Obama’s sneer at tar sands jobs is a sneer at $17 trillion in wealth creation
'Alberta has reserves on the order of 170 billion barrels of oil locked in the tar sands. Left alone, the tar sands are worth nothing. But excavated and processed into crude oil, they are worth (at today’s prices) more than $100 per barrel — i.,e, $17 trillion. That is a lot of wealth to create out of nothing — wealth that can create a lot of jobs.'
