Quote:
Originally Posted by Agamemnon
Well... the crazy thing to me was that we usually get what... 7-9 billion in oil royalties, and now we're forcasting under a billion in 2 years? Hopefully they're just being ultra-conservative in their estimations...
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Non renewable resource revenues are expected to fall from 14.3 billion to 7.8 billion in 09-10.
Royalties from convention crude production are pegged to fall below 1 billion...maybe thats what you heard.
Where we're screwed (eventually) is the biggest part of royalties comes from gas, by a lot. The end of the line for that gravy train is approaching fast - maybe 5 years.