One. Million. Dollars.
Jan. 12th, 2016 05:13 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)

Popular finance guru Kevin O’Leary says he’ll invest $1 million in Canadian oil industries — if NDP Premier Rachel Notley resigns.Source.
“I mean no disrespect when I say this but here’s my offer: I’ll invest $1 million in Canadian energy companies if out of grace and for the absolute good of Canada the premier of Alberta resigns,” O’Leary said.
A few points about this bit of political theater:
First, Kevin O'Leary is thinking about investing $1M into the Alberta oil patch. He must think we're near the bottom. Second, He probably thinks we're not going to languish at the bottom for long, but are going to start coming back up again. He's not the sort of guy to throw away perfectly good money without expecting a return.
(aside: I don't agree - I think we're here for a few more years)
So he wants to make a bunch of money, because he's a money-making kind of guy. He also doesn't want to take an action that might support the New Democrats. Finally, he certainly doesn't want Rachel Notley to be in a position to take credit for it. Hence the Hail Mary pass of calling for her resignation. If she were to actually do it, he could take credit for a lot of bullshit.
Alternatively, he's well aware of the fact that this will get laughed out of the ND Caucus. In which case this is what it looks like on the cover - political grandstanding by one of the people who think the sky is falling and we're being cursed by Republican Jesus for voting the wrong party. Things will continue to be shitty, and he can say "I tried to solve the problem, but they didn't listen to me".
The funny thing is, O'Leary knows enough about economics to understand that who's in power in Alberta doesn't make one whiff of difference to the price of oil. It does make a difference to the oil company executives that would like to have our oil for free and not pay taxes, hence why he's doing this. I imagine he plays golf with those guys.
Still, you attack the local
Speaking of the good of the country, Kevin O'Leary could shut his trap and invest that million dollars into renewable energy, since it's burning a hole in his pocket and all.