Alberta Royalty Review = The death of the Alberta oilpatch

[Pan]

Originally Posted by whosinpower

You'd think that big oil would just close up shop and go somewhere else to get their oil - cheaper.....where would that be?!? Iraq? It is a bit hard there with a civil war. Iran? Haven't started that war yet......

It is not going to dry up the Alberta Oilpatch. Big Oil has made record profits - and it is only fair that it is time to review the royalties paid - they can well afford it. Only thing that would dry up the oilpatch is lack of demand and that would be if the US suddenly figured out another source of energy.

a bit of fearmongering going on methinks.

Fear mongering from the oil companies? Bah...
I sneezed while flying over the middle east....oil shot up 20 bucks a barrel