Saturday, February 16, 2008

Alberta to further reduce royalties!

The US dollar falling against the Canadian dollar was seen by the Conservative as an opportunity to upset what they had come to see as the status quo of the royalty regime.
Reducing our royality on the tar sands from 25% to 19% (current) is only the start of a long slide down!
It is their intention to further reduce royalties as new production comes on line. They will in effect benchmark what they think Alberta will need with the citizens charged to the brink for goods and services.

Alberta will not enjoy more royalties in the future under a Conservative Government!
Meanwhile, Oil companies in the US are doing budgets in anticipation of paying more money to the Government when the Democrats take office this election.
John Clark.
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