Conservatives Newest Game in the Media.

The term "Bitumen Bubble" was put in place by Redford to keep our minds off the fact that all our resources; natural gas, Conventional Oil, Pentane, were all sold at deep discounts.  Alberta took no royalty on Pentane at all, stripping it from the producers and passing it on at an extremely low cost.

Over the past few weeks you have probably read articles saying the Brent oil is on its way up while a few articles are saying there would be an advantage if Alberta quit discounting its oil.  Couple this with the fact that our Conventional oil according to CAPP is past Peak.  It is expected to produce half of what it is today at the end of another 5 years.

They have given your resource away and there is nothing in the bank to show for it. 

So, keep the public thinking Bitumen; don't mention Conventional oil.

This brings us to the Bakken oil formation; shale strata.  This is not conventional oil!  Yet, it is talked of as if it is by saying "Oil production is  up etc"

This is done to keep you eye off the ball; the conventional oil is tapped out.

Lastly but not least important is the oil discounts (Brent prices) which are an invention of the Alberta Conservatives and the oil parents nothing to do with market pressure.  These discounts were in place when oil was at its peak and the US could not get enough of it!

Watch what you read on energy in Alberta.  Most of it is Conservative snow jobs.

Edmonton's new Arena-30 million bucks out of municipalities!

apital Region Board arena vote prompts council debate

By Mark Wierzbicki

Friday, May 17, 2013 11:09:55 MDT AM

• 
  

An unexpected vote that topped up the City of Edmonton’s share of funding for a new downtown arena reverberated through the capital region late last week.

The effects of the vote, in which Capital Region Board (CRB) members were asked to approve, in principle, an application for $25 million over three years in Regional Collaboration Grant funding for the City of Edmonton, which would be used towards the arena project, have proved controversial.

In a close and disputed vote at the CRB’s Thursday, May 9 meeting, the body seemed to approve the motion, which had been added to the agenda less than 24 hours before the meeting. Normally, such motions require seven days notice.

Devon Mayor Anita Fisher was among those voting to approve, though earlier in the same meeting she had also voted to defer the motion to the CRB’s June meeting in order to first consult Devon town council members.

The motion to defer was defeated, and the motion to the agreement in principle was then debated and passed.

Fisher’s vote did not commit any resources or funds from Devon for the potential funding, and no formal application for the funding is yet being made, but coun. Sheila Aitken protested Fisher’s vote at the Monday, May 13 Devon council meeting, asking why she would vote to approve the motion without first consulting council.

“A yes vote, when you don’t have enough information, and this council had no opportunity for input… The mayor is speaking on behalf of this council. You should have voted ‘no’, until you could have discussed it with this council.”

Fisher replied to Aitken, saying that the vote did not commit the town to any action or monetary obligation.

“(The vote) was in principle, and with the assurance that the Regional Collaboration Grant application requires an endorsement of council,” Fisher said. “I knew that there was no commitment that would be required from this municipality.”

Fisher also said that she believed that a new downtown Edmonton arena would be an economic driver for the region that would benefit the Town of Devon.
“I believe the saying is, ‘economic development floats all boats’. So I have mixed feelings with regards to this. I believe that we need to collaborate more effectively in regards to economic development in our sub-region as well as our entire region. I think the arena is an economic driver.”

Additional provincial funding under the Regional Collaboration program is expected to be announced later this month, which Edmonton would likely then apply for. Fisher said that would depend on a second vote at the next CRB meeting, booked for June 13. Though Edmonton mayor Stephen Mandel has already said that he would be using the previous vote, which had support from 16 CRB members representing 95 per cent of the population in the region, for the application, the application would also require letters endorsed by the councils voting in support.

Council debated whether to require a council vote before any future CRB vote that does commit any kind of resources from the town.

That motion was not put on the floor, though council did vote to send a letter to the CRB expressing its displeasure with how the vote was handled.

“They clearly circumvented their policy by allowing a motion to be put on the floor and put a collective group of municipalities in a position of having to vote yes or no. I’m absolutely stunned that the board would even accept the motion,” Aitken said.

