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There is a huge amount of BS hitting the streets and news regarding Royalties.
Simple truths:
40.00 % per BBL US is lower than the lowest price in the word.
20.00 % per BBL US is a huge give away to the oil industry. Some call it compromise.
Huge expenses cited by the oil companies are in reality paid for, dollar for dollar by the Alberta Taxpayer and, they are not audited. For this reason the oil industry has no regard on what they spend or where.
Most of the “new tar sands programs” are going to export their product out of province for upgrading. No profits for the taxpayer here. Why proceed?
If you want to get rid of this Government you have to vote!
John Clark
cyberclark@shaw.ca
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