Friday, May 06, 2011

Alberta told to quit selling the farm!

The hand picked Conservative panel is setting the stage for Zero royalty!

Our present royalty on oil and gas is down to 5% and taken in Canadian Dollars.
Our tar sands revenue is about 10% now except for the builds and rebuilds which are still at 1%

The Conservatives have capped the Heritage Trust Fund appreciation at 4%.  When the fund was probably bringing in 20% at the height of the "good times" anything in excess of the 4% was drawn off and used in General Revenues. 

To date they have siphoned off more than 70 billion dollars from the fund for general operating expenses!   

That is 11 years of provincial operations have come from the Heritage Trust fund, not the oil industry!

As far as diversifying the economy goes; these guys are simply not interested in doing that.  They consciously through away the Alberta Advantage with the open market electrical scam which cost the Alberta Taxpayer 6 billion dollars for power lines.  

They curtailed a whole generation of kids opportunities by directing them to trade schools rather than University!

They have crushed other industry to provide labor for the oil industry which, is listed as only #60 in Alberta's list of employers.

Now, fully subscribed to the Conservative indirect taxation program, the cities can charge pretty much what ever they want for electricity, gas and water as the province continues to cut payments and support to communities.  The result is the highest priced power in North America!  And, its going up as more line charges are added to our bills to cover new construction of power lines.

ATCO some time ago said it was dropping pipeline constructions as they only pay10% on the Government's cost plus schemes whereas Power lines pay 15% on the same cost plus, not audited program.

Ted Morton and the Federal Conservatives are on a course to turn Canada Pension Modifications over to the provinces.  This means the province can treat your pensions the same way they treated the Heritage Trust Fund.  We  have been told in advance to curb our expectations.  Wow!

The Wild Rose Party are offering no more than the Alberta Conservative and their trained monkey  committees.

We are being totally ripped off by the Conservatives!   What will it take for Albertans to get interested in the vote on one hand and look at something other than Conservative to lead their futures.
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