Quote:
Originally Posted by Flash Walken
Norway taxes energy industry profits at 80%.
Alberta's royalty rates are downright generous in comparison, let alone 'competitive'.
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Norway also directly invests approximately 75% of all costs involved in oil exploration and production.
Are you suggesting Alberta should spend somewhere in the neighborhood of 40-50 billion dollars per year in oil and gas exploration to increase our take?
If we are going to compare apples and oranges...
Capital flows where it is the most competitive, especially in this global economy, and pretending that Alberta doesn't have to take steps to retain a competitive petroleum economy when pitted against global projects is probably the most ridiculous assertion in this thread.