Alberta is Doomed !!!!!

[russ]

Originally Posted by Fisherpeak

Here is a question.
What does it cost to insure a 10 year old truck in great condition for a year in Alberta? Just basic? No collision.For a driver with a clean record in his 30`s .

The only good thing the NDP did here was ICBC.
I can insure my truck for $900 a year, basic coverage.
I am in my 50`s now but it has been the same for 30 years.

and how much does the supplemental insurance cost to cover the lagging PL & PD?

[rugatika]

Originally Posted by smitty9

Will the good folks at AOF will buy everyone a t-shirt if the thread hits 1000 comments?:

http://www.edmontonjournal.com/Peopl...764/story.html

Back to regular programming. Please, hysterical volcanoes, continue to spew your lava...venting is healthy after all, it avoids a total magma blow-out.

Why does someone else have to buy it for you...just buy it yourself.

[chasingtail]

Originally Posted by Fisherpeak

Here is a question.
What does it cost to insure a 10 year old truck in great condition for a year in Alberta? Just basic? No collision.For a driver with a clean record in his 30`s .

The only good thing the NDP did here was ICBC.
I can insure my truck for $900 a year, basic coverage.
I am in my 50`s now but it has been the same for 30 years.

600 for basic, condition doesn't matter.

[Luxor]

Edit

Not worth it

ignore

[avb3]

Originally Posted by Deer Hunter

Do you think it is good for attracting business when the rules change every time the province needs more revenue? The investments required in this business are not small. Or insensitive to multiple factors. Prices, costs, differentials, geologic risk, market risk, labour, tax incentives, and royalties are some of them.

They just went through a royalty review if you don't recall.

Your history on this forum involves a lot of "pretending" so let's be honest here. mr innocent.

No, my history involves posting a list of factual or interesting issues.

Your welcome to your own opinions, but not your made up facts.

You bet the issues you outlined are real. They are real for every jurisdiction were oil is extracted. After judging those facts, perhaps the outcome is stay the course, and perhaps it is to revise rates.

I don't know that answer, but I have no problem asking the question.

Why would you NOT ask? The last review was done in Stelmach's time. How long and how many premiers ago was that?

Eight years ago is the answer. There is nothing wrong with taking a look at it again at this time.

[The Elkster]

Business is a lot like farmers. They cry poor at every turn and bitch and whine and moan about everything. Trick is knowing when they are telling the truth and when....maybe not so much. If business was willing to play straight and bargain in good faith it'd be far easier to reach reasonable compromise. But businesses mandate is to push push push and if they bleed ya push some more.

I'm confident Notley knows the game having been a union negotiator. If she can balance that with a reasonable business knowledge and willingness to have a dialogue with business and weigh the real numbers then it should work out fine. Nope it will NOT be perfect. Only a simpleton would think any gov't is going to lead to a wonderful utopia. Or a pull a system out of 7 billion in debt with no tax increases LOL

[Nestor]

Sorry, but she's too busy burning down the houses and eating children of the true and real Albertans now.

[rugatika]

Originally Posted by Nestor

Sorry, but she's too busy burning down the houses and eating children of the true and real Albertans now.

I think she's busy coming up with a REAL platform. Probably looking through the PC garbage cans for some ideas.

[The Elkster]

Originally Posted by BlackHeart

And how did they do it???..........sub-prime......who was this program created for?.......the useful idiots.

"Subprime borrowers typically have weakened credit histories and reduced repayment capacity. Subprime loans have a higher risk of default than loans to prime borrowers"

"The thousands of mortgage defaults and foreclosures in the "subprime" housing market (i.e., mortgage holders with poor credit ratings) is the direct result of thirty years of government policy that has forced banks to make bad loans to un-creditworthy borrowers. The policy in question is the 1977 Community Reinvestment Act (CRA), which compels banks to make loans to low-income borrowers and in what the supporters of the Act call "communities of color" that they might not otherwise make based on purely economic criteria.

The original lobbyists for the CRA were the hardcore leftists who supported the Carter administration and were often rewarded for their support with government grants and programs like the CRA that they benefited from. These included various "neighborhood organizations," as they like to call themselves, such as "ACORN" (Association of Community Organizations for Reform Now).

