Quote:
Originally Posted by Knalus
Not quite. Stelmach and the royalties issue did more for BC and Saskatchewan's oil and gas industries than anything their governments ever did.
Comparing Alberta's resources to other jurisdictions needs to take into account the quality of the resources, and the costs it takes to make a barrel here vs. there.
Not all oil resources are created equal, and Alberta has been blessed with a resource that takes a lot more work to get out of the ground than those other jurisdictions. The combination of effort and profit is what makes our industry so great, but so fragile.
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So what you appear to be saying is that since the Alberta conventional oil is so hard to get out of the ground, we need to subsidize the industry with lower royalty rates? This explains why there were so many billions given to the oil industry in 2009-2011.
http://www.energy.alberta.ca/Org/pdf...enuesGraph.pdf