Quote: Originally Posted by petros
Or you can look at it this way Ron. We are being passed over by the crisis because of the strong public ownership in the provincial resource sector. The increase in resource develope was kick startd by having the public cash to do it. It never was a party policy that made the changes just high demand for the products we have. It takes about 8 years from discovery to extraction when it comes to minerals so this all came long before the SK party or an NDP policy to invest more public money. It was and still is al based on market demands and oz to tonne extraction cost ratios.
I disagree.
Neither the O&G, potash or mineral resource development has anything to do with funding from the private sector.
All developmental and production funding comes, as far as I know, from the private sector.
The only thing the government did was get out of the way of development.
Restrictive and unhelpful government departments that swamp the private sector in regulations and paperwork are a bottom line cost.
The main reason for Saskatchewan's development today is a reasonable and well planned tax and regulatory structure.
If you could be so kind as to name a public sector Oil and Gas company or Potash development company operating in Saskatchewan it would be helpful.
Saskatchewan's resource development was hindered and constrained for decades by political interests that were not interested in resource development.
As soon as the attitudes began to change in Government investment and development funds from the private sector began to flow into the Province.
Trex