A man named Bruce Marks became quite notorious during the last decade for pressuring banks to earmark literally billions of dollars to his organization, the "Neighborhood Assistance Corporation of America." He once boasted to the New York Times that he had "won" loan commitments totaling $3.8 billion from Bank of America,"

Do your reading Oki.....we both know that socialistic policies distorted the mortgage lending area........with the price of oil hit 140 and the housing bubble bursting......after that it was only a matter of who was going to make a buck and who was going to end up holding the bag...... course the govt and taxpayers were left holding the bag. One big circle. And a lesson on how socialism distorts and destroys the normal market checks and balances.

So in summary......stupid socialist interference equals financial disaster for govt and taxpayer and most.

Come on....this was too easy Oki. Your not as sharp as your normal self.

It was hardly the result of leftist policy. Banks were tripping over themselves finding ways to manipulate appraisals and misrepresent mortgage terms to collect fees and get people locked into mortgages they knew they couldn't afford. Then they packaged all the crumby debt into credit default swaps which where then underwritten by other capitalists that had no capital to cover the guarantees but as long as things didn't crash they made out like bandits on fees. Then when things went tits up they just walked and left tax payers holding the bag. Blackheart you don't have a frickin' clue. Faux news is not factual, I repeat Faux news is not factual.

[hal53]

Originally Posted by Nestor

Sorry, but she's too busy burning down the houses and eating children of the true and real Albertans now.

then you should be safe.......

[Nestor]

Originally Posted by hal53

then you should be safe.......

Certainly. Good news is that probably you and bunch of other, regular members here are safe too. Albertans tend to respect work. They work long and hard. Not sure if spending 10 hours a day, every day on the Internet forum, crying out loud about things you have no influence over qualifies as such.

[The Elkster]

Originally Posted by BlackHeart

And how did they do it???..........sub-prime......who was this program created for?.......the useful idiots.

"Subprime borrowers typically have weakened credit histories and reduced repayment capacity. Subprime loans have a higher risk of default than loans to prime borrowers"

"The thousands of mortgage defaults and foreclosures in the "subprime" housing market (i.e., mortgage holders with poor credit ratings) is the direct result of thirty years of government policy that has forced banks to make bad loans to un-creditworthy borrowers. The policy in question is the 1977 Community Reinvestment Act (CRA), which compels banks to make loans to low-income borrowers and in what the supporters of the Act call "communities of color" that they might not otherwise make based on purely economic criteria.

The original lobbyists for the CRA were the hardcore leftists who supported the Carter administration and were often rewarded for their support with government grants and programs like the CRA that they benefited from. These included various "neighborhood organizations," as they like to call themselves, such as "ACORN" (Association of Community Organizations for Reform Now).

A man named Bruce Marks became quite notorious during the last decade for pressuring banks to earmark literally billions of dollars to his organization, the "Neighborhood Assistance Corporation of America." He once boasted to the New York Times that he had "won" loan commitments totaling $3.8 billion from Bank of America,"

Do your reading Oki.....we both know that socialistic policies distorted the mortgage lending area........with the price of oil hit 140 and the housing bubble bursting......after that it was only a matter of who was going to make a buck and who was going to end up holding the bag...... course the govt and taxpayers were left holding the bag. One big circle. And a lesson on how socialism distorts and destroys the normal market checks and balances.

So in summary......stupid socialist interference equals financial disaster for govt and taxpayer and most.

Come on....this was too easy Oki. Your not as sharp as your normal self.

Double post

[blackpheasant]

Originally Posted by The Elkster

Business is a lot like farmers. They cry poor at every turn and bitch and whine and moan about everything. Trick is knowing when they are telling the truth and when....maybe not so much. If business was willing to play straight and bargain in good faith it'd be far easier to reach reasonable compromise. But businesses mandate is to push push push and if they bleed ya push some more.

I'm confident Notley knows the game having been a union negotiator. If she can balance that with a reasonable business knowledge and willingness to have a dialogue with business and weigh the real numbers then it should work out fine. Nope it will NOT be perfect. Only a simpleton would think any gov't is going to lead to a wonderful utopia. Or a pull a system out of 7 billion in debt with no tax increases LOL

She will do as she's told by "big oil" as it should be....

