Yes our industry could have been alot different if the had not found leduc 1,2, and 3 in 47', but we still had the oil and would have found it eventually. it would be nice to have that easy leduc money now
Should the province of Alberta share it's oil profits?
- Thread starter In Between Man
- Start date
I did the same thing for a year. I moved into my van and just travelled. It was great fun but I didn't have anyone to blame for being broke except myself.
Wherever did you get your information from?? It's certainly not even close to being accurate.
Please give us your source
Should the province of Alberta share it's oil profits?
No! They should use more of the profits to clean up the bloody mess the tar sands are making.
No! They should use more of the profits to clean up the bloody mess the tar sands are making.
What subsidy? You can't be subsidized if you give out more than you take back, if Alberta seperated they could take it out of the extra 27 billion a year to look after clean up costs.
They're going to be cleaning it up long after the oil is gone - and that means all the downstream damage too.
Nobody likes Alberta anymore. Share more money! We took in a huge chunk of Alberta's welfare recipients and mentally ill... Guess how much that is costing us?! You guys have too much money!!! Gimme! Gimme! Gimme!:angryfire:
Big deal, since the boom started we got three times as many nuts, druggies and bums back(east and west). This province has grown by over a million people in the last ten years and it's expensive to put the infrastructure in place. I went through Calgary on my way to the mountains last week, and despite me having been there dozens of times, and even living there for a time, I could'nt find my way out of town it's grown so much.
You guys got more crazies now, huh? Well...... I stand corrected. You guys should probably start putting some money aside so you can start locking up wackos. Whatever you do, don't let them out free to roam. That's what we did over here. Not only that, but we actually trusted severely mentally ill people to remember to take their meds. Turns out they like illicit drugs better. City/towns growing too fast? Tell me about it! Same over here! I can't breathe!!!!! There are stranger's breathing down my neck. Total serious! :angry3:8O
Well...I guess Alberta's not so bad......If Alberta were it's own country, and Cascadia its own....I think an Alliance would be in order....
A couple of points.
Alberta has oil, gas and lots of heavy oil.
BC has a little oil, no heavy oil, lots of gas, huge potential for unconventional gas.
Sask has a little gas, oil and lots of heavy oil.
Manitoba has a little oil.
Yukon and NWT( whatever its called now) have lots of gas, a little oil(so far), no heavy oil and huge potential exploratory oil and gas.
Quebec has a little developed unconventional gas, huge potential unconventional gas.
Ontario has a little oil, and a little gas (under Erie).
Nova Scotia has offshore gas.
Newf has offshore oil, a little offshore gas.
I probably missed some but that's a fair bit of our hydrocarbon locations.
Hydrocarbons, like minerals, coal, lumber, fish, agricultural products, and all other natural resources belong to the people of the province they reside on, or under.
Not the Federal Government.
Alberta already contributes by far more per capita into the federal tax pool than any other province.
Ontario contributes more in absolute figures because of the vastly larger scale of its economy. So far anyway.
The Federal Government does not subsidise the hydrocarbon extraction industry in any way, never has. In fact it taxes the hell out of it.
The NDP just think it should be taxed harder so they call that difference a "giveaway or subsidy".
If you want to find out what a subsidy really is look up the history of Bombardier, Air Canada and the Ontario auto manufacturers.
We are not running out of hydrocarbons in the sense that tomorrow the world goes dark.
It is a finite resource and we are depleting it.
To replace it we have to look harder and spend more to find it in more difficult to extract locations.
Alberta has not sold all its hydrocarbons to the dreaded Americans on the cheap.
Alberta auctions off the right to explore for hydrocarbons in given areas.
Thus they sell the right to look for hydrocarbons to the highest bidder.
You, me or the guy down the street can get into the action if your pockets are deep enough.
If you actually hit oil or gas the provincial government and federal government then take turns taxing the hell out of you.
The major oil companies come from all over the world but several of the biggest players are from Alberta.
Shell=Holland
BP=UK
Total=French
ENI=Italy
CNOC=China
ONGC=India
Exxon=USA
Talisman, CNRL, Encana,Nexen=Canadian
and so on and so forth.
