Quote:
Originally Posted by WilsonFourTwo
I've always seen that as a bogus argument used to support lower royalty rates. The pie is, was and will always be the same size.
The REAL differences that comes from an increased royalty rate......the rate in which the resources get exploited, and the dollars brought in for the resource.
And no, I don't advocate killing the oil patch......but I also don't see the need to give up all the resources as quickly as possible.
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How is the pie the same size? When projects are cancelled due to economics? This is the same drunken philosphy of the Stelmach gang that don't realize theres other places you can get oil from. We became less competitive than almost every other region in the world. We pump the most expensive barrel of oil. This isnt Saudi where it costs $2 a barrel to bring the oil to market. The amount of initial investment required to get our barrel to market is more than anywhere else in the world.