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!!
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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.
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Originally posted by tweety View PostThe 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.
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Originally posted by RWT101 View Post[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.
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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.
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