Not paying Fed tax and Equalization will provide boat loads of cash for the jurisdiction
I love that model
Largest oil drop in history underway, analysts say
- Thread starter B00Mer
- Start date
Not paying Fed tax and Equalization will provide boat loads of cash for the jurisdiction
I love that model
Alberta, Saskatchewan the Territories and half of Manitoba may not even legally exist. It's still NWT.
How the West was Lost
However, by 1888 the Assembly was appropriating the entire budget.5
In
leading the Assembly, Haultain slowly became the de facto head of the government of
the North-West Territories.
Each lieutenant-governor came to depend on Haultain’s advice in selecting the
other committee members, and Haultain’s advice was given with an eye towards
building support for his administration. These committee members therefore owed
Haultain their loyalty. By 1897, Haultain had created and groomed a base of support for
his leadership within the Assembly. He was creating a political party in all but name. It
was a ‘court party’, an association of Members of the Legislative Assembly united
behind the lieutenant-governor and his Advisory Council.6
In leading the Assembly,
Haultain exercised real power—power Haultain used to lobby the federal government to
grant the North-West Territories true responsible government. When responsible
government was formally established in 1897, Haultain was the natural choice for the
premiership. He was the only person capable of commanding the support of a majority
in the Assembly. This was in large part due to the absence of political parties in the
Assembly.
By 1903, the Legislative Assembly of the North-West Territories had all the
important powers of a provincial legislature, save one. The Assembly did not control
Crown land; the Department of the Interior did, and the lucrative revenue that came from
its management was deposited in the federal treasury. Prior to the introduction of
provincial income tax in the twentieth century, income generated by Crown land formed
the bulk of provincial revenue. Parliament’s yearly grant-in-aid—designed to
compensate for this lack of revenue—was not growing as quickly as expenditures. A
growing number of homesteaders expected Haultain’s government to provide an array of
services such as roads and schools—services which the Assembly was finding it
increasingly difficult to fund. With Parliament's repeated failure to address the situation
directly, many assemblymen, including Haultain, slowly concluded that the only
solution was provincial autonomy.
The unity of Haultain’s supporters began to fray when he began seeking
provincial autonomy. Despite Haultain’s protestations to the contrary, there was little consensus as to what the autonomy settlement should contain. While westerners saw the
Territorial system of government as a transitional phase, many felt that the north-west
should be divided into multiple provinces. Many also were willing to accept a grant-in-
aid in lieu of control over Crown land. Many of his supporters abandoned Haultain
when it became clear that he was not willing to negotiate with Prime Minister Sir
Wilfrid Laurier. When he broke with his non-partisan stance by campaigning for Robert
Borden in the 1904 federal election, Haultain alienated most of his supporters. This
fractured the government, causing most Liberals to abandon him.
In forming the two original provincial administrations in 1905, Prime Minister
Laurier refused to consider Haultain for the premiership of either province. Laurier
privately admitted that had autonomy been granted in 1903, it would have been difficult
to deny Haultain a premiership because of the high esteem in which he was held. But by
1905, Laurier had found Haultain difficult to negotiate with because he was unwilling
compromise on his position. Haultain even declared that he would have the autonomy
acts tested before the courts if Laurier brought them into force. This infuriated the
Prime Minister. Haultain had already alienated the Territorial Liberals and their leader
George H.V. Bulyea by refusing a federal grant-in-aid and accepting the Honorary
Presidency of the Territorial Conservative Association. When Bulyea withdrew his
support, it became possible for Laurier to brush the Territorial Premier aside and call on
Walter Scott to form the first government of Saskatchewan. This was possible because
Haultain had alienated too many territorial Liberals without building a corresponding
Conservative base.
Haultain continued on after 1905 in the Legislative Assembly of Saskatchewan,
forming the first protest party in Canadian history. The extent to which it was a true
protest party is debatable because it was closely aligned with and would ultimately be
absorbed into the Conservative Party. The Provincial Rights Party was nevertheless an
attempt to continue the “non-partisan” political tradition that Haultain had established
during the 1890s. It failed because Haultain was unable to take advantage of the Liberal
government’s weaknesses. Haultain retired from politics in 1912 and was appointed to
the bench, eventually becoming Chief Justice of Saskatchewan. It was after his
retirement and death in 1942 that Haultain gained a reputation as the elder statesman.
The Yankees basically ALREADY OWN Alberta oil - since it is being piped to Yankee refineries already!
The majority of refineries are located in United States for reasons of "economies of scale' - meaning the BIGGER the refinery
the more efficiently and cheaply it can operate! One man can as easily control the tap for 1000 gallons of oil as for 100,00 gallons!
And - Oil is not much good for your car in its CRUDE STATE - IT MUST be refined!
