Official (Alberta) Oil Discussion Thread

[Resolute 14]

That's what Mulcair kind of tried to do. And he failed horribly by failing to appeal to anyone on any side of the spectrum.

[Frequitude]

Guys, I'm trying to find that awesome website that showed a real time global map of particulates, emissions, winds, etc. that was linked earlier in this thread (or maybe one of the other oil threads). All search efforts have failed. Does anyone remember what I'm talking about?

[Fuzz]

This one?
http://earth.nullschool.net/

[Frequitude]

Originally Posted by Fuzz

This one?
http://earth.nullschool.net/

Server appears to be down but I think that's the one! Thank you, sir.

[Fuzz]

Try again, it's working fine for me.

[Azure]

Pretty bizarre to want to completely shut down fossil fuels when there are a lot of advancements being made in burning it a lot cleaner.

Yes solar & wind are growing exponentially higher than non-renewables, but there is still a lot of room for fossil fuels. Especially if someone would make it feasible to get rid of more carbon while we burn it.

[CaptainCrunch]

Don't know if this was posted yet.

http://www.theglobeandmail.com/repor...ticle29549542/

apital spending in the oil and natural gas sector is projected to slump this year by $31-billion, bringing the two-year total decline to $50-billion, or a 62-per-cent plunge from 2014’s record $81-billion, according to the report. That would be the deepest slump since spending began to be tracked in 1947, the group said.

Every day that I go into work, you can literally hear this province creaking to a halt economically.

“Canada needs urgent action to remain an attractive market for oil and gas investment, and to be competitive relative to other oil and natural gas producing jurisdictions,” the group’s chief, Tim McMillan, said in a statement.
“The United States, our only customer and No. 1 competitor, is certainly not standing still,” he added.
“We as a country need a common effort to have a level playing field in North America, he said, calling for pipeline expansion and development of liquefied natural gas export projects.
“Connecting our resources - by all means and in all directions - to more markets is critically important to improve the prosperity of all Canadians, even with the current declines in prices and investment.”

With the federal and provincial government that we have right now it ain't gonna happen though.

[stampsx2]

Canada's it's own worst enemy. Our competitors don't need to compete with us, we're stopping ourselves.

[Tron_fdc]

https://ca.finance.yahoo.com/news/oi...005412362.html

Lots of stocks in the green today, same with the CDN to USD exchange.

[puckedoff]

[Frequitude]

Originally Posted by Fuzz

Try again, it's working fine for me.

Nah, still showing it as server down!

[IliketoPuck]

A bit of a longer read, but Mr. Yager raises a few good points:

http://energynow.ca/murray-edwards-t...yager-mnp-llp/

[Nufy]

Originally Posted by Frequitude

Nah, still showing it as server down!

Worked for me...

[GGG]

Originally Posted by IliketoPuck

A bit of a longer read, but Mr. Yager raises a few good points:

http://energynow.ca/murray-edwards-t...yager-mnp-llp/

I'm confused by the article. He seems to state that the reduction in corporate taxes drew industry to Calgary. Then he credits this starting in 1996.

Any one care to guess what the corporate tax rate was in 1996?

Hint: It wasn't 10%, In fact it was above 12%.

http://www.finance.alberta.ca/public...tes/hist1.html

this doesn't go back to 1996 but much to my surprise we have only had a corporate tax rate lower than 12% since april 1st 2003. When IOL made its decision to move to Calgary in 2004 the tax rate was 11.5%. Or about what it is now.

Its revisionist history to credit a 10% corporate tax rate as the goldilocks of tax rates and that the 20% increase somehow negates the alberta advantage. Its most significant head office acquisitions occurred when the tax rate was roughly what it is now or higher.

[IliketoPuck]

Originally Posted by GGG

I'm confused by the article. He seems to state that the reduction in corporate taxes drew industry to Calgary. Then he credits this starting in 1996.

Any one care to guess what the corporate tax rate was in 1996?

Hint: It wasn't 10%, In fact it was above 12%.

http://www.finance.alberta.ca/public...tes/hist1.html

this doesn't go back to 1996 but much to my surprise we have only had a corporate tax rate lower than 12% since april 1st 2003. When IOL made its decision to move to Calgary in 2004 the tax rate was 11.5%. Or about what it is now.

Its revisionist history to credit a 10% corporate tax rate as the goldilocks of tax rates and that the 20% increase somehow negates the alberta advantage. Its most significant head office acquisitions occurred when the tax rate was roughly what it is now or higher.

You are leaving out the other key piece, which is personal tax rates.

Top income earners are incentivized to work in a lower tax jurisdiction. Their decisions to relocate head offices are equally if not more determined by the personal rate they will be taxed as the prevailing corporate rate. Although both are taken into consideration, neither can be taken in isolation.

[Bill Bumface]

Originally Posted by CaptainCrunch

Every day that I go into work, you can literally hear this province creaking to a halt economically.

Just a hunch, but you may want to spray some WD40 on your office chair.

This reminds me of a social teacher I used to have: "and the country literally went down the tubes"

[Oil Stain]

Originally Posted by IliketoPuck

You are leaving out the other key piece, which is personal tax rates.

Top income earners are incentivized to work in a lower tax jurisdiction. Their decisions to relocate head offices are equally if not more determined by the personal rate they will be taxed as the prevailing corporate rate. Although both are taken into consideration, neither can be taken in isolation.

How many non-oil and gas related companies have moved their head offices to Calgary in the last 20 years?

I'd say head offices are located in Alberta because that is where the Oil is. They aren't going to be relocated to Ontario if that province reduces their tax rates to a few percentage points below Alberta's.

[kevman]

Canadian Pacific Railway moved their head office from Montreal to Calgary in the 90's.

[GGG]

Originally Posted by kevman

Canadian Pacific Railway moved their head office from Montreal to Calgary in the 90's.

Corporate tax rate over 15% in Alberta at the time.

[Enoch Root]

Originally Posted by Oil Stain

How many non-oil and gas related companies have moved their head offices to Calgary in the last 20 years?

I'd say head offices are located in Alberta because that is where the Oil is. They aren't going to be relocated to Ontario if that province reduces their tax rates to a few percentage points below Alberta's.

I don't have numbers handy, but there have been lots.

Calgary is #2 in Canada for head offices, ahead of Vancouver and Montreal.

Yes, O&G is one reason. But the positive business environment, due largely to the tax advantage, is a very big reason for it as well.