Posts
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!
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