Quote:
Originally Posted by First Lady
Yes, it is a good analogy. It should be noted that no one is saying there should not be any change to the Royalty regime; just that the current proposal is too much, too quickly.
The solution is somewhere in the middle.
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And that's exactly what I think we will see from Stelmach. There is too much support for the royalty increase to do nothing and too much outcry against it to implement the reviews recommendations.
The royalties will be going up and that is a much needed increase (think past this year to 20 years down the road). But they won't be going up by the overly large figure that the review specifies.
Oil & Gas is a growth industry (in that the price will only go up on average). Unless all of humanity switches energy sources in the next 20 years, Alberta's economy will remain strong. Ensuring that a decent slice of that industry's profits go to public use is something most Albertan's I know agree with.