Alberta isn't going to share more of its hydrocarbon revenues with other provinces any
more than Quebec is going to give up its Hydro revenue, Ontario give up the profits from its automotive industry, PEI give away its potatoes or BC give away its oceans and harbours. That train of logic just does not fly.
We could however nationalize everything like Hugo in Venezuela however that would be the end of Canada as we know it.
Alberta has oil, gas and lots of heavy oil.
BC has a little oil, no heavy oil, lots of gas, huge potential for unconventional gas.
Sask has a little gas, oil and lots of heavy oil.
Manitoba has a little oil.
Yukon and NWT( whatever its called now) have lots of gas, a little oil(so far), no heavy oil and huge potential exploratory oil and gas.
Quebec has a little developed unconventional gas, huge potential unconventional gas.
Ontario has a little oil, and a little gas (under Erie).
Nova Scotia has offshore gas.
Newf has offshore oil, a little offshore gas.
I probably missed some but that's a fair bit of our hydrocarbon locations.
Hydrocarbons, like minerals, coal, lumber, fish, agricultural products, and all other natural resources belong to the people of the province they reside on, or under.
Not the Federal Government.
Alberta already contributes by far more per capita into the federal tax pool than any other province.
Ontario contributes more in absolute figures because of the vastly larger scale of its economy. So far anyway.
The Federal Government does not subsidise the hydrocarbon extraction industry in any way, never has. In fact it taxes the hell out of it.
The NDP just think it should be taxed harder so they call that difference a "giveaway or subsidy".
If you want to find out what a subsidy really is look up the history of Bombardier, Air Canada and the Ontario auto manufacturers.
We are not running out of hydrocarbons in the sense that tomorrow the world goes dark.
It is a finite resource and we are depleting it.
To replace it we have to look harder and spend more to find it in more difficult to extract locations.
Alberta has not sold all its hydrocarbons to the dreaded Americans on the cheap.
Alberta auctions off the right to explore for hydrocarbons in given areas.
Thus they sell the right to look for hydrocarbons to the highest bidder.
You, me or the guy down the street can get into the action if your pockets are deep enough.
If you actually hit oil or gas the provincial government and federal government then take turns taxing the hell out of you.
The major oil companies come from all over the world but several of the biggest players are from Alberta.
Shell=Holland
BP=UK
Total=French
ENI=Italy
CNOC=China
ONGC=India
Exxon=USA
Talisman, CNRL, Encana,Nexen=Canadian
and so on and so forth.
Alberta isn't going to share more of its hydrocarbon revenues with other provinces any
more than Quebec is going to give up its Hydro revenue, Ontario give up the profits from its automotive industry, PEI give away its potatoes or BC give away its oceans and harbours. That train of logic just does not fly.
We could however nationalize everything like Hugo in Venezuela however that would be the end of Canada as we know it.
Hey....nationalize the oil.... that's pretty good..... I like that....take whatever Alberta has.... for the good of the nation! Maybe we should nationalize other things...... Hmmmmmmm:idea:
Alberta should give British Columbia some money from oil sales, cuz we're so awesome, and they should be grateful that they live next to us.
They should also share with Saskatchewan, cuz they're the poorest province, and they are right next to the richest province. And that's not fair. What ever happened to brotherly/neighbourly love?
I dare a reply.
"Its oil profits" is an oxymoron. As the owner of a natural resource, Alberta gets an rent from oil. Where there is no risky investment, and one that Alberta was not comfortable to make, profit is not a relevant concept.
Alberta should give British Columbia some money from oil sales, cuz we're so awesome, and they should be grateful that they live next to us.
They should also share with Saskatchewan, cuz they're the poorest province, and they are right next to the richest province. And that's not fair. What ever happened to brotherly/neighbourly love?
I dare a reply.
Oh Alley, you are simply in fine form today. lol....'cuz we're so awsome'! :lol:
Actually, having family in Saskatchewan, I do hear a lot about how the province is doing which lately seems to be not too bad. Ron updated me on a few facts awhile back too. Sure their potash sales tanked, but that will be temporary. They do have oil and gas revenues now.
Brotherly/neighborly has nothing to do with sharing profits from a province's resources, they already do that in the form of taxes paid to the feds.
In the infamous words of that old french queen....'let them eat cake!' LOL!
