Quote:
Originally Posted by truth14
Ding Ding Ding.
That's exactly what is happening.
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Actually, no... I'll agree that it's too early to make any conclusions about the royalty review... however, BC surpassing Alberta has at least as much (or more) to do with weakness in Alberta exploration activity as it does in new developments in BC.
e.g.
Alberta's numbers, by contrast, have collapsed. The province, which is at war with its oil industry over a 20% average increase in royalties effective in 2009, collected $673-million this year from the sale of conventional oil and gas rights, down from $1.47-billion last year, and $650-million from the sale of oilsands rights, down from $1.96-billion last year.
That's a pretty major decline. Not the best time bring in a new royalty structure.