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Old 10-25-2007, 06:14 PM   #31
vodafone_b
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Join Date: Sep 2007
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I think this could be the start of a recession.
People need to understand how the royalty system works. I've heard people saying, the O&G belongs to the Albertans, we want our share of money.. raise royalties now..

Okay.. with a rise in royalty, do you really think the extra money going to the government now, will end up in your pocket? Seriously? You really think the government will just cut you a cheque and there's your share of the royalty? How can some people be so naive.. you really want more money to go to the government? (who knows how they going to spend this, probably just more funding for their big fat pensions) Do people understand O&G companies spend big money here, to invest in equipments/plants and creating jobs, in order to earn big money?? Do Albertans understand that the wealth the O&G comapnies are making, are actually creating wealth for the rest of us too?

Alberta can be seen as the not so profitable place anymore for many of the big oil and gas companies. And I am really upset over this government, especially Ed. How can this guy be our premier? I wonder if he understands the industry at all, and I wonder how he will sleep at night when many people loses their jobs in the future because of this really short-sighted decision for a temporary gain. The government may have won now, but we will see who really won this battle couple of years after when Alberta spiral towards a recession.
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