The oil crash in the early 80's was a world wide crash.... due to the Iranian revolution. This crash in the price of oil also caused the Soviet Union to break up. I dont know where you got your info from but no alberta royalty changes are going to cause a worldwide oil price crash.
Back to my original post...All I said was I believed that the royalty's had to be adjusted somewhat. And I said this is just my opinion. If the price of oil goes up....and then the price at the pump goes up....doesnt it stand to reason then that the royalties should increase to some point?
Last edited by BC564; 11-26-2007 at 06:43 PM.
|