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Old 10-10-2019, 03:55 PM   #1641
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What is the significance of the firing of the Real Estate Council? What work do they complete?

They babysit realtors and mortgage agents, kick out the scummy ones, make everybody do continuing education. And as far as I can tell rewrite perfectly good sale contracts every year. If you ever need to know how to not get sued just go to a RECA class.
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Old 10-10-2019, 04:11 PM   #1642
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Does film and tech generate huge royalties for the province?

While those might be great industries (I have my doubts about film) there is huge money for the province in both royalties and taxes when it comes to O&G.
Alberta's film industry at a standstill on production, filmmakers say
https://www.cbc.ca/news/canada/edmon...oney-1.5297725

Huge investment in jeopardy due to lack of support for Alberta's film industry
https://calgary.ctvnews.ca/huge-inve...stry-1.4589027

Because of this uncertainty, jobs and revenue could be leaving the province at time when absolutely ZERO jobs and revenue should be leaving for any reason. Industries that actually have the potential to thrive in this province, RIGHT NOW, should be a high priority. They need to be. We can't afford to start letting these revenue generators leave because the UCP isn't taking them as seriously as they should be.
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Old 10-10-2019, 04:28 PM   #1643
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So, how about the O+G industry takes care of their own PR, like...every other company in every other industry has to do? O+G firms have deep pockets. This government propaganda centre is just an expensive mouthpiece for big corporations, and I just don't think 'defending' the industry's image online will get us any closer to pipelines being built.
Simple, Natural Resources (ie O&G) are owned by the people of the province. Since we get royalties from allowing private companies to develop our resources, the elected representation of the owner (provincial government) of these resources should be advocating whats in the best interest of those assets. Its the same reason you can justify the state intervening with curtailment, and still be for a free market development of said resources. As the owners we are looking to maximize the return on our assets.
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Old 10-10-2019, 04:37 PM   #1644
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Simple, Natural Resources (ie O&G) are owned by the people of the province. Since we get royalties from allowing private companies to develop our resources, the elected representation of the owner (provincial government) of these resources should be advocating whats in the best interest of those assets. Its the same reason you can justify the state intervening with curtailment, and still be for a free market development of said resources. As the owners we are looking to maximize the return on our assets.
We are - but at the expense / ignorance of other industries is not a wise long-term strategy. I'm pro O+G, but the world is changing, and we're still looking backwards yearning for the good ol' days in order to try and move forward. Maybe it's time we start seeing dollar signs in other industries and opportunities? The first step is installing a business climate that makes it as easy and guaranteed as possible for these emerging industries. Diversification is the key to this province's future, as much as people need to be dragged kicking and screaming along the way on this.
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Old 10-10-2019, 05:57 PM   #1645
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We are - but at the expense / ignorance of other industries is not a wise long-term strategy. I'm pro O+G, but the world is changing, and we're still looking backwards yearning for the good ol' days in order to try and move forward. Maybe it's time we start seeing dollar signs in other industries and opportunities? The first step is installing a business climate that makes it as easy and guaranteed as possible for these emerging industries. Diversification is the key to this province's future, as much as people need to be dragged kicking and screaming along the way on this.
Itís actually not though, oil and gas consumption is increasing and will continue to for the foreseeable future - until a major disruptive technology comes along or until supply scarcity makes alternatives economically feasible. Itís unbelievable to hear people in Alberta continually spouting this nonsense about the decline of oil and gas.

And donít take that as me suggesting we shouldnít strive to diversify our economy. The thing about diversification is that itís not easy, you need to have a competitive advantage in the alternative sector to gain traction. A strong oil and gas sector enables us to better create the conditions that allow for economic diversification.
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Old 10-10-2019, 06:09 PM   #1646
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Striving to allow us as the people of Alberta to receive full and fair value for our non-renewable resources is not "looking back to 2007".
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Old 10-10-2019, 06:42 PM   #1647
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Isn't the market price the full and fair value?
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Old 10-10-2019, 07:01 PM   #1648
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Striving to allow us as the people of Alberta to receive full and fair value for our non-renewable resources is not "looking back to 2007".
Sure it is. Isn't that when oil was $100+ a barrel?

