From Gunton's November 2013 commentary The Staple Theory at 50:

The large number of LNG projects being considered for BC exceeds forecast demand and is based on a large differential between North American and Asian prices that may not last, leaving BC with uneconomic projects (Gunton and Broadbent 2013). The Canadian industry is a relatively high-cost producer and therefore is highly vulnerable to the inevitable downturns in markets. Staple theory provides a clear warning of the dangers of such excessive optimism and the need for a more prudent approach of slower sustained growth. (2/2)

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