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Fozzie_DeBear · 04-25-2012, 03:33 PM

I am under the impression that the royalty rates from the Oilsands are scheduled to increase soon (they are 1% until industry gets its capital investment returned...then the royalties increase to 25% I think). I could be off on this...anyone care to validate?

IF that is true and IF industry has made their money back then we are going to get lots of revenue from the Oilsands. As the only revenue to date has been from the indirect economic activity and the token royalty.

04-25-2012, 03:33 PM	#693
Fozzie_DeBear Wucka Wocka Wacka Join Date: Nov 2003 Location: East of the Rockies, West of the Rest Exp:	I am under the impression that the royalty rates from the Oilsands are scheduled to increase soon (they are 1% until industry gets its capital investment returned...then the royalties increase to 25% I think). I could be off on this...anyone care to validate? IF that is true and IF industry has made their money back then we are going to get lots of revenue from the Oilsands. As the only revenue to date has been from the indirect economic activity and the token royalty. __________________ "WHAT HAVE WE EVER DONE TO DESERVE THIS??? WHAT IS WRONG WITH US????" -Oiler Fan "It was a debacle of monumental proportions." -MacT