Some other councillors, including coun. Ray Ralph, agreed that the CRB should not have accepted the motion, but were not opposed to the motion per se, and cautioned council against tying the hands of its CRB delegate.

“The CRB’s been around for several years now and this is the first time something like this has come up, and unfortunately it came from the city of Edmonton, and the way it was brought forward was not the appropriate way to be brought forward in the first place, which did put a lot of mayors in a bad situation,” Ralph said.

“But I don’t want to tie our mayor’s hands at the table for doing regular duties that she’s been doing for the last five years. That wouldn’t make sense either.”
Council will be revisiting the matter, including whether to support the motion and whether to require council approval for certain future CRB votes, at its next meeting on Monday, May 27. That meeting will occur before the next CRB meeting.

On Wednesday, May 15 Edmonton city council finally reached a deal with the Oilers over funding for the arena. The team is to pay $161.5 million, while the city is kicking in $279 million, assuming the city is successful in the grant application.

Edmonton is also planning on applying for another $14 million in other grants, and a further $125 million is to come from a ticket tax.

Mandel expressed relief after the meeting as the fate of the arena, which has been in question for several years, was seemingly decided.
He said that he is expecting that ground will be broken early next year

The above article is out of the Devon Dispatch which also ran a story about the Town of Devon about to review the long term lease of the Devon Lions Club on the now famous Devon Lions Park!

The Devon Lions through volunteer efforts has built the park into  a Famous stop for visitors and is producing a decent  profit to sustain itself.  This is a non profit organization.

It seems rather obvious Mayor Fisher is about to do an end run on the park; take it over; increase fees; charge citizens for access to the park and so on.   All this to turn up coin to put into an Arena in Edmonton which serves the real purpose of stroking Mandel's ego

Town of Devon should really examine why they voted Fisher into this office; this is certainly not looking after the town of Devon.

People should contact their own councils and find out how this rip off is going to be paid.  Probably, on  your tax bill.

Alberta's political Landscape - Surprises!

Since this post was put up, Redford made a major speech deploring the NDP and The Wild Rose Party (same breath) while exonerating the Alberta Liberals.

After the Liberals were busted as being election spoilers; their sole purpose being to split the votes to the left of the Conservatives.  (Which is the rest of the world!) the information started flowing into me about preferences and there, is the surprise.

The Wild Rose Party to this point has seen its fortunes blossom.  People who have come to realize how badly they have been screwed over by the Conservatives but still deathly afraid of the Wild Rose Party and their haywire or non existent policies seem to see a light at the end of the tunnel in the Alberta Liberal Party.

They seem to reason if the Liberals are  bought and paid for by the Petroleum industry they are just what is needed in place of the Wild Rose.

Myself?  I think if the Conservatives, the Wild Rose Party or the Alberta Party are voted into office there will be no changes for Alberta's situation at all!

Health Care will be entirely privatized and out of reach for the majority of Albertans.  We are almost there now.  Our public schools will become the secondary school system and private schools will receive a disportionate portion of the school funding; as they are now.

Water allotments are all taken up in Alberta.  Surplus water and allotments are held by the oil industry who are poised to sell it back to cities and towns as they require it.  This has happened once in central Alberta and it will happen on a regular basis if you vote these clowns back in again!

The legislation enacted in the past 8 years all carry the caveat that the Alberta Government and/or the petroleum industry cannot be held responsible for mishaps.

The NDP, now mature having pushed way their controversial positions is the only party in Alberta that is not bought and paid for by the petroleum industry!  By default it is the only party that can produce the kinds of changes Alberta needs and hungers for.

Betrayed by Alberta Liberals!

Many of you know me as a tireless supporter of the Alberta Liberals.  NOT ANY MORE!

Take the time to read through this; it is after all you who are being betrayed and it is your futures that are lost.  Not the least of it; they totally betrayed the province!  But, in doing so they made themselves a solid alternative to the nutters in the Wild Rose Party!

Oil doesn't want this of course so you can count on the Liberals not fielding a full slate of candidates and doing what they did in the past, offer absolutely no support to those who ran for them.

In 2008 the Liberals went into the election with 16 seats and 750,000 dollars in debt.  After the election they had 9 seats and two months later Taft announced  they were debt free!

