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There is a steady run of print ink all having to do with the dwindling resources and the hardship of the oil companies. There is even a story about how good we are for allowing Encana to export our high paying jobs to Texas. In fact this devastation is spun off as being an American demand for product. All this, in advance of the Government saying they will not increase the royalties taken by Alberta.
This Government is in the business of guaranteeing profits for the energy sector. This energy sector is still turning out record breaking profits while Alberta’s cut on the royalties becomes less and less; in a constant state of reduction.
At any price, our royalties remain the lowest in the world at 20 and 25%. If we took what we are entitled to, 40% we would still the be lowest in the world and the oil stocks would still perform better than any other stock in the market.
Don’t allow these guys to BS you into thinking the Energy Companies are doing you a favor.
John Clark
cyberclark@shaw.ca
Thursday, April 26, 2007
Friday, April 20, 2007
Alberta 2007 Budget
This isn’t a simple provincial budget. It is however one of the best laid out defensive propaganda papers this crew has ever come up with at the centre of which is the infamous “Debt Reduction Program”
This crew has only one objective and that is to privatize everything that wiggles in this province and, to hell with the expense. Look to their record, you cannot possibly believe otherwise. They will sell this province out from under you to achieve just that.
To set the stage for the rip off of resource this Government deliberately ran up debt on doubtful capital costs and investments part of which was selling off provincial properties at fire sale prices. Warehouses and hospitals included in this.
This same party time group all but emptied the Heritage Savings and Trust fund. By sapping off any loose cash or short term investment it was set up for privatization..
At this point they were able to site debt as a problem and put their large scale privatization plans into effect. Seize control of the Power lines under the guise of equally funding all schools for computers and tech supplies. You know what happened to the power lines.
Parks and camping sites are now too expensive to maintain. Sell them off to friends under a great fan fair of these same properties being private as they should be. Gone were the millions of dollars of improvements that went into these same facilities. Up went the debt. I say friends, buddies because there was no public opening of bids and no publication of bids in these sales.
With the resource figures of 25% for Alberta 75% for the oil companies now public this Government wants to set the stage for a public hearing into royalties on oil where the problem is all the resources.
They are spinning a down side story about reduced oil revenues because of lower energy prices. There is absolutely no evidence this is going to happen and, all evidence would lead one to believe just the opposite is going to come about. High prices as far as the mind can take you. This is what the oil companies are telling their stock holders.
25% for the Alberta share should be 40% at any price per joule. All Alberta energy is priced on the BTU capability of the fuel. It is not a mind stretch to see how low the royalties on other utilities are!
You can catch a glimpse here of what is going to happen to your water and can see the very dark future here with Harper dealing away your rights to the US.
Cause the problem so you can have something to fix at an opportune time.
These saboteurs have killed people on the highways and in our hospitals in order to play their privatizing games. I don’t see heroes in this budget. Their present infrastructure plans and the grossly overheated economy leave the stage set for 3 rd party investment.
We can’t find workers so turn the schools roads etc. over to a Bechtel or Slumberger to build and rent back to us forever.
John Clark
cyberclark@shaw.ca
This crew has only one objective and that is to privatize everything that wiggles in this province and, to hell with the expense. Look to their record, you cannot possibly believe otherwise. They will sell this province out from under you to achieve just that.
To set the stage for the rip off of resource this Government deliberately ran up debt on doubtful capital costs and investments part of which was selling off provincial properties at fire sale prices. Warehouses and hospitals included in this.
This same party time group all but emptied the Heritage Savings and Trust fund. By sapping off any loose cash or short term investment it was set up for privatization..
At this point they were able to site debt as a problem and put their large scale privatization plans into effect. Seize control of the Power lines under the guise of equally funding all schools for computers and tech supplies. You know what happened to the power lines.
Parks and camping sites are now too expensive to maintain. Sell them off to friends under a great fan fair of these same properties being private as they should be. Gone were the millions of dollars of improvements that went into these same facilities. Up went the debt. I say friends, buddies because there was no public opening of bids and no publication of bids in these sales.
With the resource figures of 25% for Alberta 75% for the oil companies now public this Government wants to set the stage for a public hearing into royalties on oil where the problem is all the resources.
They are spinning a down side story about reduced oil revenues because of lower energy prices. There is absolutely no evidence this is going to happen and, all evidence would lead one to believe just the opposite is going to come about. High prices as far as the mind can take you. This is what the oil companies are telling their stock holders.
25% for the Alberta share should be 40% at any price per joule. All Alberta energy is priced on the BTU capability of the fuel. It is not a mind stretch to see how low the royalties on other utilities are!
You can catch a glimpse here of what is going to happen to your water and can see the very dark future here with Harper dealing away your rights to the US.
Cause the problem so you can have something to fix at an opportune time.
These saboteurs have killed people on the highways and in our hospitals in order to play their privatizing games. I don’t see heroes in this budget. Their present infrastructure plans and the grossly overheated economy leave the stage set for 3 rd party investment.
