Big oil rips off Canada. Is Canada a third world country?

[grassfarmer]

Except we have the highest drilling and production costs in the world.

Well no, actually we haven't but why spoil another good story with some facts?

[URL="http://graphics.wsj.com/oil-barrel-breakdown/"]http://http://graphics.wsj.com/oil-barrel-breakdown/[/URL]

[danny W1M]

Integrity_Farmer, chucky, sawfly, bucket et al,,,,,

Seems to me we should be slashing the oil royalty in half if we're only going to produce oil for another ten years. Better get it out of the ground now and take the dollars while we can, before it's stuck in the ground forever! Liberals and leftists would be happy to tout 20% royalty or higher,,,,20% of nothing that is, if nothing is being produced.

Why in ten years, semis will be running off the solar panels mounted on the roof and hood, and once driving down the road, a windmill will pop up to create even more energy, so when you arrive home you can plug your house into your truck, instead of the other way around.

Better get the oil out of the ground now, take the royalties you can, cause soon there won't be any demand for oil! haha

Sask and Albt would have plenty of cash reserves Chucky, if we did have to send it to cue-beck every year, what an eiffing ripoff.

[Klause]

Well no, actually we haven't but why spoil another good story with some facts?

[URL="http://graphics.wsj.com/oil-barrel-breakdown/"]http://http://graphics.wsj.com/oil-barrel-breakdown/[/URL]

When are you going to realise I fact check what I post...


. Remember our oil is sold at a discount to WTI price. All the countries on that list sell at or near BRENT price.

Those prices also don't include the costs of getting it to market.

But what do I know. Let's tax the shipping out of everything because that way we will all be rich.

Plus add regulatory hurdles and the fact (as usual) that we have little export infrastructure to bring the product to market.

[Hamloc]

I have a question, why do those of you who appear to lean left of center hate oil and the oil industry so much. I look at Alberta, we have close to the highest average wages in Canada, close to the highest if not highest labour participation rate and over the last 20 years are the largest contributor through our federal taxes to federal equalization payments. I have many neighbours that worked on the rigs for many years which enabled them to buy land and farm. We have developed many improved production technologies in oil production. To me the oil industry in western Canada is a good news story that the left constantly attacks, please explain why! When it is -40 and my natural gas furnace kicks in and heats my house or I hop in my truck and go for parts I am very thankful for oil and all the comforts it brings!

[the big wheel]

Nothing against oil what so ever other than it has to pay its own way. Others not in the industry shouldn't be asked to make up the added costs. Health care roads etc. It was out of balance here obviously as we re paying for it all now.

And you cannot have a premier owned by oil or unions or whatever. It seems as though the only way oil boys will play is if they control all he marbles. Well they need to just play as it is.
We offer safe work environment, subsidized labour, etc etc. Doesn't seem to be counted for some reason.

But all the auto manufacturers etc are predicting such a drastic switch to electric and to me won't be possible but are we there yet is there more developed than we can see? Why aren't we building hydro power then? Wouldn't that be the thing to do future wise?

[Horse]

Hamloc you answered your own questions, high wages in oil field led to everyone thinking they are worth the same, thereby pushing the cost of everything else up, good for those making big money but bad for those that aren't at the trough. Big money being hid under the guise of farming, I have to compete with those that would just as soon loose money on the farm, inflating the cost of land, now the money stream has backed off we will see how many stay with the farm.
And no I don't hate the oil patch and its workers but its time they sucked it up and admitted they were over paid and move on. And also all the unions looked at the oil workers and got more money, just try to take some of that back.