How did a dying industry manage to hit all time records for production in Dec of 2020?
It all collapsed in the past 7 months?
It all collapsed in the past 7 months?
Erin O'Toole Under Fire
- Thread starter Nick Danger
- Start date
Production and profits are what they are, I'm looking at it from the perspecitve that maybe Albertans should see some return on Alberta resources, not have to watch their slice of the pie shrink while the profits head elsewhere.
Quebec also gives tax incentives to businesses which, in turn, reduces their revenue and allows them to increase their portion of the equalization money. So B.C., Alberta & Sask, to their detriment, are paying for those tax incentives albeit indirectly and Quebec is laughing all the way to the bank. Agreements that Quebec gets from the Feds have been turned down by those same Feds for Alberta & Saskatchewan. So ya, the West continues to get screwed.
Going back to the "building a house" reference. What happens after building the house? 25 years of mortgage payments. When do you realize the equity and how do you get there? Will there be ups and downs? Will it need repairs? Renovations? More investment to finish the basement? A hot tub here, a gazebo there? Some landscaping perhaps? Some children to fill it? Is that still not growth and gain? It's ludicrous to think it's dead.
So you are pro equalization reform then? That will never happen under the Liberals.
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In this case I'm "pro" seeing Albertans get a fair return on what are technically publically owned resources. It stinks of corporate greed and government pandering that these companies can claim "record production" and climbing profits and at the same time driving down wages and job opportunities. Are you against the working man getting ahead ?
In a stunning turnaround, oilpatch profitability 'has probably never been better'
There used to be a time when the corporate equation held management, shareholders, employees and suppliers in equal esteem. There was some concern to see that everybody was treated fairly and was able to benefit from the relationship. Then a guy named Milton Freidman wrote a little essay that changed the world. The essay was titled "The Social Responsibility of Business is to Increase Its Profits" and was first published in the New York Times in 1970. It signaled the onset of Neo-Liberal economics, and while hailed as a breakthrough at the time, earning Freidman a Nobel Prize, it is now seen as square one of a social decline that has given us an unsustainable accumulation of wealth in the hands of a very, very few, a rotting environment, and a world starkly divided along political and economic lines.
Milton Friedman On The Social Responsibility of Business, 50 Years Later
This is not a plea for an end to capitalism, more a plea for the pre-Freidman form of capitalism where employees where not just numbers in a ledger, but part of a team, and employers were a part of a society that prospered as a whole.
Milton Friedman On The Social Responsibility of Business, 50 Years Later
This is not a plea for an end to capitalism, more a plea for the pre-Freidman form of capitalism where employees where not just numbers in a ledger, but part of a team, and employers were a part of a society that prospered as a whole.
Of course and it is not going to until or unless there is a major shakeup of confederation . As thing’s presently stand Canada is screwed .
Problems in Canada stem from bureaucratic greed , not corporate greed . Our bureaucracy eats fifty percent of the average mans pay and the only ones getting ahead are government employees .
Corporate Greed? Major League Baseball is really fucking greedy but then again so is lawn guy and his Corporation.
Even Avon ladies have incorporated if they earn more the $20K a year.
Give your head a shake.
Goes back to pretty much when we were conned into confederation. And got screwed worse than any Indian band ever did.
All the result of anti west politicians in Ottawa. Fact is TM should have been pumping oil 10 years ago if turdOWE and his ilk had just stayed out of the way instead of deliberately putting up roadblocks. This anti west attitude is what has caused our economic woes.
The problem with that is government policies that make cutting costs the main activity of companies.
In truth, the problem is company policies that service the companies only, that have the support of government. Right now, companies are the problem and government is the enabler.
Yabbut...politicians run on votes, and there are lots of votes that would just as soon see the oilsands whither and die. They may not be particulalry well-informed, but they still get a vote. There is still an important place in Canada's economy for a thriving oil and gas sector for a few decades at least, but we can't ignore the mounting pressure from the environmental lobby, nor can we expect the government to step in and prop up an industry that can't stand on its own. What a lot of people don't want to look at is that perhaps the biggest obstacle to Canadian O&G interests is American O&G interests. I agree that the TMX is an essential part to the survival of the Canadian oil industry, but it is what it is. You don't get to steamroller over concerns of stakeholders, not without consequences.
Note to ponder: Should the west separate, would First Nations still have a voice that would be listened to ?
Government and it’s bloated bureaucracy is the problem . Companies would employ more at better wages if they weren’t wasting so many resources jumping through government hoops .
The biggest obstacle the oil and gas sector face is once again government and it’s bloated bureaucracy. And why are those people not well informed when we have a government crown corporation to inform the populace ?
No Indian Act , something else will be enacted . Hopefully title over their land and self determination.
Any experience with First Nations will bode well for BHP in the Ring of Fire. Transportation corridor has been announced. Believe chromite is driving the development with comparable resource estimates to the Sudbury basin where they mentioned $400 billion has already been mined. That is a lot of nickel.
Thought at the time (2012 /13) BHP was buying a lot of farm land anywhere near Jansen / Leroy / Lanigan. Big enough company to be able to be patient is their advantage.