We can’t find workers so turn the schools roads etc. over to a Bechtel or Slumberger to build and rent back to us forever.
John Clark
cyberclark@shaw.ca
Friday, April 13, 2007
Do you trust Harper and his crew?
Water is on the trade table with the US and Mexico. Who trusts Harper and the Fraser Institute to deal water for Canada?
Something to consider when you vote.
John Clark
cyberclark@shaw.ca
Something to consider when you vote.
John Clark
cyberclark@shaw.ca
Alberta's private health care system crashes!
Yes, its a private system folks. The Government has done its best to divest itself of all responsibility. Who do you sue?
John Clark
cyberclark@shaw.ca
John Clark
cyberclark@shaw.ca
Tuesday, April 03, 2007
Alberta Royalties 75% for Oil, only 25% for Alberta!
An examination of Alberta’s oil royalties and revenues under the Conservative Regime:
All royalties must be examined, not just oil and not just tar sands!
This Government is in the business of guaranteeing profits for the oil companies while ensuring Alberta only takes the bare minimum of royalty tax.
This province is being managed for the energy companies, not for the population Conservative fall out at work.
Preamble:
The price of production in conventional oil is paid by the oil companies. This aggregated cost is estimated at about 17.00 per bbl Canadian. You may recall the tar sands consortiums saying two years ago they could produce a barrel of oil below the 17.50 threshold of conventional oil.
The Tar Sands are covered for all exploration and construction expenses up front. Their costs are deducted from the sale of product until all costs are paid for. Only 1% is returned to Alberta in this period. Hardly and investment! More like a float.
The CAPP records 10 billion in investment in infrastructure and technology in 2005. If this is the case, the 10 billion dollars adventure will be paid for by the taxpayer out of the taxpayer share of oil revenues. Taxpayers pay for it; Oil Companies own it. We get no favors here!
One has to wonder where all the so called risk is the tar sands companies refer to.
Also noteworthy is these same tar sands groups and now NWT pipeline groups have shifted their conversation to “we would expect greater returns on an investment of this size”. Spin Doctors run the show.
My question to them is “How much do you get in the Philippians’; In China? In Russia? In India?
Alberta Royalties are the lowest in the world, bar none. A 15% increase in royalty would still leave us at the bottom!
We will not deal with the lease price in this document only to mention the lease prices appear to be at par with other jurisdictions. Don't confuse this revenue with royalty.
Conventional Oil:
80% of Alberta conventional royalty comes from conventional, down-hole drilling by oil companies on leases that have been purchased from the crown in Alberta.
20% of Alberta conventional royalty comes from “freehold” oil, that oil which is drilled and recovered from “private” lands that still retain their own mineral rights. The royalty rates collected from both tar sands and conventional oil and freehold are similar, 25%
Conventional Revenue distribution:
2003/2004 year Oil averaged 43.916 dollars US per bbl.
80% Conventional oil Royalty .981 billion dollarsCanadian
20% Freehold Oil ------------.288 billion dollars Canadian
Total Conventional --------$1.269 billion for Alberta
----------------------------$2.96 Billion taken by Big Oil.
2004/2005 year Oil averaged 45.05 dollars US per bbl
80% Conventional oil Royalty 1.273 billion dollars Canadian
20% Freehold Oil -------------.306 billion dollars Canadian
Total Conventional ---------$1.579 billion dollars for Alberta
----------------------------$4.737 Billion taken by Big Oil.
2006/2006 year Oil Averaged 59.6 dollars US per bbl
80% Conventional oil Royalty 1.463 billion
20% Freehold Oil -------------. 344 billionTotal Conventional
-----------------------------$1.807 billion dollars for Alberta
-----------------------------$5.421 Billion Dollars taken by Big Oil
Totals for Conventional Oil this period:
Alberta $4.655 Billion
Big Oil $13.118 Billion Dollars
Tar Sands Royalties (All expenses paid before royalty is taken)
2003/04 Alberta $.197 billion dollars Oil averaged 43.916 dollars US per bbl.
Big Oil $.591 Billion Dollars
2004/05 Alberta $.718 billion Dollars
Big oil $2.154 Billion Dollars.
Low royalities here but remember you spent 10 billion in infrastructure out of your 25%
Using Government figures, production should increase by 5 times by the year 2020 under this Government.
2020 will produce the following tar sands revenue:
2020 Alberta Revenue $3.59 billion dollars
Big Oil Profits after expenses will be $10.77 Billion dollars.
Natural gas royalty programs produce a similar figure of sell off of resources!
30% of sale to Alberta and 70% to the Resource companies.
Like the oil, this Government has decided to reduce the royalty taken by 5%.
Not to be left out of our Energy picture is the Electricity where Alberta’s advantage (lowest power in North America or Europe) was given away by this Government leaving us with the highest Utility in North America. The kicker here is the companies who are in the electrical distribution and generation businesses seem to be guaranteed a profit under the veil of the EUB.