Who gave them the 750,000 dollars to throw the election?  Oil?  The Conservatives?   I would bet it is your tax dollars because the Conservatives election police never blinked.   And, how many elections do they have to throw to keep up their end of the bargain?  Was Raj Sherman a lucky defection landing as head of the Liberals or, is he a plant by the Conservatives to keep the losing on track while managing  issues the Conservatives want managed.

The Alberta Liberal betrayal  first became apparent in the 2008 election with the Contenders for Premier being Ed Stelmach  PC,  Kevin Taft Lib, and Brian Mason NDP.  The WR party on their own were not a force.

The contest of the election was the extremely low oil royalty taken by this province.  Then, at 16% US.

Brian Mason put forward a spirited debate on the subject, and Kevin Taft sat the debate out with nonsense or off subject responses.   Stelmach closed with the one liner "We are Conservatives, not like these other guys!"

The Liberals had gone into the election with 16 members sitting.  Kevin Taft let it be known the party was 750,000 dollars in debt.  Argument in the press was running the Liberals couldn't balance their own books; what expectation does one have for their running of the province?  The Liberals did nothing to dispel this.  They kept a low ineffective stance throughout the election but polling showed them climbing in popularity.   Taft used the grab line of coasting up the center.  Then as now, parties who want to win do not coast up the center!

In brief: Had they  put in any effort at all they may well  have formed the next Government!

This new popularity (caused by myself) was a problem for the Liberals.  Kevin Taft came out with a new public message "This election is about etc,"  it had nothing to do with anything going on in the political arena at that time.   It was a deliberate sabotage  of the people and the province who had put their trust in him.  I sent him an email saying "what in hell is this all about?"  

The low level, lack of energy, deliberate sabotage of their party's chances worked!

He went in with 16 seats and came out with 9.

Two months after the election Kevin Taft announced  the Liberals were out of debt!  Who gave them 750,000 dollars to throw the election?   And where was the  Alberta Election people in all of this?

  

In 2012   Raj Sherman was pleased with the Liberals profitable state of finance.  Articulate and professional he had all the dressing of a leader.   He came out with excellent policy on Education, Secondary Education and the most important of all, Doing away with the monstrosity;  The Alberta Health Authority .

Not apparent to us his party and lack of platform was to divide the left votes; take votes away from the NDP at any cost.    After the election was called I questioned Raj on the number of candidates he had running at that time being only 7 people and weeks to go before the vote!  Repeated calls by myself produced nothing.  I finally told him I would be backing the NDP if they did not get into the game.

In a flurry of what appeared to be incompetence a rush was put on finding candidates.  Anybody who could be convinced to run was signed up.   A couple days before the vote the Liberals had a full slate; some good people but mostly not.

Still their popularity continued to rise so they pulled off the support for the new candidates. No one was manning the telephones and their web page remained unchanged throughout. 
The only news they got going was the circus, deliberately misleading, even slanderous.  "Should the Liberals and NDP join their parties?" 

This is how the Conservatives bought their majority and the Liberals are the ones who sold out!

Oil however poured gold onto Wild Rose Party, Harper put his high priced crew in to lead their campaign and help to paint Danielle Steel as the ugly sister in choices.  Insanely far right, being raised in Southern Alberta on a diet of  US Republican philosophy.  All true enough.  Oil also introduced the  Vote Strategically BS.  Vote Conservative and Keep the ugly sister at bay!

What it did was to channel undecided voters to one of two Conservative Parties!

Sherman took up his position as a disinterested participant creating little or no publicity from his truly excellent ideas.  Not so much a flash in the pan as a single outburst, then go back to sleep.  Coast; it doesn't matter.  I think it was a warning shot across Redford's bow!  Deal my way; get some coin coming in our direction or we will  raise merry hell.

He went into the election with 8 seats and came out with 5 a loss of 3, no longer a threat to anyone.

This appears to have been his greatest success in politics.

Now to the present, the always ongoing  Alberta election yet to be called.

