"We don't do business in Alberta."

[First Lady]

Very short clip; but speaks volumes.

http://watch.bnn.ca/squeezeplay/november-2008/squeezeplay-november-19-2008/#clip114116

[Ozy_Flame]

I'd like to know how many companies said that...

[FanIn80]

"...and thus, the popcorn shall flow."

[Ozy_Flame]

Originally Posted by FanIn80

"...and thus, the popcorn shall flow."

Not this time haha...I'll be exiting stage right early on this one...

[burn_this_city]

Whats the story, streaming media is blocked at my work..

[Vulcan]

Well that shows us, in the long run, who's running Alberta and every other government in Canada.

[Bobblehead]

Originally Posted by burn_this_city

Whats the story, streaming media is blocked at my work..

A reporter at an O&G conference who said one company put a red border around Alberta and said as a selling point that they don't do any business in Alberta.

[Flame On]

Originally Posted by Bobblehead

A reporter at an O&G conference who said one company put a red border around Alberta and said as a selling point that they don't do any business in Alberta.

Because of the royalty fees not any green issues just to make that clear. In case it wasn't.

[Kidder]

I, for one, am very dissapointed the Dragon's Den won't be investing in Alberta.

[Red]

This is what happens when you vote in a guy that's appealing because he is just like you, the average Joe farmer.

The guy looks confused and now he acts like it too. We need a smart person to get us through these tough times, not a farmer.

[Flame On]

Originally Posted by fotze

What O & G president was it? Just watched it how can you tell anything from that?

This post is the only reference to the word President on the page. Other than now this one.
Who are you asking?

[The Ditch]

Nobody wants to drill in Alberta they can make more money elsewhere, we're seeing a lot of activity in northern BC, thanks Steady Eddy.

[Tower]

There are many countries just waiting to come in to Alberta to start. Alberta has emensly low taxation unlike middle east locations as an example...

India - most middle class families want cars and they will need oil.

China - they have more people named Chou with cars than our population in Canada and they want oil as well...

No we do not need to bow down and yes we need to raise the rates to World levels. I'll see If I can find that info for you who are interested. IMO this is a complete PR move to cause more panic in a country that is on the verge of "recession" panic.

[First Lady]

Originally Posted by Ozy_Flame

I'd like to know how many companies said that...

Me too.

O'Leary uses the term "some"; indicating more than one and I suspect more than 2, otherwise he would have said "a couple".

I am trying to find a list of who the presenters were that day... no luck so far.

[octothorp]

I don't see it as such a bad thing to slow the O&G investment in the province; it's not like our reserves are going anywhere, and oil prices aren't going anywhere except up for the foreseeable future (until some really incredible alternative fuel comes along). So a little less oil is drilled in Alberta, a little more is drilled elsewhere. At some point, those other reserves will dry up, and those companies will be forced to come back to Alberta and pay whatever price is being asked of them; probably more than they're paying today.

[Cowboy89]

Originally Posted by Tower

There are many countries just waiting to come in to Alberta to start. Alberta has emensly low taxation unlike middle east locations as an example...

India - most middle class families want cars and they will need oil.

China - they have more people named Chou with cars than our population in Canada and they want oil as well...

No we do not need to bow down and yes we need to raise the rates to World levels. I'll see If I can find that info for you who are interested. IMO this is a complete PR move to cause more panic in a country that is on the verge of "recession" panic.

What quality of oil and gas do marginal wells in Alberta produce vs. other world opportunities? What do the well costs to drill here vs. elsewhere? What are the difference in type curves and production rates vs. other opportunities? Can you even give me the general unit of measurement for quality of crude?

If you have to google any of this you don't have an informed opinion on the difference between our oil and gas industry and the world's.

[Tower]

Originally Posted by Cowboy89

If you have to google any of this you don't have an informed opinion on the difference between our oil and gas industry and the world's.

hmmm - your opinion.

And yes I do believe if I do have to google much like anyone else who wants accurate info then do it... "If you have to" make such judgments try to be less prickish about it.

And perhaps my information is not from google. I might just use yahoo!

As well it is common knowledge that oil in the Middle east is better quality but as well more "dangerous/risky/cost safy concern" to get at... Costs vary in all aspects Cowboy. Which from your online stand point seems to point to is that you MUST know. But I digress.

It is true that I'm not an oil boy. It is true that I am not an expert but it is also true that I must know someone who does... And he's pretty f'n smart.

If our oil is currently under contract and countries or companies back out of the contract then does it not make sence that other countries and companies would jump on the oppertunity like previously said countries who are starved for oil? Me thinks yes.

[Cowboy89]

Originally Posted by octothorp

I don't see it as such a bad thing to slow the O&G investment in the province; it's not like our reserves are going anywhere, and oil prices aren't going anywhere except up for the foreseeable future (until some really incredible alternative fuel comes along). So a little less oil is drilled in Alberta, a little more is drilled elsewhere. At some point, those other reserves will dry up, and those companies will be forced to come back to Alberta and pay whatever price is being asked of them; probably more than they're paying today.

2009 and 2010 is the foreseeable future and it sure as hell won't be even close to $150/bbl anytime soon. So no it's not like oil prices can only go up! In a $45/bbl world hiking royalties just makes tough times tougher. Ripping up old agreements compromises business climate and that was exactly what that clip alluded to. Even if prices recovered overnight capital wouldn't return as fast due to the risk of government policy changing on a whim. Had there been no royalty review the low price itself would have slowed development down enough to avoid unsustainable inflation. Just yesterday Alberta's inflation rate was quoted as 2.4 down .2 from the national average. There was never a need for public policy hacks to draft up a royalty increase in the first place. The net result is less government revenue and less business going on. Hurray! congrats idiots! EPIC FAIL no one's better off.

[Thunderball]

There's no surprises there. Companies are naturally afraid of unstable governments. The Stelmach Government is unstable, there's no two ways about it. Its not a Junta, or Dictatorship, or any conventional definition of unstable, but unstable due to incompetence, and lack of fundamental restraint.

I think everyone knew that the Oilsands holiday had to end soon, but to tamper with industry, attack conventional drilling, rip up existing contracts and use the socialist rallying cry of "fair share"... and not even a year later turn around when crap is hitting the fan and take it all away again (because they're losing more money than they can comprehend) says one thing to an outside investor. AVOID.

They're simply saying, we like Alberta, but we'll come back when you take care of that pesky Stelmach problem.

[burn_this_city]

We drew a red circle around the moon today and decided we wont be investing there either.