other Canadian goods.
“There is still work to be done, of course. Unfortunately, tariffs previously announced by the United States on Canadian automobiles, steel and aluminum have not been removed. The efforts of premiers and the federal government should therefore shift towards removing or significantly reducing these remaining tariffs as we go forward and ensuring affected workers across Canada are generously supported until the situation is resolved.
“I again call on all involved in our national advocacy efforts to focus on diplomacy and persuasion while avoiding unnecessary escalation. Clearly, this strategy has been the most effective to this point.
“As it appears the worst of this tariff dispute is behind us (though there is still work to be done), it is my sincere hope that we, as Canadians, can abandon the disastrous policies that have made Canada vulnerable to and overly dependent on the United States, fast-track national resource corridors, get out of the way of provincial resource development and turn our country into an independent economic juggernaut and energy superpower.”
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
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