Friday, August 26, 2022

Experts plot fresh strategy to bankrupt Newfoundland for good

When the Come-by-Chance oil refinerey was built in the early 1970's, a lot of common-sense sort of folks, like Newfoundlanders tend to be, looked askance at the idea of contributing public money into the project. Unfortunately, the developers produced plenty of well-credentialed experts who argued otherwise, and the experts prevailed. The refinerey went bankrupt within three years. It has since seen several resurrections under various investors, venture capitalists, and carpet-baggers, all with their teams of well-credentialed experts, all promising to make a go of it with just a little more public money. The most recent bankruptcy was just last year. The 1980's brought Premier Brian Peckford's plan to turn Newfoundland into a cucumber powerhouse. Hydroponic cucumbers would put Newfoundland on the map. Again, the common-sense folks were skeptical, but the experts prevailed. The tax-payer funded scheme collapsed into bankruptcy after one growing season. Their cukes cost $27.50 apiece to grow, when the market price was fifty cents. Who could have seen that coming? In the '90's the cod fishery collapsed, having been mismanaged into oblivion over decades by the experts at the Department of Fisheries and Oceans. From cucumber super-power to hydro-electric super-power, a fresh crop of well-credentialed experts convinced the province to get behind the Muskrat Falls project. Billions in cost over-runs later, Muskrat Falls now produces the most expensive electricity in Canada, subsidized by the Federal government to the tune of billions just so N.L. can afford their electrical bills. Fast foward to 2022, and some well-credentialed experts have come up with a sure-fire winner. All N.L. has to do is sprinkle a few hundred giant windmills across the western Newfoundland landscape, use the electricity to produce hydrogen fuel, which will solve Germany's energy crisis and defeat Putin! The experts claim shipments will commence in 2025. Looks like the long-suffering Newfoundlanders are about to take it up the arse again!

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