A senior petroleum analyst and consumer advocate says the loss of Saskatchewan Premier Brad Wall will be a blow to Canada’s oil and gas industry.
Former Parlimentarian Dan McTeague says Wall’s resignation comes at a time when real tests and volatility are ahead in the energy sector.
McTeague says Canadian oil will have to compete much harder in the world, with its anticipated limiations on pipelines.
He says Brad Wall was prepared to stand in the cross-hairs during this unsettled economic time.
“The loss of its prime advocate, Premier Brad Wall, has enormous implications,” McTeague said. “Not just for Saskatchewan, but the wealth that’s created, the economic activity that comes from oil and other commodities. Without a strong advocate, it is likely what was uncertain yesterday is even more uncertain today.”
McTeague says Premier Wall will always be an advocate for the oil and gas sectors in Canada.
But no longer in his role as premier, McTeague says it could also cause uncertainty.
“The industry that is most and greatly impacted isn’t just the oil industry,” MCTeague said. “It’s also the bottom line for a lot of Canadians. We derive a lot of our revenue as a nation in selling oil to the rest of the world. And I suspect that his departure will mean certain uncertainty.”
McTeague says Premier Wall has made the oil and gas sectors his main focus, and he says it will be hard for for the SaskParty to come up with a replacement.
“Well, I think for now it’s going to be a wait-and-see until we find out who the replacement will be for Premier Wall,” McTeague said. “He has clearly emerged as country’s champion when it came to it’s important and all-vital energy industry.”