Quote:
Originally Posted by OldDutch
It has to become obvious to even the most hard core ideologue that Oil isn't a golden cow anymore. Sure even a year ago some people were rubbing their hands thinking the Oil companies while down were still doing very well.
If she has seen what she has, and ignores it to juice a down and out industry, she can enjoy losing the province. The fallout would all but ensure the NDP will go back to the Edmonton party.
Although I think she started out idealistic, I think even she has seen the light. My guess is it actually reduces royalties at the low end and cranks at the higher end.
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I agree with the bolded. The question is how much of the upside does this increase eat and at what point does it occur. If it eliminates the upside benefit too much it kills investment.