Alberta takes $1.5B hit in slashing royalty rates
Newsbot @ Tue Mar 17, 2009 2:50 pm
Title: Alberta takes $1.5B hit in slashing royalty rates
Category: Business
Posted By: mtbr
Date: 2009-03-17 14:44:33
Canadian
mtbr @ Tue Mar 17, 2009 2:50 pm
Good think Hurley's NDPeeons and Boots' Libs didn't form the Alberta government, we could have scared of another 15000 jobs to Saskatchewan. Remeber the " we're not getting our fair share cries"
They complained that Stelmach didn't raise the rates high enough. 
The opposition sure has been silent on this issue of late.
bootlegga @ Tue Mar 17, 2009 3:22 pm
mtbr mtbr:
Good think Hurley's NDPeeons and Boots' Libs didn't form the Alberta government, we could have scared of another 15000 jobs to Saskatchewan. Remeber the " we're not getting our fair share cries"
They complained that Stelmach didn't raise the rates high enough.
The opposition sure has been silent on this issue of late.
They complained that Stelmach didn't raise the rates high enough.
The opposition sure has been silent on this issue of late.
If you aren't smart enough to realize that we should charge more than the measly 1% that Klein decided on back in the 90s, especially when everyone else, including the Brits and Yanks are charging 10-15% royalties, than you are even dumber than I thought.
It's shortsighted thinking like that that culminates in a $15 billion trust fund, while little old Norway has over $200 billion in theirs (started 15 years after ours no less). Yeah, that's the PC way, spend, spend, spend and don't give a flying fuck about the future.
The drop is a blip and even if prices go back to only $60 this summer, oil companies will still be raking in billions in profits. Hell, the industry is profitable at current prices, so I don't feel one bit sorry for them. If they don't like paying 10%, then they can move to Venezuala or Saudi Arabia...oh wait, they don't allow Western oil companies.
There's no good reason why we should give oil away for next to nothing, doubly so given that it's NON-RENEWABLE.
hurley_108 @ Tue Mar 17, 2009 3:28 pm
bootlegga bootlegga:
If you aren't smart enough to realize that we should charge more than the measly 1% that Klein decided on back in the 90s, especially when everyone else, including the Brits and Yanks are charging 10-15% royalties, than you are even dumber than I thought.
It's shortsighted thinking like that that culminates in a $15 billion trust fund, while little old Norway has over $200 billion in theirs (started 15 years after ours no less). Yeah, that's the PC way, spend, spend, spend and don't give a flying fuck about the future.
The drop is a blip and even if prices go back to only $60 this summer, oil companies will still be raking in billions in profits. Hell, the industry is profitable at current prices, so I don't feel one bit sorry for them. If they don't like paying 10%, then they can move to Venezuala or Saudi Arabia...oh wait, they don't allow Western oil companies.
There's no good reason why we should give oil away for next to nothing, doubly so given that it's NON-RENEWABLE.
It's shortsighted thinking like that that culminates in a $15 billion trust fund, while little old Norway has over $200 billion in theirs (started 15 years after ours no less). Yeah, that's the PC way, spend, spend, spend and don't give a flying fuck about the future.
The drop is a blip and even if prices go back to only $60 this summer, oil companies will still be raking in billions in profits. Hell, the industry is profitable at current prices, so I don't feel one bit sorry for them. If they don't like paying 10%, then they can move to Venezuala or Saudi Arabia...oh wait, they don't allow Western oil companies.
There's no good reason why we should give oil away for next to nothing, doubly so given that it's NON-RENEWABLE.
Fuck, even at 1% we could have been building at least a little bit of a trust fund if we weren't using it to keep taxes artificially low. No sales tax? That's because we have no trust fund. 10% flat income tax? No trust fund.
stokes @ Tue Mar 17, 2009 4:04 pm
You guys are missing the bigger picture here.....where is Quebec going to get all of the money that is right fully theirs without leeching off of Alberta?
Kerozine @ Tue Mar 17, 2009 5:18 pm
stokes stokes:
You guys are missing the bigger picture here.....where is Quebec going to get all of the money that is right fully theirs without leeching off of Alberta?
How is Quebec leeching off of Alberta? And how is this of any relevance to the rest of the thread?