His office tells me they are always on the lookout for issues they can weigh in on; they can't find any!   All the issues that were on the table in his first run for the Liberals are still there only, no one speaks of them.  You never hear them on items like discounted oil or royalty being shorted.  They are as if non existent!

The Liberals have decided to "Coast up the center"  and have made two disastrous ads showing themselves to be up to their old tricks again of throwing still another election!

Their first add  taken out in the Calgary Herald was effectively a copy of the  Alberta Party's position; "we will be whatever you want us to be"

Their second add taken out in Edmonton was another laid back "working for you-Our Government is falling out of step on education" run in the Edmonton Journal.  Sherman, obviously still plugged into the Conservatives knows full well the Conservatives are shorting public education to force in private schools who remain untouched for funding.

Their public phone and media handling center  office@albertaliberal.com  tell me they are okay with coasting up the center and plan to be the Government or the Opposition next time around!  Naive people!   One does not coast to success in politics and in the absence of any other reason I conclude they are working on throwing  still another election.   Possibly draw votes away from the WRP and the NDP leaving the Conservatives in power again.

The point is:  A vote for the Alberta Liberals is a wasted vote as Liberals.  Now, bought and paid for by petroleum they are certainly a super valid alternative for the Wild Rose Party.   If you are as suspect of Danielle Smith and her Wild Rose crew as most of us are, vote Liberal!

The Alberta Conservatives are an unmitigated  disaster having stole Alberta's wealth.

The Wild Rose Party remain the  Ugly sister but looking for a kinder  BS line while hanging onto their far right wing slash and burn plans.

Thanks to the massive manipulation of our political system by the US Petroleum industry and the US Republicans who orcastrate the plays,   The NDP remain solid, explaining their position as the go.  The only alternative  for Albertans  if you want your schools and universities back and something other than a private health care system based on the Oregon model.

You are going to be hit with 50 to 100 dollars a month on your power bills to pay for power lines so that the tar sands can ship their excess power to the US.  Hook up lines are already built into Alberta by Montana.

All the water available in this province is already allotted.  Oil companies ask for a cup and the Conservatives give them a swimming pool.  Oil are set to sell this water back to municipalities that need it.  Your water bills are going to triple or more!  I'm pretty sure the NDP has a fix for this although I have not spoke with them on anything nor  have they contacted me.

There will be no more tireless support by me for the Alberta Liberals; they are finished!  I am throwing my total support behind the Alberta New Democrats, the only party not bought and paid by the petroleum industry.

The Conservatives have pumped hundreds of billions of dollars of this Provinces money down pipelines faster than bank transfers.  Redford say she will not charge this bleed.  When you hear the argument about "these troubled times" remember Saskatchewan and BC collect full rates on their oil.  Saskatchewan has just tabled a balanced budget.

What we need is Leadership in a party who will manage this province in a way we can grow.  That will be the NDP;  your only choice for change.

In defense of Crude derived from Bitumen.

The bitumen bubble is a term invented by the Conservatives in an attempt to cover the fact all their Conventional oil production is also discounted at the same rate!  Alberta producers robbed of billions.

Crude oil derived from Bitumen is allowed to keep its "dirty" reputation as it serves to justify the huge unnecessary discounts on the product.

Cheap oil? Yes! The Conservatives have been discounting oil by 30% for more than 15 years. Hundreds of Billions lost to Alberta!

To make crude from Bitumen they must first know what the end product must look like. Once established they can make the crude. The crude oil from the tar sands is darker in color (carbon).

It is fortified (thinned)  with Natural Gas from the High Level region. You may recall the Government shutting that regions oil in 5 years ago? No one knows how much compensation was paid to the producers (taxpayer pays).

The API or pouring temperate of oil sets it's mark Standard crude has an API of about 19 degrees. Crude made from the Tar Sands has an API of no less than 9 degrees, probably much more.  It travels in the same pipelines as the Conventional crude.

If the customers in the US wanted an API 19 degree oil; they simply ask for it and more gas will go into the mix.  That would mean they would have too much HVB and LVB  (Naptha) and probably have to store it.

The Tar Sands crude oil is clean! It is environmentally safe! It has the sulphur and metals removed from it which, you cannot say about conventional oil! This crude floats on water! The only way it will kill fish is if some brainiac uses solvents and chemicals to disperse an oil spill that is harmless but unsightly!

