Prime Minister Justin Trudeau has since changed his position to call the carbon tax a tax but when he first advanced this concept, it was carbon pricing and supposed to raise the price of fossil fuel energy so we’d use less.
So let’s see what has happened since. Western Canadian oil is now $14 a barrel. In the rest of the world, it’s closer to $60 or $70. So much for the carbon tax raising the price of fossil fuel energy.
Justinomics creates the exact opposite effect. It is not really about raising the price of oil. Instead, it’s actually about killing the entire oil industry. And he’s doing a masterful job.
By nixing pipelines, he has choked off western Canada’s access to market and driven down the price of oil for our producers. And the rest of the world continues along its merry way while Canada’s economy shrinks leaving the Trust Fund babies of Morneau and Trudeau with a smaller economy to tax.
Perhaps the best test of a government’s stewardship is the world view of our currency. We’ve been depreciated down about 10 per cent with his hand on the tiller.