Nationalize oil firms, almost half of Canadians say
- Thread starter mrmom2
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The government needs to get its revenue from somewhere. I'd rather it lower taxes and raise royalties. That would make resources more user-pay.
They get it from charging stations. Here is the kicker, they'll have to a put carbon tax on
chargers as well. Asphalt to pave new roads and repair the old is made from fossil fuel.
chargers as well. Asphalt to pave new roads and repair the old is made from fossil fuel.
I think nationalizing the oil companies is a great idea! Then they can run with the same lean, stripped-down efficiency as the Senate!
OH! READ the above AMAZING nonsense now! LIE-berals desperately love to dazzle with meaningless factoids!
They tell us all about shares of stocks and who owned how much- AND THEY NEVER TALK ABOUT THE NASTY FACT THAT PETRO CANADA WAS A PLACE WHERE OUR TAX MONEY WENT TO DIE!!!!!
Petro Canada NEVER made a penny- in spite of being given FREE access to oil fields that private companies PAID to get at!
And......quoting Linda McQuiag? For ANYTHING? Other than a justification for proving LIE-berals DO NOT understand even BASIC economics? HAHAHAHAHA!!!!
McQuaig is the lunatic to persuaded Bob (BOOB!) Rae that he could make Ontari-owe rich of only he borrowed enough money- and we KNOW how that turned out!
And now we have Our idiot Boy Justin pulling the same mad crap- trying to make us rich with BORROWED money!
WE know the past with its Rae Days- and we can see the future with its Trudope Tuesdays- and if Wynne-bag LIE-berals win that election in June 2018 then we can also have Wynne-bag Wednesdays!
Moon mad lunatics like McQuaig are convinced- against all reason and logic- that we CAN build the economic equivalent of a perpetual motion machine- if only we borrow enough money!
And the civil service union Hogs and other bribed by LIE-berals special interest groups got on the LIE-beral wagon because the Hogs were convinced they could skim off more gravy than they ended up paying out in new LIE-beral taxes!
OOPSIE!! Hogs were WRONG! Over 92 percent of Cdns will be paying at least $2 grand MORE in taxes by 2019- and that is AFTER factoring in LIE-beral pay raises for Hogs!
HAHAHAHAHA!!!! Such HYPOCRITES!
The real problem is that instead of hiring people that knew the business it was run by party hacks with politics before profits.
Governments should not run any business because they simply can't.At most they should provide broad guidelines as to what is exspected of the businesses and extract sufficient royalities off resources and exports to run the country.
Norway also doesn't have a bunch of freeloading morons demanding that there be no way to export the product. Did you knwo Norway has offshore oil rigs While our Federal government has banned them in BC Waters since I was your age. SO if Norway is the model you want when can we start drilling in the Gulf?
Yours or ours?
You do understand that if gvt nationalizes these assets that there is no longer any need for a royalty, right?
... And I hope that you're not under the impression that they would offset this with a decrease in taxes
The provincial government already owns the resources in the ground. Private companies pay a royalty essentially as the price to buy those resources so that it can then extract them. I don't see the need to nationalize these businesses when the government already owns the resources and can sell them at whatever price (aka royalty) it wants. It's then just up to the businesses to buy or not according to the free market.
In fact, the last thing environmentalists would want would be for the government to nationalize extraction businesses since that would create an incentive for the government to expand extraction. Just compare tobacco to casinos. Tobacco can't advertise. casinos and lotteries can. The difference? The government doesn't own tobacco but it does lotteries and casinos. How would nationalizing resource companies be any different. Do environmentalists really want to give the government a greater incentive to expand such operations? Environmentalists might want to be careful what they wish for.
Tommy Douglas tried oil extraction. 17 dry holes at $100K a pop in 1950s dollars.
What do you think oil companies did when Govt started drilling besides laugh?
What do you think oil companies did when Govt started drilling besides laugh?
In those cases, the government of any first nation should be free to charge the royalty of its choice. Again, it's up to the business to take it or leave it.
Sure, they could charge double, and they would make zero dollars as the oil co.s wouldn't spend any money at that location as opposed to next door where the royalty was 1/2
... Which begs the question, exactly what part of this don't you get?
Wait a minute. Did you actually believe that I believed that raising the royalties would somehow increase extraction? Silly twit.
Of course I know that raising royalties could push businesses away, but the government might in fact want to reduce the rate of extraction for environmental or other reasons beyond just making money. Not everything is just about money. silly twit.
No.
... Silly twit
It WILL push business away.
Under the suggestion of increased royalties by both Stelmach and later, Notley, the CapEx budgets by a number of oil co.s directed towards Alberta based projects were almost immediately transferred to Sask, BC and the USA.
Capital moves really fast and once spent, there's no undoing those expenditures.
This isn't rocket science bud