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Old 01-29-2016, 12:19 PM   #1083
Handsome B. Wonderful
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Join Date: Dec 2010
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Quote:
Originally Posted by Resurrection View Post
There's a lot more to royalties than just price of oil. what if the cost of pulling oil out of the ground suddenly changes for AB? what if the technology makes it much, much cheaper?

How about if the government decides to slash taxes for business? or greatly increase them?

I don't think you're considering the full picture.
If a new technology came along that made things much, much cheaper, it wouldn't do a thing for all the existing extraction in the province. Those facilities are already built and in operation.

The only way costs could suddenly drop is if wages began to be drastically reduced. At that point, things would already be dire in the province

I don't think you understand the full picture. Your naive ideologies have no place here.
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