[Winch101]

Ya ,but what about the Prussian carp . Is it coincidence that they show up
Just when that terrible scourge shows up . I think not .

[hal53]

Originally Posted by Nestor

Certainly. Good news is that probably you and bunch of other, regular members here are safe too. Albertans tend to respect work. They work long and hard. Not sure if spending 10 hours a day, every day on the Internet forum, crying out loud about things you have no influence over qualifies as such.

yup "true" Albertans do........

[rugatika]

Originally Posted by blackpheasant

She will do as she's told by "big oil" as it should be....

I have a vision of her meeting with some hack rep from the oil companies and he's telling her exactly what she's gonna do, and she's just nodding ok. They're probably the one's that told her to take down her platform...they're coming up with one for her now...even as we speak. The great left hope squashed by reality. Maybe the status quo will reign supreme.

Should be interesting times ahead. I'm enjoying it either way.

[The Elkster]

Originally Posted by blackpheasant

She will do as she's told by "big oil" as it should be....

No she will work with them as it should be and everyone has been crying about. Funny how when someone suggest a constructive direction you make an azz hat comment. Funnier still that YOU are the one that's been suggesting we have to bend over in offering to oil companies and that to do otherwise will be the end of the world. How's the view between your legs? haaaaaaaaaaaaaahaha. Hillarious.

No counter to my facts eh. Yeah that was never a right wingnut strong point. I feel for ya.

[BlackHeart]

Originally Posted by The Elkster

It was hardly the result of leftist policy. Banks were tripping over themselves finding ways to manipulate appraisals and misrepresent mortgage terms to collect fees and get people locked into mortgages they knew they couldn't afford. Then they packaged all the crumby debt into credit default swaps which where then underwritten by other capitalists that had no capital to cover the guarantees but as long as things didn't crash they made out like bandits on fees. Then when things went tits up they just walked and left tax payers holding the bag. Blackheart you don't have a frickin' clue. Faux news is not factual, I repeat Faux news is not factual.

And another one goes right over your head.
You know what's funny??.....being argued with by some NDP hack twit that probably flunked McDonalds Training school.

Any letters behind your name??
Do you even know what that question means?
And I'm not referring to the ones in frig magnets, your mommy put.
Nor the ones your parole officer uses to pull your file.

[The Elkster]

Originally Posted by BlackHeart

And another one goes right over your head.
You know what's funny??.....being argued with by some NDP hack twit that probably flunked McDonalds Training school.

Any letters behind your name?? Do you even know what that question means? And I not referring to the ones in frig magnets, your mommy put.
Nor the ones your parole officer uses to pull your file.

And still no factual rebuttal as he storms out and takes his ball home in a tantrum. Another right wingnut tendancy. I feel for ya bud I really do. Settle down, have a drink then screw your head on and you should be oooookay.

Forgot to mention. I'll wait patiently while you go check out the fox news website to find out what you are suppose to say next.

[BlackHeart]

Originally Posted by The Elkster

And still no factual rebuttal as he storms out and takes his ball home in a tantrum. Another right wingnut tendancy. I feel for ya bud I really do. Settle down, have a drink then screw your head on and you should be oooookay.

So I will take that as a NO. Go wash your pizza bob uniform.

[Nestor]

Originally Posted by hal53

yup "true" Albertans do........

Yeah, but only those living in your Mom's basement.

[The Elkster]

Originally Posted by BlackHeart

So I will take that as a NO. Go wash your pizza bob uniform.

More tantrum no facts. Keep looking chump.

[blackpheasant]

Originally Posted by The Elkster

No she will work with them as it should be and everyone has been crying about. Funny how when someone suggest a constructive direction you make an azz hat comment. Funnier still that YOU are the one that's been suggesting we have to bend over in offering to oil companies and that to do otherwise will be the end of the world. How's the view between your legs? haaaaaaaaaaaaaahaha. Hillarious.

No counter to my facts eh. Yeah that was never a right wingnut strong point. I feel for ya.

I learned along time ago not to debate with Zealots

[blackpheasant]

Originally Posted by rugatika

I have a vision of her meeting with some hack rep from the oil companies and he's telling her exactly what she's gonna do, and she's just nodding ok. They're probably the one's that told her to take down her platform...they're coming up with one for her now...even as we speak. The great left hope squashed by reality. Maybe the status quo will reign supreme.

