Alberta is Doomed !!!!!

[Redfrog]

"I am not some clueless college student", If you were, you could be an NDP MLA.

[edmhunter]

Originally Posted by Nester

Nester, you don't have to worry about everyone panicking, you only have to worry about the people with money that panic, and they are

[avb3]

Originally Posted by Deer Hunter

This is the problem. People think they know the business and haven't the slightest... There is a sliding scale on conventional oil and gas royalties already.

http://www.energy.alberta.ca/Org/pdfs/ARFOilGraphs.pdf

But you still support a royalty review I guess...,.

Your right, most people, including myself, were not aware of the chart that you showed. So obviously oil companies currently are paying a lot less. The question becomes is it reasonable to look at the rate of acceleration, or the top end.

I don't even pretend to know that answer, but I have no problem revisiting the question.

Why would you have a problem with that?

[edmhunter]

A lot of folks are singing this song today.

https://www.youtube.com/watch?v=fH3mE5crzLI

[Deer Hunter]

Originally Posted by avb3

Your right, most people, including myself, were not aware of the chart that you showed. So obviously oil companies currently are paying a lot less. The question becomes is it reasonable to look at the rate of acceleration, or the top end.

I don't even pretend to know that answer, but I have no problem revisiting the question.

Why would you have a problem with that?

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.

[Rabbit Snarer]

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.

"Pretending"? Industry and the PC's have been screwing the public blind for years. Oil and gas can go to Iran and the clear cutters to Siberia and everyone will be happy! You are hilarious.

[Redfrog]

Originally Posted by Rabbit Snarer

"Pretending"? Industry and the PC's have been screwing the public blind for years. Oil and gas can go to Iran and the clear cutters to Siberia and everyone will be happy! You are hilarious.

I agree and you could live in a box by the river eating gubmint cheese. Oh wait no box, the pulp industry would be gone to Siberia. So just living in your cheese wrappers down by the bay, nope wait no cheese wrappers the oil and gas will be in Iran. And likely no cheese cause there won't be money to pay for it.

[2quiet]

Originally Posted by Sneeze

What do you do for a living Elkster?

Originally Posted by BlackHeart

Mr.Lube or Jiffy Lube??

Close. I'm thinking gas jockey. That's why he is so in love with Notley. Just looking forward to a jump in minimum wage.

I've said it before and I'll say it again. Most people are just plain stupid.

I don't know if I get to claim to be the first, but one of my companies just inked a deal in Saskatchewan today. That's 4 Albertans laid off as a direct result of this election. They will be replaced with Saskatchewan residents next week. I have claimed Alberta as my home for several years now and will try to maintain that, but I own four of those evil corporations that socialist hate so much. One is already gone and two more will be leaving as soon as I can arrange it. I will not wait until my companies are floating belly up to react. I know I'm not alone and people with a lot more money than me that employ a lot more people than me are making moves to do the same. Anyone denying that the economy is not in trouble are delusional. I am proof right here right now. 4 jobs gone with a tax loss to the province around 70-90k. That doesn't include the total income out of the local economies. I'm not done and I'm not alone. Sad sad day for the province.

[Dacotensis]

Originally Posted by lmtada

There are solutions.

https://www.youtube.com/watch?featur...&v=8FpYC_TGm6M

Worth the 20 minutes out of my life.

I don't question that Alberta needs a new deal.
It's as though we are renters in our own province. And we all know there's no money in being a renter.

[Nestor]

Because nobody got laid off in the oil industry before NDP took over.

[Rabbit Snarer]

Originally Posted by Redfrog

I agree and you could live in a box by the river eating gubmint cheese. Oh wait no box, the pulp industry would be gone to Siberia. So just living in your cheese wrappers down by the bay, nope wait no cheese wrappers the oil and gas will be in Iran. And likely no cheese cause there won't be money to pay for it.

Happy happy happy to take my chances. Anything too break the dictatorship and start over is good good good! and all your whining and all Pompasses men can't put it together again.

[Okotokian]

Originally Posted by 2quiet

Close. I'm thinking gas jockey. That's why he is so in love with Notley. Just looking forward to a jump in minimum wage.

I've said it before and I'll say it again. Most people are just plain stupid.