Yes it takes heat and energy to do this but with the price of gas at 3.00 and expected to drop from there; its a sweet deal.

What is wrong is the Conservative Government following Republican policies. And, the Wild Rose in waiting; conceived and born of the LDS church in southern Alberta totally indoctrinated into the US Republican way.

The carbon footprint of the operation is 1/10,000 th or less of China's and somewhere in that region for the US! I can live with it.

Doing hatchet jobs on the industry to wave some populace environmental flag serves no one.

http://thetyee.ca/Opinion/2013/03/09/Bitumens-Extraordinary-Delusions/index.html#comment-278449

Bubble Warnings Ignored!!!

The term "Bitumen Bubble" is the Conservative attempt to hide the fact that all the oil leaving this province is discounted, not just the crude from the tar sands!

The Conservative Government has betrayed the people of this province time and again.  Now its to the forefront.  As outlined in the article they have known for years what was coming and did nothing to mitigate the circumstance!

The picture is even more bleak than the Journal article indicates, the Journal is being very kind to the Government!

The royalty regime pays us nothing until the price of oil hits impossible highs.  It is designed so there will never be a royalty collected!

The Conservatives have elected to discount our oil, not just the tar sands but all oil that goes down the pipelines by 30%.  This is an elected position; not one they were forced into!

CAPP tells us that conventional oil has passed peak its on its way down now output expected to be 50% what it is now within 5 years.

The only way they can get more is through this so called CCS program!  By flushing the strata with a mixture of water and carbon dioxide much more oil can be taken out; huge amounts. Carbon Dioxide goes down one hole and up the next.

This is 40 year old technology used extensively in the US!  Why then, are taxpayers burdened with billion plus for experimental proving of the technology?  This is still another betrayal of the people by this Government!

The point is; your resource is gone and you have not received one cent for it since Lougheed left!

When Klein took office royalty was at 30% when he left office it was a 16% and has been in free fall since then with Ron Liepert telling us the royalty was dropped to 6% and would stay there until it went to zero; predicted in 5 years.

The Revenue this Government talks about is the taxes paid by the oil industry and spin offs in general.  

In the platform of the Conservatives and the Wild Rose Party the oil resource companies own the resource!  Alberta is entitled to taxes and land sales; no more!

http://albertathedetails.blogspot.com/2012/02/alberta-royalty-explained.html

Her speech (not covered here) she tells us she will put emphasis on new business other than oil.

The Alberta Advantage was our electricity!  When it was privatized and put on a market basis the prices jumped forcing all the "other than" business from this province.  

Sunland Biscuits (Yellowhead Trail) was shipping 15 trailer loads of cookies to Bramalea every day.  With the electric price they closed their doors and moved to Bramalea.  Soon we had oil or nothing and the fringe business struggled in a province which has an output of oil second only to Saudi Arabia! (As told us by this same Government on several occasions).

Now they are telling us new power lines are going to increase out utility bills by 20 to 40 dollars per month (times 1.5 million homes) and business rates will go up several hundreds.  

This will effectively wipe out the remaining non oil industry!  

Redford would not have gone to the US unless she knew first hand and definitely the Keystone was a Go!  She is now waiting to take the bows when the deal is inked.

If your business is doing "OK" how much better would it have been had you been playing with a full deck?   Lost your home? Same deal.  Over 40 billion dollars a year of Alberta revenue is shipped down those pipelines faster than bank transfers! 

