NDP Minority Govt in Alberta

[rsaint]

Bottom line we are so screwed any which way it goes.

 

[ZRrrr]

Still have a couple days to stock up on fuel and canned goods......and water to mix with the koolaid.

If you believe a NDP government under Nothead will stop at 2% your are in a dream land. By the way have you renewed your membership to the flat earth society yet?

 

[Keith Brown]

Still have a couple days to stock up on fuel and canned goods......and water to mix with the koolaid.

Don't forget beer. Prohibition iwill be coming back!

 

[bobsledder]

Ya I'm sure we have to compete.

If they can drill and extract oil in those countries where labour is ridiculous cheap and HSE standards are a joke to non-existent and their profit margins would be so much better than they would be and they wouldn't waste their time here with all our rules and reg's. This obviously isn't the case. There is a reason they are in Alberta and it's not a 2% cheaper royalty or cheaper taxes that is attracting them I assure you. No matter what, they will be here so long as there is money to be made.

It's been said a million times already. We have the lowest corporate tax and royalties than anywhere else. We can afford to try and at least bring it up to par and anyone crying about it at the corporate level is just worried they might only be able to afford an 8 million dollar yacht not a 10.

Hmm. Company I work for just did a deal for 70 billion to buy BG to go after reserves in those regions. Meanwhile our oil projects here are on hold and the gas buisness in your central Alberta region is on last days. Think these giants wont put things on hold here and invest elswhere...Give your head a shake.

 

[LBZ]

If you believe a NDP government under Nothead will stop at 2% your are in a dream land. By the way have you renewed your membership to the flat earth society yet?

To be clear. I am not pro NDP and I will never vote for them. I am only pro increase in tax and royalties to bring us up to par.

 

[LBZ]

Hmm. Company I work for just did a deal for 70 billion to buy BG to go after reserves in those regions. Meanwhile our oil projects here are on hold and the gas buisness in your central Alberta region is on last days. Think these giants wont put things on hold here and invest elswhere...Give your head a shake.

If you understood the market you would know why they did that. Shell is fighting for market share in the LNG industry. They are looking 20 years in the future. Shell missed the shale boat and has primarily only been extracting oil. That 70 billion acquisition diversifies them more and puts them ahead of Exxon while getting them into shale and LNG game.

Shell has scaled back on oil everywhere not just Alberta. It's a strategic move to appease shareholders until oil comes back up and they solidify their position in the LNG market.

So again, investment has little to nothing to do with Alberta's tax and royalties but the world market of oil and gas. Never put all your eggs in one basket.

BTW, I never said some companies would not invest elswhere, just that tax and royalties just to bring them up to par aren't enough to drive them out. To think it is is ridiculous.

Also on a side note, I have been involved in drilling gas and light crude wells in central Ab and BC for over 5 years straight now for a few different oil companies and still going. There is lots yet to be gotten.

Again not voting for any of the big 3.

 

[teeroy]

Did you think I was kidding?

Alberta NDP poised for historic breakthrough, new poll suggests - CBC News | Elections Alberta

you're always poking at AB....thought you were just stirring the chit again. my bad. but I voted PC again just in case

 

[aocbiz]

Dude 5 years and your saying you understand the market and are trying to explain it to the rest of us????
Come on???
You should be an investment advisor if you know the market so well.

Then you try to tell us about Shell and Exxon....... Hmmmmm?

If you understood the market you would know why they did that. Shell is fighting for market share in the LNG industry. They are looking 20 years in the future. Shell missed the shale boat and has primarily only been extracting oil. That 70 billion acquisition diversifies them more and puts them ahead of Exxon while getting them into shale and LNG game.

Shell has scaled back on oil everywhere not just Alberta. It's a strategic move to appease shareholders until oil comes back up and they solidify their position in the LNG market.

So again, investment has little to nothing to do with Alberta's tax and royalties but the world market of oil and gas. Never put all your eggs in one basket.

BTW, I never said some companies would not invest elswhere, just that tax and royalties just to bring them up to par aren't enough to drive them out. To think it is is ridiculous.

Also on a side note, I have been involved in drilling gas and light crude wells in central Ab and BC for over 5 years straight now for a few different oil companies and still going. There is lots yet to be gotten.

