Friday, July 09, 2010

Alberta Oil Roytalty is theatre; not fact!

Liepert is at it again!

He is muddling facts to suit his purpose trying to legitimatize the phony oil royalty sheet published in order to get them elected last time. Lies compounding lies.

The "new regime" they published at the last election showed impossible royalty to be charged 2 years after the election. These turkeys are not in the business of increasing royalty!

This same .PDF shows the huge increases. It starts out the oil sands royalty goes to 25% (our original deal) when oil gets to 55.00 per barrel Canadian. This same publication reduced our take from USD to Can$. However, our present rate and rate at the time of this publication was less than 19% as was bounced by AG Fred Dunn.

The same sheet increments royalty by about 1% for every 10 dollars Can increase in the price of oil. When oil gets up to 90 dollars we get 38.00 per barrel.

Liepert scrapped this when it started to come in effect. Now, we are back to the old royalty of less than 16% less the addition of a new Alberta Make Work Program that was announced as being a redraft of the published oil regime but in reality has nothing to do with it at all!

What this new "tweak" does is give away a huge amount of Alberta revenue. The Journal ran a story about 2 weeks ago where a company was drilling to 2700 feet and made a million dollars profit with the subsidy of the new regime. They did not have to produce anything to collect this. Their intention as outlined in the article was to continue drilling wells for profit.

Nothing will change until you get rid of the Conservatives! Wild Rose is simply another right wing charade being run by Dinning's crew to keep the fire at Stelmach's feet.

If you want anything left of this province at all, turf them all out!
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