Quote:
Originally Posted by JD
It's simple business. If it costs less to make the same money somewhere else, EnCana will do it. You'd be naive to think that increased royalty cost won't affect that bottom line on some projects. Those projects won't go forward if EnCana's money works harder for them elsewhere.
So much talk of "greed" and "they're our resources"... companies such as EnCana who were raised in Alberta and employ thousands of Albertans get no sympathy obviously. It's not in vogue to side with greedy big oil.
What will our government do with all that extra cash anyway?? Governments are generally not good with money.... my opinion anyway.
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If they decide it is not feasable now they will be back in a few years when the price increases....so who cares if they don't drill here for a few years....once they can't find anymore, they will be begging to come back. It maybe it is a good thing that they don't drill for a while, saves the resource for a later date....it's not like everything will collapse if they don't invest that money.