Quote:
Originally Posted by Bunk
OK, so what would you do? Just status quo? Ride it out?
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Primum non nocere. Do nothing at first and ride it out, bolstering government revenue is probably the last thing I would consider. Notley didn't add a sales tax because it was not the right time in the midst of a huge recession.
Consider borrowing with sub 1% bond rates and start tackling the orphan wells. At least you could keep some jobs going and probably clean it up for as cheap as ever will be possible.
Public sector unions should probably give up dreaming about any increases at least in 2020/21.
Implement a sales tax when oil goes above $55 for a sustained period, >6 months, but something small that ramps up to 8% including GST.