Quote:
Originally Posted by fotze
Prior to the changes the break-even point was ~$7/GJ for many companies. This would just move that number up somewhat.
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If these rates get implemented not only will it help cause small gas companies to go bankrupt, but it will be harder for new companies to get investment dollars for their enterprises when the prices come around anytime in the next ten years or so. The investment community will put an additional 'risk-premium' on Alberta as they are not sure how stable our politics are.
In my personal opinion, whenever you here phrases like
'Fair share' being bandied about in any serious political discussion vote for the opposite viewpoint in the next election. It indicates a shift in the government's or the general publics focus from growing the economic pie to trying to artificially distribute it. It artificially stunts current growth and deepens the bust that would naturally follow as well.
While many argue the virtue about 'slowing down so we can catch-up' they fail to understand that we've already slowed down naturally on both the oil sands and the gas front. Costs are high for both sectors but the oil price hasn't risen as much as costs and gas prices have actually gone the other way. Many people in this province have been duped into thinking that somehow as a whole Alberta is worse off due to 'growing pains.' This is absolutely absurd. Every possible economic metric available indicates that on all accounts Albertans are collectively much better off than any period before. The opportunities available now are unprecidented.
Yes there will be stories of individual people in specific jobs that didn't see 'as much of an increase' as others, or who have a more difficult time affording things because costs are up, but that's why the province already collects a heavy chunk of royalty revenues. If you're not seeing evidence of this in the services you recieve then why not take the government to task for what they're doing with the money they already do get(Considering that they're spending more than twice the amount most other provinces are spending per head I would imagine a lot is being squandered). Failing that, no ones stopping anyone from seeking work that pays more (Which is in abundance).