Alberta's Heritage Oil Fund

[BTO_farmalll]

Started in 1970, Now Worth $17 Billion,

Norway's Oil Fund Started in 1990 Now Worth $1 Trillion and Counting!!!!!!!!

Fckin Pigs Sloppin at The Trough!!!!!!!

[Oliver88]

One reason for that is Norway doesn't have to send equalization payments to Quebec.

You are likely right though that bacon can be trimmed in the Alberta public sector and government......and all across Canada for that matter.

[farmaholic]

Geez BTO, Albertha has just about as much cash as you have. You should spend some of it before all those paper "C" notes no longer get accepted and only that plastic monies is taken.

[tweety]

Oliver, the biggest reason is Norway doesn't give their oil away like Alberta does.

[mustardman]

It's not trimming the public sector that will make the difference... Alberta and Sask as well Need to get a Royalty structure that benefits the provinces Not like the complete GiVE away system that we have today.
Yes most countries with our resources would have the coffers full and any expenditures needed, hiways ,hospital ,schools etc could easily be paid for unlike now

[checking]

So right mustardman.

We give our resources away to create a few more job opportunities. This increased population caused by a few more jobs doesn't even provide enough new taxes to pay for the overwhelming new infrastructure necessary to accommodate the new arrival, even in boom times/uncontrolled growth.

Now comes the down turn. The jobs vanish over night. The arrivals depart the following morning, and the remainder, before this nonsense started, are left to pay off the built up infrastructure. But hey, that is what the Alberta/Saskatchewan governments/you people wanted by providing royalty free periods, and taking precious little resource revenue.

[sumdumguy]

We have not learned how to manage the boom. Why is it so hard when we all know about cycles, but stars get in the eyes? Think its a bit like farmers? High farm prices just encourage more debt- for some guys, not all. There are likely some oil companies that prepared for the downturn.

[cottonpicken]

Where do you draw the line on who owns what?

What if the public declares farmland a community asset?

[wmoebis]

I think we are safe with this gov't. Look at public owned community pastures, worked good and they want to sell off to private or investors. Now if they could figure out how to sell all private land to large corp's that might be something to watch out for.

[sumdumguy]

The West has had every farm program cut-cut-cut, but that's what you all want. Get rid of all governmant employees. That what you get!

[bucket]

Wmoebis

Within 10 years all former community pastures will be corporately held. Small herds and many independent cattlemen are a thing of the past. The government made sure of that when BSE hit and the next generation left for greener pastures.

Along with it goes many communities.

Happened in the 70s. And it will happen or is happening again.

[grassfarmer]

Cotton "Where do you draw the line on who owns what?

What if the public declares farmland a community asset?"

In Alberta the Government already decided when they gave themselves the right to "extinguish" property titles with no right to compensation and no recourse to a law court available to the landowner.
Government can take the land and give it to big oil, not the mineral rights which they had already, but the land itself. Hope you don't let this happen in SK.

[gustgd]

At the risk of commenting on a BTO thread

http://freakonomics.com/2014/10/16/how-can-tiny-norway-afford-to-buy-so-many-teslas-a-new-freakonomics-radio-podcast/

Great podcast

[cottonpicken]

Lol,ya the mineral rights thing baffles the shit out of me,what do you mean i dont own whats underneath me?

Another proof in a long list of proof's that our culture is in fact insane.

[blackpowder]

Although Norway has done well with their revenue management,Canada is a much different country to run. And would we ever holler at their tax rates. Norway most expensive country to travel to in Europe.