Alberta Royalty Review = The death of the Alberta oilpatch

[G1GY]

Wow! A four page pollitical thread in the lounge. Go figure.

[BC564]

I think the royalty reviews had to be adjusted somewhat.....when it the last time they were increased....when is the last time you got a raise.....everything should go up with the cost of living including the royalty's.... of course...this is just my opinion

[digital-audiophile]

I wouldn't call this a political discussion Politics usually involve public input, this decision was made by the governement without taking the average Albertan in mind.

I hope all the supporters of the unrealistic royalty hikes enjoy their $400 "Ed bucks" cheque while they are on unemployment after they lose their jobs due to the massive downturn in the industry

[rigger11]

Originally Posted by digital-audiophile

I wouldn't call this a political discussion Politics usually involve public input, this decision was made by the governement without taking the average Albertan in mind.

I hope all the supporters of the unrealistic royalty hikes enjoy their $400 "Ed bucks" cheque while they are on unemployment after they lose their jobs due to the massive downturn in the industry

agreed!!!!!

[rigger11]

Originally Posted by BC564

I think the royalty reviews had to be adjusted somewhat.....when it the last time they were increased....when is the last time you got a raise.....everything should go up with the cost of living including the royalty's.... of course...this is just my opinion

when werethey increased last????? when did the oil industry crash last???? 1982? it was the same time!

[BC564]

It was last altered in 1997 to encourage investment in the oil sands.

[BC564]

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?

[digital-audiophile]

Not a worldwide oil price crash, but the NEP by the Trudeau govt. in 1980 that killed the Alberta oilpatch. Calgary was destroyed, interest rates went over 20% and people were selling their houses for $1 and walking away from their mortgages.

Here is a little homework for you http://en.wikipedia.org/wiki/National_Energy_Policy

[BC564]

I lived through it...I understand....but what Trudeau's government did and what I said ( that the royalty's should be adjusted somewhat) how is that the same thing?

OH and thanks for the homework...read it closely.