ABMax24
Active VIP Member
Quite frankly Albertan's get screwed on what we could make from oil and gas royalties. The royalties are on a sliding scale, so the lower the price of oil goes the lower the royalty rates are, its no wonder the American oil companies selling oil to the US are opposed to the reduction in oil output that started today. The lower they can keep the price of oil by overproducing the more their US divisions make because they pay less royalties and corporate taxes in Alberta and Canada. Once the oil gets to a US refinery it is then sold at full price for a huge profit.