Oil Biz Diverts Cash from Alberta

In an amazing exhibition of monopolies controlling markets, Big Oil has managed to leave Alberta out in the cold while continuing its own endless parade of spiraling profits.


 


Despite a recovering U.S. economy, strong demand and a steady price for gas at the pump, Alberta is staring at a $6 billion shortfall in oil revenue, due to decreased prices and demand for Alberta bitumen in particular.


 


http://www.huffingtonpost.ca/2013/01/24/alison-redford-tv-address-alberta-budget-oil-shortfall_n_254...


 


So, it turns out Alberta's wealth is not only being squandered on useless conservative ideological adventures such as gratuitously paying off municipal debt, cutting taxes to the bone and lavish subsidies to the oil business... it seems the source of Alberta's wealth is actually at risk due not to "radical" environmentalists, but to the cut throat tactics of the very oil industry that has gorged itself so grandly on Alberta's corporate charity system over the years.


 


This, combined with increased supplies generated by fracking for oil in both the U.S. and to some extent in Saskatchewan, has caused prices and demand for Alberta bitumen to slacken dramatically.


 


We need an immediate return of a strong publicly owned Canadian player in the oil business - that would be a global leader in sound environmental practices in production, refining and retailing. This corporation's mandate would be to earn a profit while defending Canada's interests.  


 
Also immediate addition of new private domestic refineries and gas retailers to ensure the existence of a healthy competitive marketplace. 

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Oil Biz Diverts Cash from Alberta

Living in a "Have Not" province as you do, Art, I understand you have a vested interest in seeing Alberta's oil revenues maximized.  The standard of living you Quebecers have become accustomed to is somewhat dependant on those transfer payments, yes? 


 


Despite your ideological penchant to focus negativity on all endeavours Conservative, the problem here is: "We still have the highest amount of total per capita revenues of any province. The problem is we've also got the highest per capita spending of any province," said Smith.  


 


The core business of any business is to stay in business.  Which means spending less than you are making.


 


 

Message 2 of 74
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Oil Biz Diverts Cash from Alberta

The standard of living you Quebecers have become accustomed to is somewhat dependant on those transfer payments, yes?


 


The operative word being somewhat, and at that, only to the extent that these low-effort revenues have been available and both Quebec and Alberta, and the ROC have some to rely on them...


 


ie - another easy way out for corporations to earn windfall profits without having to do too much or actually create anything. Abetted by the Harper and Alberta governments pandering to reduce corporate taxes and environmental responsibility.


 


Better look again at Denmark's economy before deciding how reliant any of our provinces really are on the oil industry. Canada has no intrinsic need of an oil industry.


 


What I am saying is that, if we are going to have an oil industry, is there any reason why it can't be run sensibly, as per the Norway model?

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Oil Biz Diverts Cash from Alberta

Perhaps if that twit of a Prime Minister had not based her budget on $120 a barrel of oil we would not be in this mess. I think she is angling for an HST.

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Old enough to know better. Young enough to do it again. Crazy enough to try
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Oil Biz Diverts Cash from Alberta

Quebec….”have not”? Hummmm …..well the Muslims are off the dart board and some people have had their go at the Natives……now the next on the list seems to be Quebec.


 


Art….speaking ill of Alberta is not acceptable in the world of the ultra-right-winged CONservative Harper followers. Even those who do not live in Alberta they still consider it the Church of the Nativity where even though he was not born there….it is where Stephen Harper was made sacrosanct. Harper was not given gold, frankincense and myrrh…he was given oil, greed and arrogance. To them it is acceptable to sell off our resources to anyone on the outside, even a Communist dictatorial country. It’s as if they all were suddenly injected with DNA from Kevin O’Leary….”I want moneyyyyyyy”!…no matter what I have to destroy to get it.


Selling off Canada’s resources is like having a 4 bedroom house and your father rents out your rooms and the family finds themselves sleeping in the crawl space in basement. If you do not control your own home….you lose it. Here we are in Canada, a wealthy nation and with resources the world wants and we have technology and lots of people with knowledge or who could be trained…… but we still sell it off. With the third larges oil reserves in the world……….How ridiculous!


