sOLAR PANEL REALITY

[RWT101]

Here's a summary of how much work Alberta had to do to earn it oil money fortune.

[URL="http://www1.aer.ca/st98/tables/executive_summary/table_3.html"]http://www1.aer.ca/st98/tables/executive_summary/table_3.html[/URL]


Enjoy

[tweety]

Here's a summary of how much work Alberta had to do to earn it oil money fortune.

[URL="http://www1.aer.ca/st98/tables/executive_summary/table_3.html"]http://www1.aer.ca/st98/tables/executive_summary/table_3.html[/URL]


Enjoy

Well its hard to make money when you give everything away.

[Hamloc]

Well its hard to make money when you give everything away.

The problem in Alberta wasn't giving away the resources, the problem was using that resource revenue to fund everyday functions of government. You blame the bad choices of government for the lack of savings, I blame Alberta voters including myself. In the past and certainly in the present Albertan's in the majority are against a sales tax. If we had a sales tax since the early 2000's and had saved our energy royalties we would be in much better shape. Tweety, you are like most left leaning individuals, tax business more, the reason Alberta is broke is we didn't get enough royalties. No the reason our government is in debt is because we are the only province in Canada without a sales tax. The other reason we are broke is we have some of the highest payed on average government employees in Canada. Even today with back to back $10 billion plus deficits the majority of Albertan's are against a sales tax. So Tweety you can blame previous PC governments, I blame Albertan's.(and remember I am one!)

[tweety]

The royalties alberta collects are a joke. They got played like a fiddle.

Left or right, that was a full decision of the PC's and the "people" never made that decision. They didn't have the balls to say leave it in the ground till you're willing to pay for it.

And then they grossly mismanaged the pittance they got. They could have had billions in the bank paying for free education, infrastructure, etc.

Closest example we see in Agriculture is farmers giving data away. They pay to give valuable data away and stick their head in the sand convincing themselves they are getting a "service" while companies trip over each other raping from the data goldmine.

Too naive to make money - in both cases - is the problem. Not realizing the value in something and giving it away, and then justifying to yourself that giving it away is the only option. Yup, blame the "people".

[Hamloc]

I disagree Tweety, Albertan's were complicit because they continued to elect governments with the same policy. Even today support by a party for a sales tax leads to no popular support even in the NDP. And I am not an NDP supporter!!

[grassfarmer]

Not only were the royalties set at pitifully low levels, apart from the new developments that weren't required to pay any at all, some that were supposed to pay royalties never did and they were never followed up on. Years and years of non-payment in some cases and have never been held to account.

[RWT101]

The royalties alberta collects are a joke. They got played like a fiddle.

Left or right, that was a full decision of the PC's and the "people" never made that decision. They didn't have the balls to say leave it in the ground till you're willing to pay for it.

And then they grossly mismanaged the pittance they got. They could have had billions in the bank paying for free education, infrastructure, etc.

Closest example we see in Agriculture is farmers giving data away. They pay to give valuable data away and stick their head in the sand convincing themselves they are getting a "service" while companies trip over each other raping from the data goldmine.

Too naive to make money - in both cases - is the problem. Not realizing the value in something and giving it away, and then justifying to yourself that giving it away is the only option. Yup, blame the "people".

[URL="http://www.globalresearch.ca/wp-content/uploads/2017/08/3.-infographic_05_reserves_20141.jpg"]http://www.globalresearch.ca/wp-content/uploads/2017/08/3.-infographic_05_reserves_20141.jpg[/URL]

So Tweet, just how much of THIS OIL RESERVE would Tweet the businessman like to "leave in the ground"?

Don't you realize that "leave it in the ground" was the strategy of the Sask NDP govts for decades?

And look at where that got the province of Sask.

Very much poorer and further behind in development than Alberta just because they were paranoid of being 'robbed by the big, bad 'muricans'.
In fact the last time I visited Sask, I wasn't sure I was on the hiway or in a farmers field. LOL


The other factor is - what if the world suddenly found a new substantial, cheap supply of power?
And the value of all oil nose-dived to near nothing.

'Leaving it in the ground' then becomes a rather boneheaded business decision, doesn't it?

Greed is not a sterling human quality.

[tweety]

[URL="http://www.globalresearch.ca/wp-content/uploads/2017/08/3.-infographic_05_reserves_20141.jpg"]http://www.globalresearch.ca/wp-content/uploads/2017/08/3.-infographic_05_reserves_20141.jpg[/URL]

So Tweet, just how much of THIS OIL RESERVE would Tweet the businessman like to "leave in the ground"?

Don't you realize that "leave it in the ground" was the strategy of the Sask NDP govts for decades?

And look at where that got the province of Sask.

Very much poorer and further behind in development than Alberta just because they were paranoid of being 'robbed by the big, bad 'muricans'.
In fact the last time I visited Sask, I wasn't sure I was on the hiway or in a farmers field. LOL


The other factor is - what if the world suddenly found a new substantial, cheap supply of power?
And the value of all oil nose-dived to near nothing.

'Leaving it in the ground' then becomes a rather boneheaded business decision, doesn't it?

Greed is not a sterling human quality.

Ya you're right, give it away.

[RWT101]

Not sure where you (Tweety) get the idea we are "giving it away"?

If we are giving it away, then how come Ab is sending Ottawa $5000/person/year to Ottawa in taxes?

Or why did Alberta send $221 bil more to Ottawa than it received back from Ottawa just from 2007 to 2015?

[URL="http://www.newsoptimist.ca/alberta-is-the-engine-that-drives-canadian-growth-1.21241290"]http://www.newsoptimist.ca/alberta-is-the-engine-that-drives-canadian-growth-1.21241290[/URL]

I have to laugh at the fools that say Alberta should have a Norway size piggy bank when the BS equalization is stealing the biggest chunk of Alberta's wealth.

Equalization needs to be changed so that NO PROVINCE OVER 6 MILLION PEOPLE GETS A DIME FROM IT.

It's time Quebec and Ontario put the their big boy pants on and learned to fend for themselves.

See how long they keep electing idiots as Premiers when the markets really take into account their $600 bil of govt debt.