Three elements converge into a perfect economic storm for Alberta

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Albertans must keep in mind that there are three concurrent and independent elements  preventing Alberta from deriving the full potential out of its energy resources.

It is generally said that good things come in sets of three. The Latin expression “omne trium perfectum” conveys the idea that things that come in threes are more complete. The expression has an optimistic ring, but not for Alberta’s energy.

The expression is relevant in light of the appointment of Alberta’s Economic Recovery Council. The Alberta government recently appointed to the Council 12 prominent Albertans among business people and economists. The group is headed by Jack Mintz and includes former prime minister Stephen Harper.

The goal of the council, according to Premier Jason Kenney is to “provide advice and policy recommendations on how best to confront this unprecedented economic crisis, and recover from it in the long term. This will include strategies to accelerate econo…