This deal is so good American companies who sold off their holdings in the US to move to Alberta! Give away the resource that is what this Government calls making it worth while.
Creating a climate for companies to invest in Alberta means simply we guarantee them we take the lowest royalties in the world and now, guarantee those profits. Meanwhile all the costs and inflation burden falls on us, the citizens.
The short verison is: We are being governed by the energy companies.
I say, time for a change in Government!
John Clark
cyberclark@shaw.ca
All royalties must be examined, not just oil and not just tar sands!
This Government is in the business of guaranteeing profits for the oil companies while ensuring Alberta only takes the bare minimum of royalty tax.
This province is being managed for the energy companies, not for the population Conservative fall out at work.
Preamble:
The price of production in conventional oil is paid by the oil companies. This aggregated cost is estimated at about 17.00 per bbl Canadian. You may recall the tar sands consortiums saying two years ago they could produce a barrel of oil below the 17.50 threshold of conventional oil.
The Tar Sands are covered for all exploration and construction expenses up front. Their costs are deducted from the sale of product until all costs are paid for. Only 1% is returned to Alberta in this period. Hardly and investment! More like a float.
The CAPP records 10 billion in investment in infrastructure and technology in 2005. If this is the case, the 10 billion dollars adventure will be paid for by the taxpayer out of the taxpayer share of oil revenues. Taxpayers pay for it; Oil Companies own it. We get no favors here!
One has to wonder where all the so called risk is the tar sands companies refer to.
Also noteworthy is these same tar sands groups and now NWT pipeline groups have shifted their conversation to “we would expect greater returns on an investment of this size”. Spin Doctors run the show.
My question to them is “How much do you get in the Philippians’; In China? In Russia? In India?
Alberta Royalties are the lowest in the world, bar none. A 15% increase in royalty would still leave us at the bottom!
We will not deal with the lease price in this document only to mention the lease prices appear to be at par with other jurisdictions. Don't confuse this revenue with royalty.
Conventional Oil:
80% of Alberta conventional royalty comes from conventional, down-hole drilling by oil companies on leases that have been purchased from the crown in Alberta.
20% of Alberta conventional royalty comes from “freehold” oil, that oil which is drilled and recovered from “private” lands that still retain their own mineral rights. The royalty rates collected from both tar sands and conventional oil and freehold are similar, 25%
Conventional Revenue distribution:
2003/2004 year Oil averaged 43.916 dollars US per bbl.
80% Conventional oil Royalty .981 billion dollarsCanadian
20% Freehold Oil ------------.288 billion dollars Canadian
Total Conventional --------$1.269 billion for Alberta
----------------------------$2.96 Billion taken by Big Oil.
2004/2005 year Oil averaged 45.05 dollars US per bbl
80% Conventional oil Royalty 1.273 billion dollars Canadian
20% Freehold Oil -------------.306 billion dollars Canadian
Total Conventional ---------$1.579 billion dollars for Alberta
----------------------------$4.737 Billion taken by Big Oil.
2006/2006 year Oil Averaged 59.6 dollars US per bbl
80% Conventional oil Royalty 1.463 billion
20% Freehold Oil -------------. 344 billionTotal Conventional
-----------------------------$1.807 billion dollars for Alberta
-----------------------------$5.421 Billion Dollars taken by Big Oil
Totals for Conventional Oil this period:
Alberta $4.655 Billion
Big Oil $13.118 Billion Dollars
Tar Sands Royalties (All expenses paid before royalty is taken)
2003/04 Alberta $.197 billion dollars Oil averaged 43.916 dollars US per bbl.
Big Oil $.591 Billion Dollars
2004/05 Alberta $.718 billion Dollars
Big oil $2.154 Billion Dollars.
Low royalities here but remember you spent 10 billion in infrastructure out of your 25%
Using Government figures, production should increase by 5 times by the year 2020 under this Government.
2020 will produce the following tar sands revenue:
2020 Alberta Revenue $3.59 billion dollars
Big Oil Profits after expenses will be $10.77 Billion dollars.
Natural gas royalty programs produce a similar figure of sell off of resources!
30% of sale to Alberta and 70% to the Resource companies.
Like the oil, this Government has decided to reduce the royalty taken by 5%.
Not to be left out of our Energy picture is the Electricity where Alberta’s advantage (lowest power in North America or Europe) was given away by this Government leaving us with the highest Utility in North America. The kicker here is the companies who are in the electrical distribution and generation businesses seem to be guaranteed a profit under the veil of the EUB.
This deal is so good American companies who sold off their holdings in the US to move to Alberta! Give away the resource that is what this Government calls making it worth while.
Creating a climate for companies to invest in Alberta means simply we guarantee them we take the lowest royalties in the world and now, guarantee those profits. Meanwhile all the costs and inflation burden falls on us, the citizens.
The short verison is: We are being governed by the energy companies.
I say, time for a change in Government!
John Clark
cyberclark@shaw.ca
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