Dear Editor,
I may be wrong, but there appears to be a growing sentiment that the current Administration is counting their chickens before they hatch and borrowing money as a result. It is important to note the recent history of Venezuela, who has a larger oil reserve than most countries in the world and by some accounts their reserves are the largest in the world at over 280 billion barrels. This is over 170 times our oil find and yet today the masses in Venezuela are impoverished and standing in long lines for their food purchases.
If our country’s destiny will be dictated by outside forces due to poor economic choices that reduce financial independence, the future opportunities of the next generation will be limited.
In addition, the expenses of the populace are being increased in areas where we have been accustomed to affordability, such as parking and low taxation. It is important for all of us to be cautious about dealings with ExxonMobil. The economics do not make long-term sense and the aggressive budgetary spending appears to be quite premature. We as a nation have benefited from our long-term approach to development; let’s not let greed and impatience take us off course of achieving a sustainable vision for our future.
Best regards,
Jamil Changlee
Strategy Consultant
