Quote:
Originally Posted by Fozzie_DeBear
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.
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2010/2011 was the first year that the majority of resource revenues came from Oil sands.
Man I wish photobucket wouldn't scale down the picture. If you can't read it, green is oil, blue is gas, yellow is oil sands (synthetic crude) and red is other resource revenue.