I Feel More Secure

[Cannuck]

Nobody is subsidizing the oil industry so they can compete.

Thanks for that. It made my day. Hands down, one of the funniest things I've seen on this forum in quite a while.

Athabasca oil sands - Wikipedia, the free encyclopedia
"Ottawa has avoided direct investment, preferring to improve the investment climate. A prime example of this occurred in 1994, when the federal government rolled out tax breaks allowing 100% of oil sands capital investments to be written off as accelerated capital cost allowances.http://en.wikipedia.org/wiki/Athabasca_oil_sands#cite_note-40 The provincial government had a much more direct role in development; investing directly in numerous pilot projects, undertaking joint ventures with the industry and consistently making massive investments in research and development. Alberta features one of the lowest royalty rates in the world.http://en.wikipedia.org/wiki/Athabasca_oil_sands#cite_note-41"

 

[TenPenny]

Hahaha, yeah that Trudeau bought and created Petro Canada using Canadian taxpayer money in the 1970's alright.
So here we have an oil company owned by Canadians and paid for by Canadians....

But in the 1990's the ever so shrewd Mulroney, tells Canadians they can buy pieces of paper ( called stock certificates ) from their government for $13 showing they own a piece of a company they already own. Of course, the easterners being as gullible as they are, they purchased shares in a company they already owned.. Hahaha!! They just gave the government more money, well I'm glad it was mainly eastern money that went to the Feds. !!!

Yeah, and some people, like myself, made a bundle buying that stock at $13 a share, then selling it later.

 

[darkbeaver]

Unsubsidized oil industry. That's insane.

 

[TenPenny]

Unsubsidized oil industry. That's insane.

An unsubsidized oil industry is definitely a fantasy.