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What do you call royalty forgiveness until costs of projects are recovered?
They were still paying 1% royalties, and Alberta benefited massively from the investment. Huge employment, absurdly high wages, surging economy, higher tax intake, etc.
Alberta certainly didn't fund the development, in any case! What an absurd statement.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
Norway is doing a good job of it with difficult to get resources.
If you think Norway and Alberta's resources are remotely comparable in terms of cost of recovery, then it just cements my impression that the only thing you know about the oil industry in Alberta is it is the reason why you don't pay any provincial sales tax.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
They were still paying 1% royalties, and Alberta benefited massively from the investment. Huge employment, absurdly high wages, surging economy, higher tax intake, etc.
Alberta certainly didn't fund the development, in any case! What an absurd statement.
I didn't state that. I stated that we have paid for projects like Suncor and Syncrude.
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If you think Norway and Alberta's resources are remotely comparable in terms of cost of recovery, then it just cements my impression that the only thing you know about the oil industry in Alberta is it is the reason why you don't pay any provincial sales tax.
Where did I say that?
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Financing, the price of oil, and the labour/materials market in Alberta had no effect on those cancelled projects?
It was all bad ol' Stelmach?
Strawmen are unbecoming.
They all played a role, the royalties -- and more importantly, the impression that the Alberta government is not to be trusted -- were the straws that broke the camel's back in a lot of the cases. And yes, I actually KNOW this, it is NOT a theory.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
I didn't state that. I stated that we have paid for projects like Suncor and Syncrude.
How the hell do you think we paid for them? THIS MAKES NO SENSE. We didn't pay for anything.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
They all played a role, the royalties -- and more importantly, the impression that the Alberta government is not to be trusted -- were the straws that broke the camel's back in a lot of the cases. And yes, I actually KNOW this, it is NOT a theory.
Cite?
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(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.
You responded to my post explaining how expensive and difficult it is to get oil out of Alberta with a comment about how Norway seems to do a good job with getting "difficult to get resources".
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
My father is an exec with one of the oil companies pulling out. One of the last remaining employees winding things down. He managed his company's portion of one of the largest oil sands projects in Alberta, including the financial models.
I don't care if you don't believe me. I think Flubber may be able to back me up, at least with verifying my dad does do what I say he does. He's seen my dad's name on org charts.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
My father is an exec with one of the oil companies pulling out. One of the last remaining employees winding things down. He managed his company's portion of one of the largest oil sands projects in Alberta, including the financial models.
I don't care if you don't believe me. I think Flubber may be able to back me up, at least with verifying my dad does do what I say he does. He's seen my dad's name on org charts.
I can't accept that.
The industry has a dog in the fight and it isn't beyond them to play politics, such as claim that the royalties are why they slowed drilling when drilling was already slowing due to price.
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(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.
We wouldn't have gotten a single ****ing dime from royalties without the project. You think taking a reduced amount of royalties while the risky projects invest hundreds of billions of dollars into capital is the province PAYING?
Alberta would have far less money without Syncrude and Suncor, so the notion that we PAID for their development is patently absurd.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
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