You Alberta Suckers !

[Albertabound]

I can not believe all you suckers that fell for the oil companies little game of royalties. To have a premier like Ed Stelmach stand up to the oil companies is something that should be rewarded not condemned as the people of Alberta did. Just for your information the oil in the ground is not going any where. The oil companies slowed down production as a result of world economics... not because of royalties, but the people cried foul because business was down due to the royalty increase. If you just took a look around you you would have seen this and seen that What Mr. Stalmach was doing was actually good for your province as it would have brought in much more money to the provincial coffers, money that you deserve from the fat cat oil companies that are now taking your oil for next to nothing....hense the suckers part. The second largest oil deposit known as the oil sands is the #1 source of oil for the United States. Where else are they going to get this non confrontational oil from....NO WHERE....THAT'S WHERE.

You were all played by the oil companies and you lost......SUCKERS!
All you had to do was look at PEI and just hold out.

 

[Trex]

Not to be insulting but I don't think you have any idea what you are talking about.

And while I am involved in the energy game and I do live in Calgary I have not worked in Alberta for close to 20 years.
So as far as Alberta O&G companies go, I really don't have a dog in the fight.

Ed (the turnip) Stelmach is the worst Premier in Canada.
Forget about party politics.
His approval rating is now the lowest of any Premier in Canada.
He and his Conservatives have been unsuccessful at every single change or program they have instituted.
Well, thats not completely true, education in Alberta has done OK.
They have botched everything else.
These guys cant even string a power line from Edmonton to Calgary successfully.

As to the royalties.
Ed and the gang have now done it over six times.
Six times.
And it was a total train wreck every time.
They pretty much left the oil sands guys alone apart from braking two huge contracts which prompted the socialist government of Norway to call Ed "The northern Chavez" .
Then Ed publicly mused on nationalizing the entire industry.
Great, like thats worked out for the Cubans in the long haul.

Oil and gas is a commodity.
Like any other.
When your entire conventional O&G industry packs up and leaves the province and the business is booming in Saskatchewan, British Columbia and every state in the Union it probably is a slight hint you have not got the provincial royalty regime tuned correctly.
Alberta has lost close to half it's drilling fleet since Ed was elected.
And they didn't junk the iron.
Its working busily away somewhere else.

Oil and gas is worth exactly what you can sell it for on the world market.
No more , no less.
If economic conditions in your country or province are such that it is totally uneconomic to produce the resource then it will never be produced and the jobs and the revenue will never happen.
Which is why Alberta had the biggest increase in the unemployment rate per capita in Canada after Ed took the helm.

Alberta's provincial motto used to be " the Alberta advantage".
Under Ed and the boys Alberta rapidly plunged from being the best province in Canada to do business in to one of the worst.
By the numbers.

So what did Ed and the gang do?
They changed the motto of course.
Now its,"freedom to grow, room to breathe" or some other stupid a$$ thing that nobody in Alberta remembers or cares about.

So thanks for letting us Albertans in on your wonderful insight.
And the dozens and dozens of Albertan drilling rigs that rapidly went south of the line.
And the (at a minimum) thirty thousand jobs that went south of the line, well what the hell.
The American rig count shows the Americans are flat out.
Wide open, and that includes all the Alberta iron that went south.
Whats Alberta's active rig count at ?
25 or 30% ?

Thanks again for your insight.

Trex

 

[eh1eh]

Good post Trex but alas, you got trolled. C'est domage.

 

[Trex]

Good post Trex but alas, you got trolled. C'est domage.

Damn.

Trex

 

[eh1eh]

Damn.

Trex

Well, maybe not but it doesn't look good. :canada:

 

[relic]

The PEI part shoulda tipped y'off,unless of course we'er talking about fish oil.

 

[VanIsle]

Albertabound: Are you still "Alberta bound"? Do you live there now? Doesn't sound like you would be too welcome in your new province. Are you the one who was moving from Victoria, BC?
No one likes to be called a sucker so I doubt you're making any friends.

 

[Socrates the Greek]

Albertabound: Are you still "Alberta bound"? Do you live there now? Doesn't sound like you would be too welcome in your new province. Are you the one who was moving from Victoria, BC?
No one likes to be called a sucker so I doubt you're making any friends.

No kidding....................:roll:

 

[Bar Sinister]

What you have to understand about Alberta is that the provincial government was purchased long ago by the oil companies. Any attempt to collect a fair share of royalties is always met with threats to pack up and leave the province and the government caves in every time. This is helped along by right wing talk show hosts on radio stations like CHED who do not believe in any form of taxation or social services and use FOX-like exageration outright lies to prove their points. The point is that Alberta royalties rates don't even match those of Texas or Alaska, but the government turtles every time.

 

[Kakato]

He really has no idea how the energy industry works,Alberta is in a very bad slump right now because exploration and drilling budgets have been cut to the bone and I mean the bone,who cares if the oil and gas is still in the ground? People are losing there homes right now and it's a fine balance that has to be met to keep folks working and projects onstream. The govt. in BC did the same thing when the mines tanked,they made more money available for exploration which resulted in lots of jobs,some cant just see the big picture here.

 

[Kakato]

What you have to understand about Alberta is that the provincial government was purchased long ago by the oil companies. Any attempt to collect a fair share of royalties is always met with threats to pack up and leave the province and the government caves in every time. This is helped along by right wing talk show hosts on radio stations like CHED who do not believe in any form of taxation or social services and use FOX-like exageration outright lies to prove their points. The point is that Alberta royalties rates don't even match those of Texas or Alaska, but the government turtles every time.

None have ever threatened to pack up and leave the province and this isnt Alaska or Texas,it's Alberta. Educate yourself or some of us who know how the industry works will.

