Quote:
Originally Posted by Locke
Fair enough. I would agree with that.
In previous threads I've stated, and still believe, that as Albertans we're doing this all ass-backwards.
We really could have used a more NDP model 10 years ago when money was being made hand over fist, but right now we need a more 'business-oriented' model in order to stop some of the bleeding. We are hemorrhaging red ink here.
I think that sticks in people's craw a little bit because theres an attitude that the businesses 'got theirs' already and now its 'our turn.'
But I totally agree, its about finding the optimal blend between public and private sectors that we can make work. Its not one or the other we need both.
The problem is that the NDP have effectively gone PC just in the opposite direction and at the worst possible time.
The PCs were too heavily focused on the private sector, the NDP are too heavily focused on the public sector, but what drives people crazy at the moment, myself included, is that the NDP are spending tons and tons of money and heavily favouring the public sector not only at a time when we really dont have the money for it but they are also actively doing it at the expense of the health of the private sector.
And thats something that crazy people do.
To characterize it: its racking up a huge debt load while simultaneously doing damage to your ability to earn the money to pay it back.
Thats crazy and incredibly short-sighted.
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This is where you and I will respectfully disagree. I think the best time to do a review like this is when the market has tanked and none of us are making any capital deployment decisions anyways. An NDP royalty review at $100 oil would terrify me. At $30US WTI i'm much more comfortable with the process being fair to the industry over the longer-term.