Quote:
Originally Posted by polak
Oil companies will stay competitive regardless of the royalties. What will happen is the end of sky high salaries for people in Oil and Gas vs. same positions outside of O&G.
That will, of course, be offset by the benefits of the province not going broke every decade or so.
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Canadian oil companies are barely competitive now. I'd wager that its more likely that the province goes broke once oil production stops increasing, as capital goes to other provinces and US plays instead.