I don't know if I get to claim to be the first, but one of my companies just inked a deal in Saskatchewan today. That's 4 Albertans laid off as a direct result of this election. They will be replaced with Saskatchewan residents next week.
.

So you put down someone for being a "gas jockey" and voting in their own self interest to get a $3 raise, but as soon as the polls close you boot 4 good employees out of work and hightail it because you think you MIGHT make more money elsewhere. And you're proud of it. I'll hand it to you, you're a piece of work.

[rugatika]

Originally Posted by Okotokian

So you put down someone for being a "gas jockey" and voting in their own self interest to get a $3 raise, but as soon as the polls close you boot 4 good employees out of work and hightail it because you think you MIGHT make more money elsewhere. And you're proud of it. I'll hand it to you, you're a piece of work.

Maybe he just saved 4 jobs Oko. Different people are getting them, but there are still 4 jobs that apparently, in his opinion were at risk of being lost due to the regime change here in Alberta.

Owning a business means making tough decisions. You don't just sit at the kitchen table and watch the money rolling into the bank account. Not everyone understands that.

[2quiet]

Originally Posted by Okotokian

So you put down someone for being a "gas jockey" and voting in their own self interest to get a $3 raise, but as soon as the polls close you boot 4 good employees out of work and hightail it because you think you MIGHT make more money elsewhere. And you're proud of it. I'll hand it to you, you're a piece of work.

No proud in there at all. I don't want to do it but I know what is coming. I was born in BC and have seen it and lived it. I was fortunate that my first job out of high school paid more than most people ever make in their lives. I don't think I can make more in Saskatchewan, I am just not willing to lose what I have built here. The storm is coming and I'm boarding up the windows is all.

I actually don't need to work or run these companies at all. I could retire comfortably on what I have but you know the saying; the more you get the more you want. I am very much a conservative thinker and I believe socialism sucks. I'm not willing to lose the wealth I've built to those unwilling to do it themselves. To stay here and give away money I have earned just doesn't make any sense. You can call me any names you want. I got a real good head start in life that few get and I've turned that into plenty more. To lose what I've worked this long for is stupid and I won't do it. I really don't care what your opinion is. I won't be told what to do with my money by the NDP or you.

Again, this is a direct result of the election. The money leaving this province is going to be huge.

[Okotokian]

Originally Posted by rugatika

Maybe he just saved 4 jobs Oko. Different people are getting them, but there are still 4 jobs that apparently, in his opinion were at risk of being lost due to the regime change here in Alberta.

Owning a business means making tough decisions. You don't just sit at the kitchen table and watch the money rolling into the bank account. Not everyone understands that.

He can move them anywhere he wants. His hypocritical comment about others seemingly voting in their own self interest is what gets me. He'll throw four people out of work in the belief he may make more elsewhere. Though frankly I think he's blowing smoke in saying he already signed a contract the day after the election that is directly due to the election results. I'm not enamourd with the NDP win, but I'll stick it out. Heck, I hope they are successful.

[rugatika]

Originally Posted by Okotokian

He can move them anywhere he wants. His hypocritical comment about others seemingly voting in their own self interest is what gets me. He'll throw four people out of work in the belief he may make more elsewhere. Though frankly I think he's blowing smoke in saying he already signed a contract the day after the election that is directly due to the election results. I'm not enamourd with the NDP win, but I'll stick it out. Heck, I hope they are successful.

I have no problem with people voting in their own self interest. What gets me is people voting to steal from other people just because they work harder...(yes I realize it's how our progressive tax system already works) It's unethical. And why should the government dictate how much money one person has to pay another? Let the market decide.

I'm not planning on leaving the province, but I have lived under an NDP government and I don't fault anyone for trying to protect their assets from one.

My boss already hinted at moving the company I work for back to Saskatchewan because of this election win. I'm pretty sure he was kidding. I think.

[2quiet]

Oko you have said before you work for someone else. I don't expect you to understand this but any successful business owner and he will tell you that he is always working on ways to streamline, expand or otherwise better his business. You are right that business deals don't generally happen overnight. As soon as the polls indicated a potential nightmare I went to work making contacts. The agreement was in place last week but I was waiting for the election result to make up my mind. I have adopted Alberta as my home and will maintain my address here. I can ride out whatever happens there as I have no mortgage. My capital however is always in motion and is definitely not up for grabs.

