Quote:
Originally Posted by username
OPEC is not the problem.
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Okay, our high production costs vs. Conventional.
Either way, a $40 barrell means we're toast. Regardless of the 2 percentage point corporate tax increase or the royalty review which has been very cooperative with the patch or a carbon levy that a) doesn't kick in for years b) targets the consumer, not the producers and c) is similar to legislation that is being rolled out in almost every province.
Fact of the matter is, this is exactly what everyone knew would happen after the election. Oil would plummet, the NDP would be left holding the bag and gets called out for either not following election promises or for delivering at a bad time. No win situation.
At least people who get laid off get to blame someone else for the patch troubles. It's everyone but the patches fault that the entire industry was ill prepared for an inevitable bust.