China Buys Out Albertan Oil Sands Co. Opti Canada for $2.1 BN

Bar Sinister

Executive Branch Member
Jan 17, 2010
8,252
19
38
Edmonton
Oh, you easterners, you always want the government to be involved.
Lean to stand on your own two feet,,eh!!

If you think that the massive tax concessions given to oil companies by the Alberta government are examples of standing on your own two feet then you may have to take another look at how the free enterprise system is supposed to work.
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
21
38
kelowna bc
Everyone has an opinion and here's mine. Being an economic nationalist I stress we need
a national energy policy more than ever. Governments don't need to own the resources they
need to control who owns what and who gets what. For example our country and the world
are going to face some serious tough times and commodity shortages in the next decade.
oil, water, food and gold will be what counts every thing else will be frills. In view of the
fact the WTO Trade Talks produced no results, there is no signed paper to agree to anything.
Therefore we should insist on controlling supply to the world, restricting who can buy into the
oil sands or other resource sectors and there should be a two price system one for Canadians
and another for the world. No agreement, leave the stuff in the ground.
Water, no bulk sales or shipments of any kind with the exception of a mass disaster for people.
All farmland should be restricted and controlled by legislation, but the land should belong to
individual Canadians rather than Government,. Collective Farms never did work and that won't
change.
Food supply, oil and water could be a huge advantage for Canadians and a political lever for us
and a few individuals or corporations should not be able to control the destiny of the nation.
There that should get some discussion going.
 

petros

The Central Scrutinizer
Nov 21, 2008
120,154
14,850
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Low Earth Orbit
I have no issue with this at all. As long as they hire Canadians and don't import foreign workers for these highly paid and often unskilled jobs, I'm good with it. I read an article in The Globe and Mail Report on Business a while back where a Chinese oil exec, maybe with the same company, said they would need Chinese workers. He sounded very cocky, like his Chinese crown corporation was going to push around Canada. Nuts to that.

Being in a rural area, they could train aboriginals for many of these labouring jobs that pay in excess of $20 an hour. These are jobs that should only go to Canadians.
$20 an hour is "big money" to you? Do you really believe you can live up there on on $2100 a month net? After basics necessities that would leave you with $20-$30 a week to blow willy nilly on luxuries like a car, insurance, gasoline, a telephone or food. The remaining pennies could go to your wife and kids to go get some 5 cent spearmint leaves or licororice babies.
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,342
113
Vancouver Island
You obviously have no idea how forests work. That's OK because most employees of the BC Ministry of Deforestation don't know either.

Most loggers will agree with that one. Not a clue about logging.

$20 an hour is "big money" to you? Do you really believe you can live up there on on $2100 a month net? After basics necessities that would leave you with $20-$30 a week to blow willy nilly on luxuries like a car, insurance, gasoline, a telephone or food. The remaining pennies could go to your wife and kids to go get some 5 cent spearmint leaves or licororice babies.

How do you get $2100 a month? Government union hours. $20/hr is $200/day which is at least $4000/mo. After taxes would be a little over $3000 net. Plus OT




With this deal we are one step closer to a pipeline to Kitimat which is a good deal for Canada and especially for BC
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
Everyone has an opinion and here's mine. Being an economic nationalist I stress we need
a national energy policy more than ever. Governments don't need to own the resources they
need to control who owns what and who gets what. For example our country and the world
are going to face some serious tough times and commodity shortages in the next decade.
oil, water, food and gold will be what counts every thing else will be frills. In view of the
fact the WTO Trade Talks produced no results, there is no signed paper to agree to anything.
Therefore we should insist on controlling supply to the world, restricting who can buy into the
oil sands or other resource sectors and there should be a two price system one for Canadians
and another for the world. No agreement, leave the stuff in the ground.
Water, no bulk sales or shipments of any kind with the exception of a mass disaster for people.
All farmland should be restricted and controlled by legislation, but the land should belong to
individual Canadians rather than Government,. Collective Farms never did work and that won't
change.
Food supply, oil and water could be a huge advantage for Canadians and a political lever for us
and a few individuals or corporations should not be able to control the destiny of the nation.
There that should get some discussion going.