I do hope your job and everyone else's is secure. I know for a fact not everones is but I absolutely wish no ill will on anyone. I don't even want to see the mindless halfwits that voted for candidates they couldn't name or recognize suffer. Well kind of I do but good honest people are going to suffer too. It's sad really. Again, be mad at me if you want but I'm getting out before I lose. That's just smart economics.

[Okotokian]

Originally Posted by rugatika

And why should the government dictate how much money one person has to pay another? Let the market decide.

Can't agree with you there Ruga. I support laws for minimum wage, overtime, hours of work, etc. Hey, if it's work or starve I guess I'll sign on for a dollar an hour, but that's not my idea of the perfect society, going back to 1932.

[edmhunter]

Originally Posted by rugatika

I have no problem with people voting in their own self interest. What gets me is people voting to steal from other people just because they work harder...(yes I realize it's how our progressive tax system already works) It's unethical. And why should the government dictate how much money one person has to pay another? Let the market decide.

I'm not planning on leaving the province, but I have lived under an NDP government and I don't fault anyone for trying to protect their assets from one.

My boss already hinted at moving the company I work for back to Saskatchewan because of this election win. I'm pretty sure he was kidding. I think.

Comrade Rugs! You are out of SETP!!!!!! There will be no more independent thinking in this State, get back in STEP!!! 1,2,3,4......1,2,3,4......1,2,3,4.....etc.....

[rugatika]

Originally Posted by Okotokian

Can't agree with you there Ruga. I support laws for minimum wage, overtime, hours of work, etc. Hey, if it's work or starve I guess I'll sign on for a dollar an hour, but that's not my idea of the perfect society, going back to 1932.

There is no perfect society, and if there's one lesson anybody should learn is that nobody has done more harm to the poor than the left has chasing the "perfect" society.

[Okotokian]

Originally Posted by rugatika

nobody has done more harm to the poor than the left has chasing the "perfect" society.

I dunno... The Wall Street banker boys tanking the economy in 2008 did a pretty good job of shaking down the government for hundreds of billions in "support" and making millions suffer world-wide.

[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.

[2quiet]

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.

Now there is a businessman making lemonade. I guess the NDP are doing positive things for the economy. I will do my part as an Albertans and buy one.

[BlackHeart]

Originally Posted by Okotokian

His hypocritical comment about others seemingly voting in their own self interest is what gets me.

We all vote in our own or our children's best interest. But its the length of vision that is most important. I am sure you understand what I am saying on this point.

Unfortunately in this election, there are too many people with too short a vision to realize that what goodies they get today will cause a lot of cavities tomorrow.

[Matt_H]

Originally Posted by lmtada

There are solutions.

https://www.youtube.com/watch?featur...&v=8FpYC_TGm6M

Originally Posted by Dacotensis

Worth the 20 minutes out of my life.

I don't question that Alberta needs a new deal.
It's as though we are renters in our own province. And we all know there's no money in being a renter.

Thanks Imtada. This should be watched by everyone in this province, next door as well.

[rugatika]

Originally Posted by 2quiet

Now there is a businessman making lemonade. I guess the NDP are doing positive things for the economy. I will do my part as an Albertans and buy one.

She's actually an NDP and greens voter and is donating the money to the Stollery Hospital. Good for her. BUT, if she was really a believer in NDP policy, I think the money should be going to the government...who knows best how to dole out charity.

I might buy one...I like to support the Stollery myself...and it's a good memento of a hilarious chapter in Alberta history.

[russ]

Originally Posted by mich

The risk is people sitting on their wallets and creating the recession that we all fear.

People "sit on their wallets" because they're not sure they're gonna get a paycheck. It's called fiscal conservatism, a novel concept to fans of orange.

[BlackHeart]

Originally Posted by Okotokian

I dunno... The Wall Street banker boys tanking the economy in 2008 did a pretty good job of shaking down the government for hundreds of billions in "support" and making millions suffer world-wide.

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.

[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.

[edmhunter]

Originally Posted by lmtada

There are solutions.

https://www.youtube.com/watch?featur...&v=8FpYC_TGm6M

Wow, quite the presentation! I think he made a lot of great points for sure, like where else is there to go for one????

Thanks for the link.