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Originally Posted by Ozy_Flame
My point is that when I see companies like BP and Shell reaping record profits, I question why the royalty regime is loosening. Frankly it comes down to oil companies making $5 billion in profit rather than $7 or 8 billion.
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Oh, heaven forbid someone "profit" *gasp*... what a dirty word.
Goes right along with your brothers socialistic statement.
Quote:
Originally Posted by Muta
.. lopsided imbalance in wealth distribution ...
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Quote:
Also, I find it very coincidental that the Alberta government's surplus shrinks in the face of lower oil prices, and at the same time essentially announce they are backpeddling by reducing royalty rates.
Looks to me like it has just as much to do with bumping up our surplus as it does stimulating our economy through oil developments.
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... ah, yah... you do realize most of the revenue that drives this province is from the O & G industry? So yes, there is a direct correlation between the two.