Wade Locke suggested this past fall that Newfoundland and Labrador loses between $20 to $25 million in revenue for every dollar that oil falls below the $105/barrel that the provincial government used as an estimate. At current prices, that means we lose approximately $875 MILLION dollars. I really want a new hospital in Corner Brook, and a big green energy hydro project at Muskrat Falls sounds great, but how can we possible afford this? Where’s the leadership to address these glaring issues? Someone please step up to the plate.
I know this article is only 2 months old, but we’re headed for big trouble – Read more on what Mr. Locke had to say.