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Look at the Oil industry in Alberta. Look at the impact that Stelmach's Brilliant ( ) increase in royalties have impacted the oil industry in Alberta. Look at how much they have slowed and how much investment has been moved elsewhere.. such as Saskatchewan.
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Well I'm pretty sure that since the new royalty structure was implemented oil sands production has never been higher so I don't know what your point is.
Besides that, the laughable 'debate' about the new royalty scheme shows just how pervasive oil company interests are with Alberta citizens. If you believe that the people of Alberta own the oil and gas underneath the ground than the royalty structure in 2007 was a terrible deal for Albertans. Cuts to corporate income taxes in the early 2000s gave oil companies a combined share of 14 percentage points of rents that they would have not received if the 1997 royalty structure was still in use in 2007.
That means billions of dollars were being transferred away from the people and toward private (multinational) firms. 14 percentage points! Yeah, right, that new royalty structure sure has screwed you, teh regular joe-average Albertan...
Seriously, wake up and smell the coffee
http://www.statcan.ca/english/confer...plourde-en.ppt