And oh sure - Alberta COULD build its own refineries but Yankees are already - thanks to Fracking - net EXPORTERS of energy!
So they DO NOT NEED Alberta oil!
And recall that Ottawa is currently in the hands of Our idiot Boy Justin - who has sworn to DESTROY the entire Cdn oil patch!
So ask yourself: "will Alberta BE SAFER if it no longer has any connection to Ottawa?
And also - WOULD ANYBODY IN WASHINGTON even NOTICE of a newly elected Alberta state governor showed up in Washington
to ask for political favours? Can hundreds of "johhny comer lately" - newly minted Yankee - Alberta voters TRUMP many thousands
of Yankee BORN voters?
Province of Alberta is frustrated now - but newly minted State of Alberta WILL BE INVISIBLE!
Even worse - Yankees DO NOT WANT a bunch of Cdn Socialists to start voting in their elections!
And consider if you will - HOW MANY Albertans WILL VOTE to join United States if it MEANS NO CHANGE IN OIL MARKETS
BUT DOES BRING AN END TO CDN HEALTH CARE!
Oil Price War Ends With Historic OPEC+ Deal to Cut Output
Trump negotiated it and of course is being attacked as not enough soon enough, wow
News that deal to cut global oil production has been finalized is welcomed in Canada
Canada not expected to have to cut production because we have been restricting production by 17% for the past 15 months and that we have no international markets due to none but 1 pipeline reaching tidewater.
Mexico refused to cut production and their membership in OPEC maybe over.
SUVs. Usually older gas gobblers. A few Subaru wagons. Has to be fairly big to pack the surfboard in summer and ski gear in winter. Not like any of them can afford a Tesla.
Not paying Fed tax and Equalization will provide boat loads of cash for the jurisdiction
I love that model
Oh CAP! The LITTLE DETAIL you are missing is that you will NEED EVERY PENNY AND MORE to BRIBE a neighboring province
to let you export oil across their land! Have you not noticed how many Yankee super-pac political action groups
WANT THE CDN OIL PATCH DEAD? Simply because it will make THEIR OIL RESOURCES MORE VALUABLE!
The independent Republic of Alberta is a stillborn DEAD POLITICAL CHILD!
'Fraid not bud.
No need to 'bribe' BC - ultimately, they need eastern access and, well, the border line-up at the 1 approved crossing requiring an over night check for each vehicle or rail car would be troublesome.
That said, BC does (currently) rely on Western oil and natural gas for their economy... No problem for them to access oil from Russia or the USA but the cost will be measurably higher and need those pesky terminals to receive and store the incoming product.
The LNG plants proposed for BC will require AB/SK natural gas in addition to BC gas... Lots of jobs in building/operating those plants/pipelines.. Hell, lots of $$ for the BC gvt in royalties from the gas sales - but alas, no AB/SK gas - no LNG plants... Folks in BC aren't idiots (lower mainland excepted), it's the vocal minority that grab the headlines, everyone else are practical people not living in a fantasy world
As far as Western oil goes, the majority goes by pipeline and rail to the USA who upgrade the oil and sell it back to - wait for it - Eastern Canada!
Yep, the Americans will still buy lots of Western oil, mark it up and sell it as eco-friendly oil to Ontario and Que.
In the end, any Western jurisdiction that separates will see an immediate financial bennie in NOT paying Cdn fed taxes and paying even more in equalization.
It's a no-brainer bud, all one needs to do is see the obvious
I think the ultimate goal is to tie into the Mackenzie delta gas wells that are sitting dormant
On what news did the company surge?
Did they release a dividend?... No
Announce news of an actual profit?... No
So, what caused this stock to rise?
Did they release a dividend?... No
Announce news of an actual profit?... No
So, what caused this stock to rise?
What makes you think BC and Saskatchewan won't join the party? It isn't just Alberta that is being treated like a disease by Ottawa.
Credit Suisse thinks the company is better suited for the transition to electric... How many decades that will be is in question, but Tesla will not be around to see that
Here are the important figures in brief:
Key Data
- 52 Week Range 176.99 - 968.99
- Market Cap $120.03B
- P/E Ratio n/a
- EPS $-5.03
- Yield n/a
- Dividend n/a
- Ex-Dividend Date n/a
- Short Interest 19.69M 03/31/20
- % of Float Shorted 13.46%
- Average Volume 20.38M
Negative EPS and a dramatic price swing in in year on no news.
You can make cash playing puts/calls and trying to time the market with buying and shorting, but this security has red flags and sirens blazing written all over it.
Hell, almost 14% of the outstanding stock is in a short position
It's too bad that the lower mainland and Victoria control the destinies of everyone outside their little cocoon.