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Old 10-15-2007, 08:31 PM   #44
edn88
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I will preface my comments about this by saying I work for an Oil and Gas company (in Alberta obviously), so I know where my bread is buttered.

However, it is as an Albertan, a Canadian and an owner of common sense that I make my comments.

Firstly, the royalty review is not as simple as stated in the paper - on either side, the government or oil companies. Oil and gas companies are actually okay with paying more on some of their properties - especially ones where it does not ruin the economics. The royalty review is somewhat flawed, both in the data used to create it and the economics used to evaluate it.

Personally, I believe everyone in the province should educate themselves on the issue as soon as possible, make up their mind and let their MLA know their thoughts. Too much is at stake to risk making a mistake in what could be a multi-billion dollar gamble.

Provinces like BC and Sask are drooling over the prospect of Alberta capital moving into their provinces, even if it is temporary (someone made the point, that at some point the money will com back to drill the gas and oil).

If no one has yet posted the link, here are some links for both sides

http://www.albertaroyaltyreview.ca/
http://encana.com/media/currenttopic...view/index.htm
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