To make it much worse the petroleum industry is meddling in our politics as if we were a banana republic!

http://albertathedetails.blogspot.com/2012/08/alberta-putting-aside-fear-what-do-we.html

Here is a list of links which details much of the above.

http://albertathedetails.blogspot.ca/2013/01/province-in-rotten-shape-conservative.html

Points out years of advance notice which this government did nothing to mitigate.

http://albertathedetails.blogspot.ca/2013/02/bitumen-vis-crude-oil-difference.html

http://albertathedetails.blogspot.ca/2013/01/alberta-to-point-of-no-future-at-all.html

http://albertathedetails.blogspot.ca/2012/12/alberta-and-bc-plans-to-ship-lng-are.html

http://albertathedetails.blogspot.ca/2012/12/conservatives-playing-same-old-game.html

http://albertathedetails.blogspot.com/2012/08/alberta-losses-billion-due-to.html

Rem Journal Article on Oregon Health:

http://albertathedetails.blogspot.com/2010/12/alberta-conservativs-pushing-us-style.html

Alberta Parks sold:

http://albertathedetails.blogspot.com/2009/08/alberta-history-3-camp-grounds-and.html

Rem Total Summary of PNWER

http://albertathedetails.blogspot.com/2011/03/conservativerepublican-alliance-pnwer.html

and:

Rem: Bubble Graphics.

http://albertathedetails.blogspot.com/2008/06/alberta-carbon-sequestor-program.html

I'll finish of by saying I am very disappointed in the Alberta Liberal Party who are sitting on their hands on this with Mr. Taft's policies firmly in place.  Somehow; we will come up the center doing nothing.  I can assure them if they continue this course I will be all over them like ugly on a dog!

Bitumen vis Crude Oil:- The Difference?

Any and all reference to Bitumen has been described as a tar like substance mixed with sand  because of its thickness and Oder  This is true world wide including Australia, Valenzuela and until Redford's Fireside debacle referred to the "Bitumen Bubble" still another bit of unreality in their cadence of lies over the past 20 years.  This doesn't stop the Conservatives from releasing news stories calling our crude oil Bitumen the sole purpose of which is to convince the general public it is Heavy Oil which, it is not!

Our oil sands crude oil, derived from the Bitumen was always referred to as "Crude Oil from McMurray" or more recently "The Oil Sands" but for 25 years known as "The Tar Sands" It has never, ever been referred to as either Heavy Oil or Bitumen.!

Drawing on literature from Valenzuela they explain a decision must be made before extracting the oil from the  Bitumen as to what the final desired viscosity is required for a crude oil!

At the mines, bitumen is handled not in pipelines and tank cars!  It is handled on conveyor belts and mining cars, some of the latest technology.

Alberta shut in the sweet natural gas north of High Level for use in the processes in the Tar Sands.  There has never been any figure put out about how much this cost the taxpayers but gas companies ere compensated and the oil companies didn't barter prices.

The Conservatives and the US oil companies are stringing a long list of press releases about "Bitumen" being shipped in tank cars and pipelines.  Beyond being impossible it is an outright lie and misdirection only for the purpose of leaving the prices rock bottom on the product we are shipping south in pipelines.

It is a win win thing for the US parent companies!  They get the best light crude in the world blessed as a heavy crude by a country they pretty much run.  Alberta uses its water for the production of this light crude oil  while the US is suffering water shortages.  The US gets the benefit of a lower carbon footprint while Alberta solicits the beating being taken on dirty oil.

We so very much need a Government in place that is not Conservative!  The futures of your kids have gone; as have the glory days. YOU elected to give it away by mindless support of the Conservatives in a vain hope someone, somewhere, will throw you a crumb.

Here is a link to industries view on the Natural gas Prices.

Alberta to the point of no future at all!!

Thank you Conservatives!  Nothing in the Bank; profits all given away down the pipeline and the future looks  bleaker than the depression!

You may be aware that Australia's traditionally frequented trading partners are China and India both showing   a great interest in starting up plants in Alberta.   They want a pipeline to the west coast before they move on it.

The Conservatives have been stalling for years pending a way to get already overtaxes Albertans to pay for the pipelines and infrastructure.   Kinder Morgan offered to expand their pipelines to the West Coast to handle an additional 700 million barrels per day but, upped the prices knowing Alberta would not commit to a different pipeline.

Big oil find in the Land of Aus

As if crude oil price discounts weren’t bad enough, word is that Australia’s Linc Energy may have found a huge shale oil deposit in the country’s central region.

While Linc Energy’s chief executive Peter Bond tried to temper the buzz the discovery created, the deposit may contain 233 billion barrels of shale oil.

