Alberta to have $11.6 Billion surplus

[SeeGeeWhy]

Originally Posted by McMack

The province needs to start directing some heavy money towards reducing the carbon footprint of the tar sands. It doesn't matter whether you believe in global warming or not. If voters in Ontario decide to implement a carbon tax system, it will cost our province dearly. And I'm pretty confident that Eastern voters would have no problem supporting a tax regime that results in tax money being redirected from Alberta to Ottawa.

The oil and gas industry is the #1 investor in environmental spending, which would include CO2 emission reduction.

http://www.capp.ca/raw.asp?x=1&dt=NTV&e=PDF&dn=107232

The government does not need to spend a damn dime to reduce our carbon footprint. The North American Carbon Credit Exchange opened in Montreal this year, which is creating a market and thus a real price for the product.

Lets say a field like Redwater can capture an incremental of 100 Million Barrels of oil by injection of liquefied CO2. ARC will be damn sure to make a deal with whatever local coal fired power plant/paper mill to buy their CO2 and do so. Hell, they'll probably even spend $1B+ on a pipeline to get it to their field.

If the government wants to do anything about reducing carbon footprint, they will accelerate the incentive to buy CO2 by implementing greater fines for emitting a tonne of CO2. To do this would not require very much of the windfall surplus.

Trust me, a market for CO2 is being created in Alberta, and it is going to be VERY big.

To add to my wish list, some investment around protection of our water resources would be nice.

[Flames in 07]

Originally Posted by Slava

This is such bunk....no one in Alberta pays fifty percent tax or anywhere near it. The full highest tax rate is 39% here. I think that this tax freedom day must include CPP/OAS, EI and things like that...

You may ... well would be surprised to find out all the ways you are taxed. There is a huge gap between how much you think you are taxed, and how much you ARE taxed.

[Gozer]

Originally Posted by Traditional_Ale

Whoa man, I totally didn't deserve a diss like that. Maybe theres been a miscommunication?

As I understand it, you implied that art is a by-product of life. And I said that under the circumstances, life happened to be a by-product of art (because thats all they had to live for at that point).

Better?

Didn't mean to be rude, I just don't agree with that assessment.

[Tron_fdc]

I was watching a show on CNN regarding oil speculators (kinda like housing speculators) where corporations (or governments) buy up supply, wait for the price of oil to go up, and then re-sell it. The panel seemed convinced that this is what the recent price spikes are from, and if they could somehow punt out the speculators the price of oil would drop. Well good luck with that.

Now this kinda got me thinking....why not join 'em? Take about a billion dollars, buy up some Oil, wait 6 months and re-sell it? It seems to me that it might be a good way to continue to capitalize on our resources. Of course the risk is that the price of oil drops and we lose money, but does anyone actually think that long term oil will ever go back to $70/bbl?