 


The core business of any business is to stay in business. Which means spending less than you are making.


 


Actually the core of business is to keep all the money for yourself. If you have a business and outsource it to everyone else you make ‘x’ amount of money. If you do the work yourself, have skilled people and manage your own money….. you make ‘xxxxx’ amount. In my business the money goes in my pocket………no one else’s.





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Oil Biz Diverts Cash from Alberta

Actually the core of business is to keep all the money for yourself. If you have a business and outsource it to everyone else you make ‘x’ amount of money. If you do the work yourself, have skilled people and manage your own money….. you make ‘xxxxx’ amount. In my business the money goes in my pocket………no one else’s.


 


is that a flip or a flop? We Have been told many many many times that you are the best employer and all your employees "share" in the profits of the company as they are like "family" now you say YOU get the money and nobody else?


 


Ok time to come up with another story how you "meant" that?????

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Oil Biz Diverts Cash from Alberta

Ross, I think that you mean premier and I do agree that part of the problem is that she did her  budget based on high oil.... totally incompetent.


 


 


Art....low effort? I wouldn't call the oil industry low effort. Yes, Alberta does benefit from oil as many here work in that field or in related industries. From what I understand, Quebec has quite a few more social programs than we do...in part because you do receive some transfer payments. I don't understand why Quebec does need such a high percentage of transfer payments as I thought that the province was quite resource rich.  


 


prior.....Quebec takes the largest share of transfer payments, I would assume that's all the pd was referring to. Surely you already knew that??


 

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Oil Biz Diverts Cash from Alberta

mikey……..my pocket…..from which I pay all, including employees. You knew that, or should have, especially if you supposedly do taxes for a living.


 


 


Surely you already knew that??


 


Yes, but that wasn't explained ....if,..... that was what was meant. So it's still up in the air.


 


 





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Oil Biz Diverts Cash from Alberta

mikey……..my pocket…..from which I pay all, including employees. You knew that, or should have, especially if you supposedly do taxes for a living.


 


first off yes steve does taxes BUT the "money you make" is AFTER ALL expenses are paid and any "good" business person would know that.


The key word is MAKE


 


looking at what you have posted ---I'll show it again!!


Actually the core of business is to keep all the money for yourself. If you have a business and outsource it to everyone else you make ‘x’ amount of money. If you do the work yourself, have skilled people and manage your own money….. you make ‘xxxxx’ amount. In my business the money goes in my pocket………no one else’s.


 


even if they "outsource" the same amount of money would go in "thier" pockets as yours--then they would 'as you say" pay employees-thus leaving LESS in their pockets!!


 


but I am sure your smart enough to realize YOUR mistakes!!

Message 9 of 74
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Oil Biz Diverts Cash from Alberta

There is no mistake and frankly.....I'm not in a mood today to be baited.


 


 


Fly little sparrow, fly, fly, fly.





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Message 10 of 74
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Oil Biz Diverts Cash from Alberta

normal answer when you get caught ! your wrong and got caught!!!


 


better go fishing--bring some frying pans with you the cabinets are empty.

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Oil Biz Diverts Cash from Alberta

Art....low effort? I wouldn't call the oil industry low effort. Yes, Alberta does benefit from oil as many here work in that field or in related industries.


 


No there has been a certain amount of effort of course. Just ask thousands of Canadians who have worked seismic across untold miles of frozen tundra for minimum wage.


 


It takes one kind of an effort to tap into riches laying under the ground, using mostly existing technology and often underpaid labour -


 


Another kind of effort to take a country with few resources and keep its economy humming through thick and thin as Denmark does.