If that number proves to be correct, it would outnumber the 169 billion barrels of oil sands reserves Alberta has and vault Australia past the province in the global petroleum pecking order.

Australia is one of Canada’s chief competitors in the race to supply liquefied natural gas to Pacific Rim markets. But no one thought the Aussies might also pose a threat to Canada’s plans to sell its bitumen to the likes of China and Japan

 Under this Government there will be no market for Alberta oil.  They are not capable of breaking away from the Conservative policy that says nothing can be done unless taxpayers pay for it; that oil belongs to the oil companies and Alberta is entitled only to income taxes and land sales!

We need an election right away!

.

Redford's Fireside (Not!)

Key points and misconceptions.

Firstly; Remember Klein on his fireside saying read his lips; they are not going to privatize health care!  Some things never change. 

In excess of 70 Billions of dollars have been sucked from the Heritage Trust Fund!

She said they would start adding money to the Heritage Trust fund which hasn't been added to in 25 years.

 Truth is:  For 25 years this Government has frozen the investment profits of the Heritage Savings and Trust fund at  5%.  Everything above was pulled out and sent to General Revenues where it was used to reduce taxes for the Oil Concerns chiefly and small business, just a bit.  Individuals got next to nothing.  In this period of time there was a long inflation stretch where profits should have been in the 25% range..

This makes Albertans the highest taxed state in North America if not the world!

For all intents and purpose the Heritage Trust was robbed and the money sent down pipelines to the US parent companies. It  wouldn't have been any faster as a bank transfer!

This is another gross misconception; as close to a blatant, outright lie as one is going to get.  It is a far greater transgression than a spin doctor campaign.

The oil is extracted from the Bitumen along with High and Low vapor bases used in blending gasoline's and diesel fuels.   The resulting mix is a low volatile oil; cleaner than anything you will pull from the ground by conventional means.

The WTI; The Brent; The West Texas Crude are designations in markets that indicate impurities, not API or the Weight of the mix  Sulphur  is the key indexer.   Tar Sands crude is Sulphur  free!  It should be priced with the highest  priced market out there! 

In order  to get enough vapor base into the Tar Sands Crude, pristine sulphur free natural gas is added to the mix to bring it to the proper market desired vapor pressure to blend diesels and various gasoline.

Not only is it oil, but it is oil that has been tailored to the refineries it is going to!

You may recall a couple years  ago Natural Gas wells North of High Level were shut in by the Government .  This gas was needed for the blend.  There was never any news of the compensation given to the oil companies who owned the wells.  You can however bet it was the taxpayers who paid the price for it.

In addition, the refineries in the US only have to heat the oil a bit to get their blends.  This gives the US a low carbon foot print and Alberta wears the roses for the dirty part of the equation.

She has said we are loosing 6 billion dollars short this year in oil revenues.   Lets be more specific  here.  This is not  royalty; they are zilch.  It is the taxes off the various plants and shipping facilities.  And, according to the Conservatives (It doesn't  matter who is the leader) taxes is all we are entitled to as Albert ans.

She alluded to getting more for the oil at some nebulous time in the future.  It is time to speak of patterns here.  Stelmach popped out  PDF showing impossible royalty rates going into the future.  This was on the Eve of an election and no time to debate it.   At the bottom of the page was 6 pt print saying all revenues are taken in Canadian dollars.  That one line meant that we took an 18% cut in royalty at that point in time!

http://albertathedetails.blogspot.ca/2012/12/conservatives-playing-same-old-game.html

I can hardly wait for the lies that will come out  the next election.

It is very worthwhile to note that the Wild Rose Party has criticized Redford saying there is no reason to change our take on Royalty or change the markets on oil.

Three links that remain very important!

 http://albertathedetails.blogspot.com/2012/08/alberta-losses-billion-due-to.html

http://albertathedetails.blogspot.com/2012/08/alberta-putting-aside-fear-what-do-we.html

http://albertathedetails.blogspot.com/2012/02/alberta-royalty-explained.html

Province in Rotten shape - Conservative smiles.

Alberta’s Conservatives’ short sited, bordering ignorant administration is leaving Alberta somewhere between the outhouse and the woodshed holding a candle for light!  We are so totally screwed.

