Friday, October 16, 2009

Stelmach "Keeping our resource competative"

The Republicans in the US hammered the taxpayers with a built in give away of resource revenue.

The current administration is reviewing these deals with a view to charging royalty along a line of what the resource is worth.

The rate that the Republicans put in was 19% US which happens to be the base for Alberta's resources under the Conservatives.

Deduct from this the Royalty in Kind paid in Bitumen and you see that we are hardly breaking even in this deal.

If you are thinking you will get anything better from the Wild Rose outfit you are sleeping.
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