Quote:
Originally Posted by rubecube
Well the thing with Norway is that they set-up a crown corporation that automatically gets access to I believe it's 50% of their resources before they auction off the rest, most if not all of which they pump into a national heritage fund. Unfortunately I think we might be too far down the road to go that route, and it would also never fly in a province with Alberta's historical political leanings.
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Agreed a National Energy company would never fly, at this stage. But I think the playing field could be leveled across all provinces with a national royalty program. Said royalty program could also mandate percentage of revenue that goes to provincial slush funds, scaled to commodity price.
<$40/barrel - keep the lights on
$40-50/barrel - small percentage of revenues to fund
$50-60/barrel - slightly larger percentage of revenues to fund.
etc...
Alberta can be used as a good example that provinces are not likely to manage these revenues well themselves.