Quote:
Originally Posted by Red Mile Style
Alberta could pretty much dictate to the oil companies what they want them to do. How much they want them to drill, where, when, they could even tell them that they have to start building an infrastructure for green energies if they wanted to. Alberta has the oil companies by the balls and yet it seems the other way around. Again, royalties are the lowest in the world. Tell me why American oil is worth more than Albertan? I think Alberta could pull some clout, if they wanted to, but I don't think they do.
Again, I am confused.
I don't get it. I just, don't get it.
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I'm not sure if this is serious or sarcastic. I can't tell. But if it is sarcastic, the EUB does regulate all those elements to a far better degree then in the United States.
Special spacing units for whether the well is an oil or a gas well, target restrictions and regulations controlling what substance is produced from the ground in what order are all good examples of how the government controls the oil and gas industry.
If you don't already know any of this, I bet you'd be surprised at how much is actually regulated in Alberta.
And people are concerned about the industry's eventual decline. But, as is disclosed in "1,000 Barrels a Second", forms of energy evolve over time as people manipulate resources to meet their needs.
It wasn't THAT long ago that whale blubber and wax were major forms of energy. Humans manage to evolve their requirement and form of energy over time to match current societal trends and consumptions.
Finally, sometimes wind isn't such a great substitute for energy. When there isn't wind there isn't any energy to be created.
Right now people are addicted to oil and gas, if the demand is there, why would the energy driven economy of Alberta switch?