If you live in Canada or had the good fortune to see and experience Canada from coast to coast, you have seen a beautiful country, rich in natural resources, plenty of space for people. Add to this millions of talented individuals who had made Canada their home to build a better life for themselves.
That is why it sounds strange when some politicians, pundits, talking media heads and others suddenly panicking when the price of oil is tumbling.
Are we that dependent on oil that everything is going under in Canada if the price of oil drops? Where is our industrial base? The factories that used to produce industrial goods for domestic use and for export?
If Canada can't make money from selling oil, we'll make money in other ways. We still have Nortel ... and Blackberry. After all, Blackberry is still limping along. And Tim Hortons, although foreign owned, is still operating. Sure, it is not the same as a booming steel plant in the Hamilton area of Ontario or a prosperous fishing industry on the East coast of Canada. But life must go on, albeit with some caution. Like intellectual property should not leave Canada just like that.
Canada may be an emerging energy super-power and that is a positive aspect. But no matter how the oil business shapes up in the future, Canadians should remember 7/24 that the oil industry is not remotely the entire Canadian economy. Never was and hopefully never will be.
Perhaps it would be prudent to stop touting Canada's Big Sky country, oil rich Alberta, as the center of the universe and alienating the presently spattering industrial sectors in Eastern Canada in the process. That is not the way to go.
Most importantly, we must remember everyone looks like a genius when times are good. A rising tide lifts all boats.
It's when the tide goes out that you start to think these guys don't have a clue what they are doing.