Third place might be enough for Harper to gain another majority because he'll pull an AB - NDP move and come right up the middle in a lot of ridings. Mulcair and Trudeau are good enough candidates to split a lot of votes.
Why do I get the feeling that if oil prices remain low for the next 3-5 years, and a lot of people lose their jobs in Alberta, 20 years from now it will all be blamed on the provincial NDP government?
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
Why do I get the feeling that if oil prices remain low for the next 3-5 years, and a lot of people lose their jobs in Alberta, 20 years from now it will all be blamed on the provincial NDP government?
The reason you get that feeling is because you know that people are friggin stupid and that is precisely what will happen.
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Well despite the low oil prices some companies in Alberta are doing well and that could really end with a bone headed royalty review.
So basically they aren't doing well, they're just scraping by due to horrible mismanagement/coffer lining, and a minor royalty increase will send their poor budgeting and forecasts into a tailspin, resulting in no cutbacks for executives and a mass layoff of field workers?
So basically they aren't doing well, they're just scraping by due to horrible mismanagement/coffer lining, and a minor royalty increase will send their poor budgeting and forecasts into a tailspin, resulting in no cutbacks for executives and a mass layoff of field workers?
Sounds about right
It's pretty basic math, doesn't take much managerial skill. For any given well or field, there will be work and even managerial work if it is profitable. If it isn't, the company will look at other wells and deploy to those. Royalty rates and even royalty uncertainty play into where the work goes.
And the original comment seems to imply that the NEP was not the cause of mass Alberta oil layoffs, but in fact it was, the industry shut down almost overnight when that policy was implemented.
The old man focused his rheumy, grey eyes at the impudent young coward seated across from him. Through the smoke and ash of the fire, he growled furiously
"Aye, ye don't ken what I be tellin' yah." He dismissively waved his hand towards the group of chuckling men and took a long pull from his jug. "Ye were piglets, sucklin' from yer ma's teat when Trudeau rode in with his EHN-EEE-PEE and cut off Adam Smith's hand at the wrist."
He squinted harshly at the night sky, stars whirling overhead, mixed through the miasma of cinder and smoke. Whether the tears tattooing lines in his haggard face were from ash or sadness, none could tell.
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Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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Why do I get the feeling that if oil prices remain low for the next 3-5 years, and a lot of people lose their jobs in Alberta, 20 years from now it will all be blamed on the provincial NDP government?
Why do I get the feeling that the NDP will introduce legislation harmful to business and job creation, rack up huge provincial debt, and will do do anything to avoid taking any responsibility?
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Why do I get the feeling that the NDP will introduce legislation harmful to business and job creation, rack up huge provincial debt, and will do do anything to avoid taking any responsibility?
Because you're some kind of wacky Libertarian?
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Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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^ Sorry, the correct answer was, "because it's what they do". Or possibly a recounting of the story of the scorpion and the frog, I guess, if you're going with that awesome italics mode of posting from here on in.
__________________ "The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
^ Sorry, the correct answer was, "because it's what they do". Or possibly a recounting of the story of the scorpion and the frog, I guess, if you're going with that awesome italics mode of posting from here on in.
Well, since you claim to be a numbers and stats guy...
Spoiler!
oops.
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I've lived here all my life and if there's one thing I've learned about the energy industry it's that it's never their fault. When times are booming it's because of their tireless work and innovation, and when the global prices plummet there's always a handy villain on-hand to blame the downturn on. Anything to protect fragile psyches from the reality that their livelihoods depend on a commodity subject to wild and dramatic swings in values that they have control over.
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Quote:
Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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