How come not Albertans ....

[Winch101]

How come we are not millionairs in Alberta ....oh ya we have the Feds
And all our oil is owned by Americans



http://www.huffingtonpost.ca/2014/01...n_4576887.html

[calgarychef]

Because we give the oil away in exchange for jobs instead of actually using our resources to build wealth for all. The oil companies make lots though and I'm sure they will bail us out (not) when things get bad.

[CNP]

Just another media shot to stir up the masses.

The last I heard, AB is not a country.........we finance a country.

[Matt L.]

I'm beginning to think that Winch is an employee of the Huff.

[Badgerbadger]

Misuse of the Heritage Trust Fund. It would be at around $150billion, if the original rules had not been eliminated.

http://www.winnipegfreepress.com/opi...196658761.html

[great white whaler]

And its only going to get worst,,,,when the oil is gone `,,,with all the land in alberta we should be stock piling a little oil.

[jungleboy]

Playing devils advocate a little here . just how long would you have to be living in Alberta in order to be considered eligible to partake in the billions it would take to make us "millionaires" ..6 months? 6 yrs? 60 yrs? I am guessing that can of worms would keep politicians busy till the province was bankrupt anyway

[riden]

There was a thread on this already.

Pretty hard to compare Alberta to a socialist country with perhaps, the worlds highest taxation level.

[marxman]

Originally Posted by Winch101

How come we are not millionairs in Alberta ....oh ya we have the Feds
And all our oil is owned by Americans



http://www.huffingtonpost.ca/2014/01...n_4576887.html

You need to declare alberta as a nation royalties incoming direct to pur laine albertans.

[elkhunter11]

Because we give the oil away in exchange for jobs instead of actually using our resources to build wealth for all. The oil companies make lots though and I'm sure they will bail us out (not) when things get bad.

Saskatchewan refused to let the big companies develop the oilsands, so they came to Alberta instead. What benefits are the residents of Saskatchewan receiving for their oilsands reserves?

[Don Andersen]

It is worthwhile to examine how the socialist government of Alaska divided up the spoils from oil revenue.
Seems like 'mericans have damn little trouble seeking decent revenues from the oily companies.

Don

[hal53]

Originally Posted by Don Andersen

It is worthwhile to examine how the socialist government of Alaska divided up the spoils from oil revenue.
Seems like 'mericans have damn little trouble seeking decent revenues from the oily companies.

Don

sigh...never mind...sheesh!!!!

[bcwrencher]

I think that the oil companies do get a really sweet deal for operating in Alberta as compared to other places on earth. Instead of higher royalties, there should be a government mandate requiring more refining capability in AB so we can make more profit off of the resource than just sending it down a pipeline to texas. The government should get involved in that as a partner, and take a cut, and fix healthcare in this province, imo

[blackpheasant]

This thread reminds me of when Slow Ed was Premier and rolled out the "our fair share program" and raised royalties and then no one got there fair share lol

The only time we came close to getting "our fair share" was when Ralphie was Premier and sent out checks to all Albertans then got shut down because the majority apparently thought it was a bad idea...that was in the days of smaller government, surpluses and 0 debt

If your living in Norway you have 0 chance of becoming a millionaire it doesn't happen there, living in Alberta the sky is the limit for those so inclined, many thousands of hard working people do it every year in this Province, its kinda disturbing to listen to people complain about the royalty structure in Alberta when we have the lowest taxes in Canada, if you don't like it here go home...or if you hate oil companies that bad quit using there products

PS...the article says the fund equates to 1 million crowns per person in Norway which translates into $177,000.00 Canadian dollars, money they will never see anyways

[blackpheasant]

Originally Posted by bcwrencher

I think that the oil companies do get a really sweet deal for operating in Alberta as compared to other places on earth. Instead of higher royalties, there should be a government mandate requiring more refining capability in AB so we can make more profit off of the resource than just sending it down a pipeline to texas. The government should get involved in that as a partner, and take a cut, and fix healthcare in this province, imo

May I suggest you get yourself informed before making such a misinformed post...

PS...government as a partner never has a happy ending especially with this current bunch of buffoons

[bcwrencher]

Originally Posted by blackpheasant

May I suggest you get yourself informed before making such a misinformed post...

PS...government as a partner never has a happy ending especially with this current bunch of buffoons

All I know is, the health care system in AB where I live is pretty bad. There's lots of money here also. We should be able to fix it somehow, being Canada's main economic engine. If that means a little higher taxes so I don't have to wait a month to see a family doctor, I'm willing to pay that. I know that sounds communist right? Why shouldn't the oil companies that employ so many of us help to develop some of these services, so they can then attract and retain quality people?

[riden]

This is a legit question, that I am curious about.

People always talk about royalty rates and how low our royalty rates are in AB. But to an oil company, royalty rates are just one aspect of their overall operating expenses.

Wages in the AB oil industry are really high (highest in North America??). Taxation is high and our environmental laws also increase the cost to doing business here.

So my question is: is there any relationship between royalty rates and overall expenses? Do countries/regions that have higher royalty rates have comparable wages/expenses?

[sjd]

A real interesting study would be to see who will get more per barrel of oil from Statoil - State oil company of Norway, owned by Norway's citizens - from development of Statoil's Alberta oilsands projects south of Fort Mac.

For those projects, I'm pretty sure it would show the renters (Statoil) will get the lions share and the owners (Albertans) are getting peanuts.

Its not socialist to expect fair dollar for your resources. Its good business.

How many of you property landlords on this board let your renters tell you what the rent should be, or set the rates at 30% below the market because your renter threatens to leave (even though there's a hundred more wanting the place). That's how Alberta sets oil royalties.

Its got nothing to do with your politics or left wing right wing. Norway are good fiscal managers, while in Alberta we've had a weak, heavily-corporate influenced government that's settled for the scraps (that's been enough to keep as fat and happy) while the big money has slipped through our fingers.

[15031970]

X1000^^^^^^^^^^^^^^^

[fishtank]

Originally Posted by sjd

A real interesting study would be to see who will get more per barrel of oil from Statoil - State oil company of Norway, owned by Norway's citizens - from development of Statoil's Alberta oilsands projects south of Fort Mac.

For those projects, I'm pretty sure it would show the renters (Statoil) will get the lions share and the owners (Albertans) are getting peanuts.

Its not socialist to expect fair dollar for your resources. Its good business.

How many of you property landlords on this board let your renters tell you what the rent should be, or set the rates at 30% below the market because your renter threatens to leave (even though there's a hundred more wanting the place). That's how Alberta sets oil royalties.

Its got nothing to do with your politics or left wing right wing. Norway are good fiscal managers, while in Alberta we've had a weak, heavily-corporate influenced government that's settled for the scraps (that's been enough to keep as fat and happy) while the big money has slipped through our fingers.

x2

[greylynx]

Anyone know what the "cost of capital" or "net present value" on an investment means?