I agree with conservation as part of the policy, but there are legitimate investments that can be made for long-term benefit that we should also be thinking about. Solar and wind, even if they have limited capability at present, will become technologies that eventually replace fossil fuels.

We need to reduce our dependency on petrol as soon as possible.
 

petros

The Central Scrutinizer
Nov 21, 2008
120,154
14,850
113
Low Earth Orbit
How do you get $2100 a month? Government union hours. $20/hr is $200/day which is at least $4000/mo. After taxes would be a little over $3000 net. Plus OT
8 x 20 = 160 x 5 = 800 X 4 = 3200 - (30% average taxes) $2240 per month net.

You math is as ****ty as dumpthemonarchy.
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
21
38
kelowna bc
I lived in the north and if someone can live on 20 bucks an hour you are a better man than I am
Gunge Din. In Kelowna 20 an hour doesn't go anywhere either. We need to give our head a
shake. The problem is not how much we make, its how far the money will go. As a society we
have created a hell of a mess and raising prices and wages is not the answer, Getting spending
and the cost of living under control is the answer. Ever since we went to compound interest and
allowed every fool who can write his name to have a credit card, we have been on the road to
the poor house.
When I was a kid, smokes were 35 cents a pack, gasoline was 30 cents a gallon, a bottle of pop
was 10 cents and a case of beer was a whopping 3 dollars. Our wasteful habits and and a
penchant for greed has nearly destroyed us and still we want more for nothing and we get more
it just that the cost of things increase twice as much as the pay increases.
No, its time to take a long hard look at where we are as a group, called Canadians. Merchants
need to take less profit margin, workers need to curb their demands for better everything, and
the banks better start approving and refusing loans based on the merit of each application.
Government had better start living within its means, and I mean all of them. Never mind the party
stuff right now, we have to have an agreement among the Parties as to what we do financially
to get things on track. We best not hold our noses higher than Americans either, if they go under
we will be right behind them.
This is why we have to ensure we have our resources under the control of Canadians to ensure
it is to the benefit of Canadians. I am not against sharing with the world as long as our needs at
home are looked after first and foreign control is not the answer, it just means we get a few dollars
more up front with a big loss at the end.
 

Cliffy

Standing Member
Nov 19, 2008
44,850
193
63
Nakusp, BC
8 x 20 = 160 x 5 = 800 X 4 = 3200 - (30% average taxes) $2240 per month net.

You math is as ****ty as dumpthemonarchy.
When I worked I made $10/hr. Now that I am officially retired I make equivelent to $7.50/hr. I ain't suffering. People need to downgrade their expectations if they are going to survive what is coming.

"OMG, I can't get on the internet or use my cell phone. Life has ended!" Silly buggers. Ya can't eat your SUV.
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
21
38
kelowna bc
Don't forget farmers they work all kinds of crazy hours and they don't end up with 20 bucks an hour.
As for downgrading expectations, well I agree to some extent. All to often the people coming out of
trade schools and high school that think they are entitled to the top wage right off, are unrealistic.
Then there are those who have struggled to gain certificates and have extensive experience in the
work a day world they earned the right to expect more but how much more is the question.
I have a grandson that has finished his electricak and that include business, industrial, and home
installations, he has a crew under him now and is actually satisfied with the wages at present.

I don't expect much out of farming these days, the governments have screwed Canadian farmers
and with the exception of those with supply management, a cheap food policy is going to get a lot
more expensive in the future. Some sectors of the economy are not being paid what they should
get and others are seriously under rewarded and that will have an impact. Today groups like the
nurses, teachers and others in the medical and educational field don't need to take less, they move
to other parts of the world that are paying more and in the long run we lose.

I agree we have to have a national discussion, putting everything on the table and find some solutions
other wise the real solution will hit us, bankruptsy and depression. There is a huge adjustment coming
and coming fast, no Canada will not be saved, we have only delayed the worst for another day.
Therefore we must secure our natural resouces, and maintain control of them in a national policy not a
provincial set of guide lines.
 