The world has changed since then. O+G consumption hasn't declined at all, but if it's becoming to laborous to get the Alberta product to the market for reasons beyond our control (which it often is), why not focus more on diversification into other industries?
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Old 10-10-2019, 07:04 PM   #1649
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And donít take that as me suggesting we shouldnít strive to diversify our economy. The thing about diversification is that itís not easy, you need to have a competitive advantage in the alternative sector to gain traction. A strong oil and gas sector enables us to better create the conditions that allow for economic diversification.
... which is at least what the previous government was trying to do (and I'm not even an NDP supporter). Where was the PC's diversification plan when times were good in this province? Did they not make one? They had 40+ years to do so...
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Old 10-10-2019, 07:06 PM   #1650
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... which is at least what the previous government was trying to do (and I'm not even an NDP supporter). Where was the PC's diversification plan when times were good in this province? Did they not make one? They had 40+ years to do so...
You mean when O&G shrunk from what 45% of Albertaís GDP to 20 ish %?

Isnít film only viable when they get the credits? And when they run out they just go to the next jurisdiction?
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Old 10-10-2019, 07:09 PM   #1651
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All those governments refusing to diversify! The labor market here is expensive, new industries aren't going to set up shop here without massive handouts.

It's not just a button they neglected to press.
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Old 10-10-2019, 07:20 PM   #1652
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You mean when O&G shrunk from what 45% of Alberta’s GDP to 20 ish %?

Isn’t film only viable when they get the credits? And when they run out they just go to the next jurisdiction?
Did the PC's have a strong diversification plan? Yes or no?

As for film, if there's no government support for it, those jobs and revenue depart. Is there a reason we should be letting that happen? BC and Ontario have billion dollar film industries. Do we not what a piece of that pie? Alberta is a good location for film, the industry had their best in Alberta last year - should we not be nurturing and growing that?
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Old 10-10-2019, 07:20 PM   #1653
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Is going from 40 to 20% of GDP not good diversification?
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Old 10-10-2019, 07:21 PM   #1654
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Sure it is. Isn't that when oil was $100+ a barrel?

The world has changed since then. O+G consumption hasn't declined at all, but if it's becoming to laborous to get the Alberta product to the market for reasons beyond our control (which it often is), why not focus more on diversification into other industries?
umm...

that's the whole point - it isn't beyond our control, the lack of delivery is entirely at the fault of Canadian ineptitude
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Old 10-10-2019, 07:24 PM   #1655
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umm...

that's the whole point - it isn't beyond our control, the lack of delivery is entirely at the fault of Canadian ineptitude
So you think federal decisions, OPEC decisions and world oil prices and supplies are within our (Alberta's) control?
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Old 10-10-2019, 07:26 PM   #1656
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So you think federal decisions, OPEC decisions and world oil prices and supplies are within our (Alberta's) control?
Do you seriously think the reason we aren't getting product to market is because of OPEC or world oil prices?

As for Alberta's control, obviously federal actions are Canadian control (which is what I said, and what I thought you were talking about)
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Old 10-10-2019, 08:31 PM   #1657
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So you think federal decisions, OPEC decisions and world oil prices and supplies are within our (Alberta's) control?
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Isn't the market price the full and fair value?
I feel like posts like these just make the case for the "War Room" or whatever the PR campaign for energy is called. Clearly Albertans and Canadians in general do not have the facts, and are not informed as to the challenges faced by and benefits provided by Canada's energy sector.
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Old 10-10-2019, 08:33 PM   #1658
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Do you seriously think the reason we aren't getting product to market is because of OPEC or world oil prices?
No, I was using it as an example of things Alberta cannot control. Nothing to do with delivery to markets. That is obviously the biggest quagmire we are currently in.
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Old 10-10-2019, 08:40 PM   #1659
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Did the PC's have a strong diversification plan? Yes or no?

As for film, if there's no government support for it, those jobs and revenue depart. Is there a reason we should be letting that happen? BC and Ontario have billion dollar film industries. Do we not what a piece of that pie? Alberta is a good location for film, the industry had their best in Alberta last year - should we not be nurturing and growing that?
The race to the bottom that the film industry in terrible. They shop jurisdictions until they find the one that gives them the best tax breaks playing Georgia off of Vancouver off of New Zealand off of Alberta. Any industry can make all the claims that they bring in dollars by existing.

There really needs to be a get together of all jurisdictions and tell the film industry to #### off and pay taxes.
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Old 10-10-2019, 08:42 PM   #1660
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I feel like posts like these just make the case for the "War Room" or whatever the PR campaign for energy is called. Clearly Albertans and Canadians in general do not have the facts, and are not informed as to the challenges faced by and benefits provided by Canada's energy sector.
Then please, provide details on WTI differential, pipeline capacities, market demand, and other facts. Please also provide sources for your facts. I invite you to set the record straight.
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