Quote:
Originally Posted by I-Hate-Hulse
High royalties or not, it'll be lousy commodity pricing that kills production activity in these pricey plays with a vengeance.
Alberta needs a reminder every once in a while that our oil and gas won't last forever. Sure would be nice if we had more of a Heritage Fund for the day when it's all not viable to produce here. There will continue to be higher quality plays with better economics in places other than widely explored Alberta. We'd better get used to it.
|
You can bet when things start to slow down after the government's new royalty scheme starts to take significant cash flow from producers on January 1, that the government will be using your argument - " it wasn't us, it was commodity prices Bla Bla Bla.
BC and Saskatchewan are proving that a fair and reasonable royalty regime does get results. The answer is simple - money flows where it get the best return, and until the Alberta Government wakes up, it's not going to flow here.