We have no money to fall back on; all royalty and profits from the petroleum industry has been shipped off to the oil companies; the heritage Trust fund has been plundered for over 70 billions of dollars belonging to you, your children and their children.  Never to be seen again!  We have the highest cost of living in North America.

Our conventional oil is beyond peak.  This province has absolutely nothing to show for it!  The production will be down to half within 5 years unless the industry can use carbon/water injection combined to recover a great deal more oil out of the formation.  This is old technology tried and true.  

All the carbon capture programs are directed at collecting carbon dioxide for this purpose an and this alone!  The only art is how to invent stories to get the taxpayer to give up their gold to pay for everything leaving oil to the discounted markets.  In reality, it is your savings that are going down the pipeline!  Down the tubes!  They say there is some high number of millions “set aside” for developing  a technology that is 50 years old!   Considering they have no reserves of any kind and are into milking pensions, and bilking the Heritage Fund setting anything aside is an outright lie.  Think here of the nonexistent sustainability fund. No such thing on the books until they tapped into pension funds.

I won’t even touch AIMCO here and the 7 billion absconded from municipal pensions.  It is peanuts when compared to the trillion missing from treasury because of their policy or outright collusion with the oil industry to rip the province off.

Our major market, the US has matured.  The market place has changed  and not very fast and the Conservatives in all their glory have ignored it until it is too late their energies being spent on how to get the taxpayers to pay for all the infrastructure required to meet new, emerging markets

And, they were not surprised by anything in the market place. Quite the contrary they planned to be exactly where we are now.  They are solidly connected to the US Republican Party and meet regularly http://albertathedetails.blogspot.com/2011/03/conservativerepublican-alliance-pnwer.html  It appears they have agreed to milk Alberta dry on the cheapest oil in the world before they tap into their own reserves.  

In the first part of April in 2009 the Forbes Brother was a guest to an oil talk show.  Forbes didn't blink an eye and said “More than all the middle east put together”

The US Geological Service issued a report in April 2008.  It was a revision of a 1995 report on how much oil was in the Western 2/3 of North Dakota, Western South Dakota and extreme Eastern Montana.

The numbers are astounding. They concluded the Bakken is the largest domestic oil discovery since Prudhoe Bay and has the potential to eliminate all American dependence on foreign oil!

The EIA (US Energy Information Administration) puts their estimate at 503 billion barrels!  Even if just 10% of that oil is recoverable at 100.00 per barrel, that 10% is worth 5.3 trillion dollars to the US!  They also estimate because it is light, sweet crude it will cost Americans only 16 dollars per barrel to produce it.

“This sizable find is now the highest-producing onshore oil field found in the past 56 Years” reports the Pittsburgh Post Gazette.   It is known as the Willison Basin but more commonly referred to as the Bakken.

The Stansberry Report Online 4/20/2006

Reads:

Hidden 1,000 feet beneath the surface of the rocky Mountains lies the largest untapped oil reserve in the world!  It is more than 2 trillion barrels. On August 8,2005 President Bush mandated its extraction.  In 3 ½ years of high oil prices none has been extracted.

http://www.usgs.gov/newsroom/article.asp?ID=1911

The market for natural gas is also come and gone and you have nothing to show for it because you were stuck on Conservatives!

In 2008 Texas reported a new find; more than 75 Trillion Cubic Feet shallow, easy to produce.  There is less than 50 TCF in the Western Canadian Sedimentary basin.

In the high years, gas was a 15.00 a Gj. It is presently about 3.25 and I predict will be below 1.50 this summer.  Oil companies are saying they can make money if the prices are up to 3.40 (and they do not have to pay for any of the infrastructure to transport it)

Alberta, BC and Saskatchewan need  a pipeline to the west coast to meet Asian markets.  Without this access we will fail as provinces.  Whether it is oil or LNG or both, the taxpayers are going to be the ones who pay for the lines, not the oil industry.

The Conservatives are joined at the hip with the US Republicans  and oil and the Republicans are running the show in Canada even though they were rejected soundly by the American people.

Get rid of these guys  You simply cannot afford to vote for them any longer.