Again not voting for any of the big 3.

 

[LBZ]

Dude 5 years and your saying you understand the market and are trying to explain it to the rest of us????
Come on???
You should be an investment advisor if you know the market so well.

Then you try to tell us about Shell and Exxon....... Hmmmmm?

Actually been in the industry 15 years bud. Just been working strictly in central Alberta for the past 5 so I have a good feel for how things are going around here. Probably better than you do in Salmon Arm.

I and guys I work with and a couple buddies do little else all day at work but watch the markets, research companies, etc. I'm not new to this.

Here is one article describing the acquisition.

Shell to Buy BG Group for About $70 Billion - WSJ

 

[ZRrrr]

Truck nuts, Bumper Balls, Trucksticles. For the uninitiated, these simulated plastic scrotums are designed to decorate the discerning trailer hitch. Available online for $26.95, they have become ubiquitous in Alberta's oil patch. They are also strangely emblematic of why Alberta is broke. Because in order to wrench resource wealth away from companies who would obviously like to keep those billions for themselves, you need real nuts -- not the store-bought variety.


Alberta kept a mere $4.38 per barrel of oil in 2013. That same year our neighbours in Alaska managed around $38 while Norway raked in over $80. Why has Alberta given away this resource so cheaply? Because we have been led to believe that this is best we can do.


I live in British Columbia and we have fared little better than our Alberta cousins. B.C. is home to some of the most valuable timber in the world. Since 1940, some cubic metres of it has been carted away with a current market value of close to half a trillion dollars. What do we have to show for it?


Canada remains the second richest country in the world based on per capita resource wealth, yet for some reason we can't afford postal delivery. The root of this endemic Canadian problem is fear. Fear that companies will pack up their capital and go elsewhere if we drive a harder bargain or claim more control over this incredible endowment.
Failing to capture reasonable resource rents has other important costs like excessive rates of extraction, enfeebled public oversight and impoverished public institutions. Of course Canadians should have a vigorous debate about what to do with increased resource revenues if we ever made it happen but hopefully everyone can agree that leaving billions on the table is simply foolish.
Negotiating resource rents is no garden party and understandably companies are playing to win. This is particularly true in Canada where some $33 trillion in petroleum and timber are at play. While Canadians are typically unbeatable on the hockey rink, realizing a fair return for our remarkable resource bounty is one game where we have got our clock cleaned since Confederation. The situation in Alberta is so far gone that people are starting to rightly ask where all the money went.


At the risk of additional Norwailing, it is worthwhile noting that Alberta has so far extracted $500 billion more petroleum than Norway, even at today's depressed prices. Yet Norway has $1 trillion saved, an amount that was growing by $1 billion per week before oil prices collapsed. Alberta will be $30 billion in debt by 2020, not counting the moribund Heritage Fund that has not seen any oil revenue since 1987.
Does Norway have a problem attracting investment? Hardly. Even the conservative Fraser Institute has acknowledged this, noting that Norway is the most attractive jurisdiction in the world for oil investment. This is in spite of taxing oil profits close to 80 per cent.


Poised for political change?
But as evidenced by recent remarkable developments, Albertans are growing a pair. After decades of believing that we could do no better than the status quo, voters seem poised to toss out a political dynasty that has squatted over power for forty years.


Of course, the Conservatives and their backers are amping up the fear factor as they look at the stunning poll results.
But it seems that Albertans are fed up with being afraid. The Calgary Herald just published a measured assessment of what an NDP government might mean for the Wild Rose province. After Rachel Notley met with the editorial board, Alberta's largest daily concluded she is not nearly as scary as some vested interests would like you to believe.
Likewise Alberta voters are undergoing the personal transformation of not merely voting for another party but being openly proud of it. As articulated in a fine piece of election reporting by Samantha Power, this psychological sea change seems to be picking up steam across the province.


What are the implications for Canada? Alberta has, in many ways, become the economic and political centre of the country. The free-market tax-cutting worldview that has become such an inarguable failure in Alberta has migrated to Ottawa where the Harper government has slashed government revenue by more than $45 billion per year. Finance Minister Joe Oliver even joked that our grandchildren should be left to deal with enfeebled future finances from his recent budget.


