Friday, November 09, 2007

More power line rip off coming for Alberta Rate Payers

Does any one really think Alberta is going to come out 20% ahead? Not with this Government!

New plans filed with AESO for a 22 million dollar transmission line from McMurray for the use of North American Oilsands Leismer Facility near McMurray. Project to be built by ATCO. ATCO, headed by Mr. Laugheed who said recently Albertan's should not be expected to pay for all of the highway to McMurray.

This project is strictly to serve the oil companies.

Alberta taxpayers will be expected to pay 100% of this line under the Conservative Governments power line rules.

Beyond this, Stelmach's payment "in kind" trade for crude which is to be sold short or given free to the up graders will mean Albertan's are further in the hole after this deal than they were before it!

If this does not take all the change, it is worth while to note on thier propaganda charts the all the energy revenues with the exception of tar sands is posted in US dollars.

(The government has taken down their site with the .pdf forms showing their projections. This happened directly after I first pointed up the Canadian dollar figure in Tar Sands computations)

The tar sands has changed to Canadian dollars in this exercise of lies. By mid summer at the latest the Canadian Dollar is expected to be back at .85 cents, where it should be!

Couple this change in the exchange rate which will take place after the election with the rest of this circus and you will see there is nothing to be happy about; no win for the people of Alberta but a major loss. A giant Scam!

It would break a snakes back to follow this crew!

John Clark
Cyberclark@shaw.ca
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