Thursday, March 06, 2008

1.4 billion in promises to be paid for by you!

Newspaper reports say that Stelmach made 1.4 billion dollars in promises and continued to suggest there is no money in the revenues to pay for this.

This in turn opens the door for Stelmach to charge the people of this province more for goods and services or his last choice in tax.

The tar sands are producing more than 1 million barrels per day. The price of oil is above 1.00 per barrel. Stelmach reduced the royalty from 25% to 19% a difference of 6 percent.

At 1.00 a barrel price on oil that will be 6 cents per barrel reduction.
He gave away 60,000 dollars per day of our royalty to oil companies and continues to do so.

That is 22 million dollars a year he gave up because he thought it was enough for Alberta.

When he comes after you for more money tell him to get it off the oil we give away.

John Clark
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