Should be interesting times ahead. I'm enjoying it either way.

X2

Can't wait to see the pics of her new cabinet, should make for some excellent comedy

[Deer Hunter]

Originally Posted by avb3

What's wrong with royalties being low when they cost of production is close to price, and higher when price is high?

After all, this is a declining asset, and we only have so much time to extract it. Albertans need to benefit as much as possible without killing industry. Industry deserves a fair return in investment, as do Albertans.

I support a royalty review based on the above.

You think you have an educated opinion on royalties yet have no idea how they are calculated. Fact.

Maybe you don't really care how they work, but you just want more. More from your government. However you can get it. Entitlement at its finest.

You think that reviewing them every 8 years is prudent. Fact.

Even though companies/shareholders have to make investment decisions based on billion dollar projects with economic lives of up to 30 years.

Originally Posted by avb3

No, my history involves posting a list of factual or interesting issues.

In your own eyes.

Originally Posted by avb3

Your welcome to your own opinions, but not your made up facts.

You're welcome to continue to pretend that you know what you are talking about.


Anyways.
Here is a government that needs more. More revenue. Yet the easy way is just to raise taxes and royalties. Push it down on the people and corporations. Quick fix brought to you by the ndp and avb.

The same ndp groups also are against oil and gas pipelines.

Whereas in 2013, an estimated 20 billion dollars was lost by energy companies due to high oil price differentials. Essentially, because there is a lack of market diversity for crude, we get paid what the americans want to pay, minus transportation on stretched capacity oil pipelines. No choice. Or put it on a train.

Why wouldn't the govt invest in pipelines as a way to add value to the oil revenue, thus creating more revenue to themselves via royalty volumes and corp taxes??

I'll tell you why. Because historically govts are run by people who, although they maybe great people, have absolutely no business sense or desire to learn any.

Tax away. Rather than add value to this economy.

Case in point. AIMCO.

Alberta Investment Management Corporation (AIMCo) is one of Canada's largest and most diversified institutional investment fund managers, with an investment portfolio of approximately $75 billion. Headquartered in Edmonton, Alberta, AIMCo manages the assets of 27 clients, a diverse set of public sector pensions, endowments and government funds. Alberta Investment Management Corporation is responsible for the management of the assets of the Alberta Heritage Savings Trust Fund (AHSTF),[4] which was created in 1976 by Premier Peter Lougheed[5]:10 by the Alberta Heritage Savings Trust Fund Act with three objectives, "to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans.[6]

This is the govt's heritage fund in action.
Not one single investment in oil and gas pipelines in Alberta/Canada. They would rather own a highway in Chile than improve the business that created the fund in the first place. Why? Because even though what we have is the eny of the world, some think the grass is greener. Go live in Chile.

http://www.aimco.alberta.ca/What-We-Do/Global-Operator

[The Elkster]

Originally Posted by blackpheasant

I learned along time ago not to debate with Zealots

More like you learned not to debate with someone that will kick your azz. Hillarious. Hillllllllllllllarious

Hey blackpeasant how about a comment on right wings payouts for our outgoing friends. 3.5 months per year! Really! And no comment about the sky falling or the robbing of your pocket or how you work 26 hrs a day to make ends meet! You are off your game dude. Hillarious.

[The Elkster]

...or should I say 6 month for every year. Not really the truth but hey if it works for fox news it should work here right. LOLOL

[The Elkster]

Originally Posted by hal53

yup "true" Albertans do........

Yup and they multi-task on AO discussion boards too Must be a tough life. LOL

[BlackHeart]

Originally Posted by The Elkster

More like you learned not to debate with someone that will kick your azz. Hillarious. Hillllllllllllllarious
:

My bet is you won't come out from your mom's basement, if he showed up for that azz kicking.

[The Elkster]

Originally Posted by BlackHeart

My bet is you won't come out from your mom's basement, if he showed up for that azz kicking.

Ooooo big words for a little man. Naaa na na na naaaaaaaaa na.

Really that is your reasoned response. Buddy you are classic Get a brain and some independent thought then get back to me.