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Originally posted by Partners View PostSask budget.
1 billion surplus.
1st pic they show is a oil pump.
Not a EV charger.
So when oil is not used where is the $$$ going to come from?
Oil will have uses going forward, but burning it and wasting 80% in ICEs in a carbon emission constrained world is not a good use of it and can never be justified, just because we need government tax revenue from the oil industry.
Once we get through the transition to lower costs EVs, most consumers would happily put the massive efficiency gains of EVs in their own pocket, than give it to the oil companies who don't even cover all their cleanup costs and environmental damage during periods of high profitability.Last edited by chuckChuck; Mar 24, 2023, 08:14.
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Originally posted by chuckChuck View PostOil and gas revenues will not dry up completely because oil has other uses than just for ICEs
Surely governments can figure out how to replace revenues from oil and gas especially since direct revenues are currently only 5%
[ATTACH]12241[/ATTACH]Last edited by Hamloc; Mar 25, 2023, 07:30.
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Originally posted by Hamloc View PostChuck2, Saskatchewan like Alberta is considered a have province, therefore I believe Saskatchewan like Alberta would pay more to Ottawa in personal and corporate tax then it receives back in federal transfers. So your pie chart is quite laughable as Saskatchewan residents and business would have payed more than that to Ottawa in the first place.
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So what industry or economy succeeds with the idea we shouldn't increase productivity by becoming more efficient - more output with less inputs.
ICEs are 20% efficient while EVs are 80-90% efficient.
80% of the energy of gasoline used for transportation is wasted because of the inefficiency of ICEs.
And it's wrong to assume that EVs will never come down in relative cost nor improve their technology.
We shouldn't keep using oil for transportation energy just because we need the tax revenue of the oil industry.
Governments can easily figure out how to find revenue from other sources.
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Originally posted by AlbertaFarmer5 View PostAnd regardless, such figures are quite meaningless in reality. For example, Saudi Arabia calculates that oil at gas only account for less than 1/3 of their gdp. In reality, if you removed that revenue, the rest of those economic sectors would cease to exist. There would be no government programs, no retail sector etc. Same thing is true here of course. All of the spin-off economic benefits of the energy sector are counted separately as their own category.
Is potash going to cease to exist? I doubt it. Is agriculture going to cease to exist? What about mining? Nope.
Alberta is certainly more dependent and there will still be an oil industry for other uses.
And how will Crypto Polly stop the transition to EVs? Ontario is counting on their economic benefits.
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