As an Albertan and a sympathizer of Alberta’s oil patch, I am scared about President Barack Obama’s plans for a carbon tax. Right now, literally 100% of Canadian oil exports go to the U.S. Why not build a pipe to the West coast to hedge our bets? Contrary to mythology, it’s Japan, not China, that is the second largest importer of oil in the world after the U.S. And India and Korea are big importers, too — and they buy from the nastiest places, like Iran and Saudi Arabia. Why not from us instead?
PS: Ezra’s forthcoming book is called Ethical Oil. Watch for it this summer.