Quote:
Originally Posted by Flame On
It's their company yes. But the resources they're profiting from are Albertans at large. The profits are not big enough for the rest of Albertans according to the Auditor General and others.
Who said anything about problems?
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Yes indeed very true, however those who are pro-oil patch on here are not arguing over wheather the province has the right to charge more, but rather that it is not eocnomically prudent long-term or short term to do so. Many of those who are staunch anti-oil company on here are not even contesting any economic arguements at face value but rather revert to the old: 'They'll be back', 'The're screwing us,' 'Hospitals won't be built,' 'Fair-share' arguement. Funny thing is that this sounds a lot like when the federal government dragged oil executives in front of a committee to defend what they charging at the pumps. Jack Layton pronounced how that current prices were "unacceptable and pure gouging." One executive remarked back and asked him "okay what is a fair price at the pump that generates a reasonable profit without gouging the consumer?" His response was "Well not what you're charging now." In other words he had no idea and simply was self-interested in paying less, regardless of whether oil companies got any return at all on their capital invested (Which BTW free capital investment is the backbone of all prosperity in the western world).