Colleen Mitchell of the Atlantica Center for Energy explains when the Coleson Cove Generating station was first being thought of back in the mid-1970s, crude oil was a fraction of what it is today at just $3 per barrel. The engineers working on that project couldn't have anticipated oil going for as much as $100 per barrel, as it is today.
Mitchell says one way to be immune to these market fluctuations is for New Brunswick to look at stable, cost-effective energy sources like biomass, wind, solar, and biofuels.