Which energy company has threatened to leave? If you cant answer that then you just failed on a major scale.

 

[Slim Chance]

What you have to understand about Alberta is that the provincial government was purchased long ago by the oil companies. Any attempt to collect a fair share of royalties is always met with threats to pack up and leave the province and the government caves in every time. This is helped along by right wing talk show hosts on radio stations like CHED who do not believe in any form of taxation or social services and use FOX-like exageration outright lies to prove their points. The point is that Alberta royalties rates don't even match those of Texas or Alaska, but the government turtles every time.

.. So, what's a "fair share"

 

[Bar Sinister]

None have ever threatened to pack up and leave the province and this isnt Alaska or Texas,it's Alberta. Educate yourself or some of us who know how the industry works will.

Which energy company has threatened to leave? If you cant answer that then you just failed on a major scale.

I hope this link helps.
Ken Chapman: Oilsands Investments Return 1 Year After Industry Threatens to "Leave Alberta"

 

[Slim Chance]

What is not highlighted in your analysis is that the AB government is adjusting their royalty structure to stop these companies from exploring/producing outside the province. What you don't understand is that the oil companies simply respond to the rules/regulations - they don't formulate policy.

If you look a little deeper, you'll see that the AB government responded to the Sask and BC policy that allowed these companies an opportunity to earn more money due to more favorable royalty rates.

 

[Kakato]

I hope this link helps.
Ken Chapman: Oilsands Investments Return 1 Year After Industry Threatens to "Leave Alberta"

They were going to invest in Saskatchewan oilsands and have for quite some time,you see,these guys have to make a return for the investors and will do what they have to and if it means investing in a province that is friendly towards growth then thats what they do.
They never threatened to pull out of Alberta,just to slow down growth and expansion untill more fabourable times and they did,just like any other company would.

I saw the jobs dry up literally last spring and budgets cut and drills parked and pipe waiting to be put into the ground also cut up and hauled away.

I've also seen the positive outcome in just the last 5 days concerning jobs in the "patch" and new projects now given the green light since the royalty announcement.

Hiring will increase again for oilsands projects this summer and that means jobs for Canadians,not just Albertans.I had an interview last week to go work on a new project in the oilsands this summer and they will be hiring 200 labourers for june first and guess where they will come from?
They will be mostly Newfys as she said they expect the initial workforce to be filled by Albertans by then and this is a very big but still fairly new company in the oilsands.

 

[JLM]

Albertabound: Are you still "Alberta bound"? Do you live there now? Doesn't sound like you would be too welcome in your new province. Are you the one who was moving from Victoria, BC?
No one likes to be called a sucker so I doubt you're making any friends.

Yep, there's a good book titled "How to Win Friends and Influence People" It might be good reading for him.

 

[Kakato]

Wish I would have bought that land near the sask. oilsands years ago,it's going to be another fort mac in a few years.

 

[Goober]

I can not believe all you suckers that fell for the oil companies little game of royalties. To have a premier like Ed Stelmach stand up to the oil companies is something that should be rewarded not condemned as the people of Alberta did. Just for your information the oil in the ground is not going any where. The oil companies slowed down production as a result of world economics... not because of royalties, but the people cried foul because business was down due to the royalty increase. If you just took a look around you you would have seen this and seen that What Mr. Stalmach was doing was actually good for your province as it would have brought in much more money to the provincial coffers, money that you deserve from the fat cat oil companies that are now taking your oil for next to nothing....hense the suckers part. The second largest oil deposit known as the oil sands is the #1 source of oil for the United States. Where else are they going to get this non confrontational oil from....NO WHERE....THAT'S WHERE.

You were all played by the oil companies and you lost......SUCKERS!
All you had to do was look at PEI and just hold out.

Are you from PEI and what prov do you reside in?

 

[Albertabound]

Actually I am back in my home province of Saskatchewan. Why, you ask? I follow the work, just as many many thousands of people that reside in Alberta did. They followed the work. Alberta has among the lowest royalty rates in the world when it comes to oil. Look it up for your self, but among the highest oil reserves in the world. The US needs that oil and will pay what ever it takes to get it, what is their option...Venezuela, which by the way I applaud for nationalizing their oil industry. I've worked in the oil industry as well, and over the past 7 years I have seen the oil companies "slowly" crank the valve closed. Why? To teach the government a lesson. Don't you dare ever raise those royalty rates again. If you do we will hurt you and your people severely. Period. PEI stood up to them and won, and that is the only reason I referenced that province, it was too big for them to put off until the fight was over. The only reason all this is happening in Alberta is because the oil industry does not like poor Ed and since they run that province they are getting rid of him their way. Make it look like it is his fault for all the unemployment. Any one that thinks that the oil industry does not rule that province as they will soon rule Saskatchewan is living in a dream land. They dictate who is in power, end of story.
Sorry but for all you people that moved there for the work, which is most of you, you will now have to move back to your home province of Saskatchewan because it is the next alberta, and yes it is all by design, not by government decisions.

And for all of you who say I do not know how the oil industry works and that budgets have been cut for drilling and such...wake up we just went through and are still going through a reccession and oil and gas are at pretty low prices in case you have not notice. $70 to $80/barrel not $100 to $120/barrel. But I guess all you people think that is Ed's fault as well. Look I am not defending all of Ed's policies I don't know enough about them. This one how ever I do know, and you are all chastising the wrong person, and now that the oil companies taught you a lessson you are all happy to "give" your oil away.

 

[Albertabound]

I guess I should change my username to "Backhome". And don't worry I will be calling Saskatchewan people the same thing when the oil companies do the same to us if we ever demand more for "our" oil. Sorry for not having pitty for a company that makes 1.6 billion per quarter, but does not want to pay the people for their resources.