 


Wow, check this out - looks like the cartels have been steadily lowering the price of gas at the pumps in Alberta vs the rest of the country over the past few months - who would ever think they would do such a nefarious thing as collude to manipulate the gas price so as to lessen the chance of Albertans realizing how badly they are getting shafted by big oil... (click on Canada average and Calgary)


 


http://gasbuddy.com/gb_retail_price_chart.aspx

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Oil Biz Diverts Cash from Alberta

As a Newfoundlander, anytime you want to go fishing mikey, you just let me know.





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Oil Biz Diverts Cash from Alberta

They're not listening art.





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Oil Biz Diverts Cash from Alberta

haha, yeah par for the course...


 


better still though, click on Toronto or Montreal and Calgary and compare over the past few months - a sharp trend of the gas price dropping in Alberta compared to ROC.

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Oil Biz Diverts Cash from Alberta

It takes one kind of an effort to tap into riches laying under the ground, using mostly existing technology and often underpaid labour -


 


Yeah, there's nothing to it at all.  Just ask Jed Clampett.


 


Another kind of effort to take a country with few resources and keep its economy humming through thick and thin as Denmark does.


 


Them Scandanavian welfare states are models of perfection, ain't they?  lol.

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Oil Biz Diverts Cash from Alberta

Them Scandanavian welfare states are models of perfection, ain't they? lol.


 


Not bad actually for those who understand.


 


Denmark's economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom of the World. Denmark is one of the most competitive economies in the world according to World Economic Forum.


 


Denmark has the most free labour market in Europe, according to the World Bank.


 


The World Bank ranks Denmark as the easiest place in Europe to do business. Establishing a business can be done in a matter of hours and at very low costs.


 


Denmark has the fourth highest ratio of tertiary degree (highest education) holders in the world.  


 


Denmark has the world's lowest level of income inequality and the world's highest minimum wage, according to the IMF. As of June 2010 the unemployment rate is at 7.4%, which is below the EU average of 9.6%.


 


Denmark's electricity sector has integrated fluctuating and unpredictable energy sources such as wind power into the national grid. Denmark now aims to focus on intelligent battery systems (V2G) and plug-in vehicles in the transport sector.


 


A welfare state.......... is a "concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life.





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Oil Biz Diverts Cash from Alberta

cats1953
Community Member

""


Quebec….”have not”? Hummmm …..well the Muslims are off the dart board and some people have had their go at the Natives……now the next on the list seems to be Quebec.


 


""


 


duh?  Quebec is a 'have not province'.  A little over-eager on the trigger - aren't you?

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Oil Biz Diverts Cash from Alberta

I think the 'have' and 'have not' concept is draconian. Each Province gives their share of many things to Canada as a whole. For those Provinces with money to feel superior those who do not have the same is one of the factors in the mentality of division within Canada. Then when people use it to 'look down' on another Province, especially for their agenda, it's a childish school yard attitude like some rich kid making jokes about some other kid who is from a family with less money.


 


"In Canada, the provinces are loosely divided into "have" and "have not." "Have not" provinces do not generate enough money domestically to cover their federally-mandated programmes (i.e. healthcare, welfare, pensions). "Have" provinces are the ones that do generate enough money to pay for their provincial programmes. Alberta and Ontario are the have provinces, Quebec is the benchmark of standards that the provinces have to meet, and all the others are "have not"."


 


"The Territories don't factor in at all. They lack the autonomy over their resources that the provinces have, and receive their operating budgets directly from the federal government. In exchange, the feds take all the profits derived from the Great White North. They're set, as they can never go broke, but they can never profit and prosper. They won't wind up in the hard shape of PEI, but they won't be rolling in dough Alberta style. Thus the major difference between a province and a territory. (PS, Alberta's per capita GDP is ~55000 dollars ... NWT is at about 85k. If you think Alberta's rich, if there was a province of NWT, the few people that live there would be raking it in hand over fist even more than the Albertans.)"





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Oil Biz Diverts Cash from Alberta

cats1953
Community Member

http://en.wikipedia.org/wiki/Equalization_payments_in_Canada


 


This might just be a better source for 'have' and 'have not' provinces.

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