DurkaDurka

Internet Lawyer
Mar 15, 2006
10,385
129
63
Toronto
My math is fine.

Who do you know besides government employees only work 8 hrs a day?

Are you being serious? I work in the telcom industry and the only time I exceed 8 hours a day is if there is a crunch to release software, even then that's few and far between.
 

petros

The Central Scrutinizer
Nov 21, 2008
120,154
14,850
113
Low Earth Orbit
My math is fine.
You're way off. Do you think dumpthemonarch is on to something by getting northern native people to give up their other jobs paying $40+ an hour to work for $20 in the oil industry? Why bother when you can go mine gold or uranium for $45-$55an hour.
 

dumpthemonarchy

House Member
Jan 18, 2005
4,235
14
38
Vancouver
www.cynicsunlimited.com
Most loggers will agree with that one. Not a clue about logging.

How do you get $2100 a month? Government union hours. $20/hr is $200/day which is at least $4000/mo. After taxes would be a little over $3000 net. Plus OT

With this deal we are one step closer to a pipeline to Kitimat which is a good deal for Canada and especially for BC

Good point. An obvious point many can't see. $20/hr is around the low end for this sort of work. I'm pretty sure too, that real estate in Alberta is cheaper than in Vancouver.

Manual labour, whether unskilled, semi-skilled or skilled in rural areas should never go to immigrants, especially when we have slacker EI rules for rural areas.
 

Highball

Council Member
Jan 28, 2010
1,170
1
38
Now get set for the real shock. Where will the next group of workers come from? That remains to be determined. I wonder what the unit of their money is worth vs. Canadian?
 

petros

The Central Scrutinizer
Nov 21, 2008
120,154
14,850
113
Low Earth Orbit
Good point. An obvious point many can't see. $20/hr is around the low end for this sort of work. I'm pretty sure too, that real estate in Alberta is cheaper than in Vancouver.
Real estate is marginal in difference. It's over all cost of living and taxation that decides if you live or die on $20 an hour.

Most expensive cities in Canada to buy a home

This has easy 2011 data with several options to wherearound the globe costs the most to least and in which ways. World Map of current Consumer Price Index (CPI)

Then I'm going to post unemployment rates and tear chew out a few lazy assed Canadians for not going where the going is good.

April 2011 Unemployment Rates in Canada by Province | PELTONATOR's

As of July 2011 it's 4.3% unemployment in SK

News Release - June 10, 2011

SASKATCHEWAN UNEMPLOYMENT RATE ONCE AGAIN THE LOWEST IN CANADA
Regina Leading the Way Among Cities
With a seasonally adjusted unemployment rate of 5.0 per cent (well below the national average of 7.4 per cent), Saskatchewan has now had the lowest unemployment rate in Canada for three straight months.
Regina also continues to hold its own among major Canadian cities, with an unemployment rate of 5.4 per cent - the lowest in the country (tied with Hamilton). Regina also saw a year-over-year employment increase of 3,000.
"As Saskatchewan's economy gathers momentum, more and more people are seizing the opportunities our province has to offer," Advanced Education, Employment and Immigration Minister Rob Norris said. "The ability of our people to directly benefit from that growth is a cornerstone of the Saskatchewan Advantage."
There were 535,900 people working in Saskatchewan in May 2011, a year-over-year increase of 2,400 and a record for the month of May.
Noting that six of Canada's nine major economic forecasters are calling on Saskatchewan to lead the nation in growth, Norris expressed optimism that Saskatchewan will remain a place of opportunity for job seekers.
"With the lowest unemployment rate in the country and ever-growing prospects, Saskatchewan continues to be the place to be for skilled workers," Norris said.
Norris added that with almost 9,000 jobs posted today on www.saskjobs.ca, opportunities are available in hundreds of communities across the province.
-30-
For more information, contact:
Christopher Jones-Bonk
Advanced Education, Employment and Immigration
Regina
Phone: 306-798-3106
Email: chris.jones-bonk@gov.sk.ca

Psssssssst


Potash mining pays far more than oil and it's never cold 1.4km under ground.