Harper himself has made fear a defining feature of his government, stoking terror about everything from terrorism to a carbon tax. But what if Canadians stopped being scared? What if Canada -- as Norway has so profitably done -- called the bluff of extractive industries that have feasted on our resources? It would have been hard to imagine just a month ago but Alberta may be the pivot point in this national transformation.
A progressive government has not been seen in Edmonton since the days of Peter Lougheed. He and his cabinet courageously went toe-to-toe with powerful oil interests 40 years ago, raising resource rents and creating the iconic Heritage Fund. Capital did not flee, although of course they threatened to. Billions were saved for the benefit of future Albertans, inspiring Norwegians to set up their own oil fund 15 years later.
But somewhere along the way we lost our nerve. Truck nuts replaced real ones while companies carted away the lion's share of the oil wealth. Whether or not the government changes on May 5 remains to be seen but the fact that it's even a possibility shows that Albertans are once again finding their courage. Cast off your plastic bumper balls Alberta -- the whole nation is cheering you on!

 

[ZRrrr]

Read another article that suggested there would be a significant amount of money available to help offset the current fiscal situation if all PC patronage and cronyism positions were eliminated.

Also read that one of the five business men who cried to the masses is chairman of the board of governors for the U of A. Seems his personal fortune is more important than backing a political party that supports higher education. Seems it might be time to rethink who should hold this position.

Big day tomorrow!!

 

[bobsledder]

If you understood the market you would know why they did that. Shell is fighting for market share in the LNG industry. They are looking 20 years in the future. Shell missed the shale boat and has primarily only been extracting oil. That 70 billion acquisition diversifies them more and puts them ahead of Exxon while getting them into shale and LNG game.

Shell has scaled back on oil everywhere not just Alberta. It's a strategic move to appease shareholders until oil comes back up and they solidify their position in the LNG market.

So again, investment has little to nothing to do with Alberta's tax and royalties but the world market of oil and gas. Never put all your eggs in one basket.

BTW, I never said some companies would not invest elswhere, just that tax and royalties just to bring them up to par aren't enough to drive them out. To think it is is ridiculous.

Also on a side note, I have been involved in drilling gas and light crude wells in central Ab and BC for over 5 years straight now for a few different oil companies and still going. There is lots yet to be gotten.

Again not voting for any of the big 3.

Thanks for educating me. 39 years with company and all I had to do was come on Snow and Mudd to learn how the oil and gas buisness works. Who knew!

 

[LBZ]

Thanks for educating me. 39 years with company and all I had to do was come on Snow and Mudd to learn how the oil and gas buisness works. Who knew!

 

[aocbiz]

Thanks for educating me. 39 years with company and all I had to do was come on Snow and Mudd to learn how the oil and gas buisness works. Who knew!

haha that's how I felt!

 

[team dirt]

Ya I'm sure we have to compete.

If they can drill and extract oil in those countries where labour is ridiculous cheap and HSE standards are a joke to non

Canada is just a p!ss in the ocean an money doesn't need to be spent here. Don't kid yourself. Its easy to move fuding.

 

[rzrgade]

All you NDP er`s will...............loose like every other time.............it is just better that way.

 

[LBZ]

I am well aware of the contribution Alberta oil and gas makes to the world market.

You guys are missing my point. The point being made is that people are scared that raising royalties and taxes to par is the only reason companies will no longer invest or drill here anymore. That's BS. If they want to invest elsewhere they will no matter what. Obviously Shell's recent move with BG proves that.

People seem to forget that Lougheed did this twice. And both times corporate cried and people were scared the same thing would happen. But it didn't.

 

[dogsmack]

We call that anal glocoma around here at work. lol

its like my azz I just cant see it


Sent from my iPhone using Tapatalk

 

[team dirt]

I see on the NDP platform they have vowed to protect the castle wilderness area. Say goodbye to camping and quadding in the pass. It will only move north from there.

 

[dogsmack]

Has anyone gone to the NDP site and actually looked at the "resumes" of most of the canidates? My 20 year old son has more life experience than some of those over educated reinvent the wheel do gooders. Is gooders a word?? Don't care lol. Anyway you slice Alberta is in for a serious hurtin as they are all half wits and don't know their arse from page 9.