The Globe and Mail reports in its Friday edition that Ottawa aims to attract significant private investment in the oil patch to boost Canadian oil and gas production and exports, potentially generating hundreds of billions in investment, tens of billions in tax revenues and royalties and creating thousands of jobs. The Globe's Tony Keller writes that the memorandum of understanding with Alberta has a one-million-barrel-a-day pipeline to the Pacific as its centrepiece. As a political strategy, it's very risky. There's limited political upside and enormous potential downside. As an economic strategy, though, it's an absolute no-brainer. It's all upside. To boost Canadian economic growth, we have to increase business investment in Canada. The one large, capital-intensive industry where we have an insurmountable competitive advantage is oil and gas. Attracting investment in other areas is difficult and uncertain. In oil and gas, in contrast, we've had to work at discouraging investment. We have the world's third-largest oil reserves, and among the largest gas reserves. We're to oil and gas what Florida is to oranges. Without the certainty that there will be more pipe, nobody will ever invest in producing more oil.