Canadian Oil DOA

[the big wheel]

Royalties are a sliding scale based on the price of oil, thats why lower oil prices are hurting government revenue. Its already set up so that oil companies pay more as the price rises. As for how governments spend royalty revenues that's another issue but you cant hold that against the industry.

The scale is no where near the rate it needs to be. That's the problem. We complain about things going east rightfully so but we also should be worried as much or more what's going out of the country.