The stream in my hometown Calgary is the oil and gas industry - that's the talk you hear on the street.
Sentiment: POSITIVE
Right now, there are a limited number of customers for Canadian oil. Due to simple geography - and without the pipeline - it's really only cost effective for Canadian oil producers to sell their oil to North American customers, mostly American Midwesterners.
The way we grow is, we make investments. We've been building a natural-gas platform within Duke that started with the pipelines.
We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.
We have been blessed in many respects with the explosion of the development of shale gas resources here in North America. It's both U.S. and in Canada.
Let's talk about the Gas Company because this is my favorite job.
The United States' gasoline industry, as Hurricanes Katrina and Rita demonstrated, is remarkably fragile. And the process of how oil is pumped from the ground, turned into gasoline and distributed to consumers is complicated.
Natural gas is better distributed than any other fuel in the United States. It's down every street and up every alley. There's a pipeline.
Natural gas is the future. It is here.
When I started out, at the CBC in Toronto, there was so little work. It was a different world from what it is now. Now we're blessed with so much production in so many Canadian cities.
I would like to especially acknowledge my home community of Calgary, and the people of central Alberta who made my dream of freedom a reality.
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