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Originally Posted by FLAMESRULE
^ That article sounds like a stereotypical red-necked Albertan. The environment MUST be protected and its both government, citizens, and industries job to do that. I have no problem with the government saying that there are certain areas of the province that you simply can not drill in. Take a look at ANWR in Alaska.
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No question, there needs to be balance.
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The Mackenzie Pipeline is an ENORMOUS project. Its not something you can push through in a matter of a couple weeks, or months. Its hard enough dealing with landowners and indians on getting a single MSL let alone thousands of kms of big dia. pipe.
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This is
year 38 or is it 39 of review and assessment. Companies have sunk billions of dollars into exploration with the "faint hope" it will go ahead.
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The fact is that Stelmach royally (pardon the pun) screwed up the royalty framework in AB and that is what the issue is. I really do think that AB was in for some serious pain in 2009 anyways without the massive drop in oil prices. That just compounds the problem.
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The industry was already on down swing in 2006-07 the PC's administered 3 blows to the O & G sector. The royalties were just the last one and the one that garnered the most publicity.