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Wednesday, September 19, 2007 

Albertans Missing Out On $Billions$ In Oil Royalties

-"Albertans do not receive their fair share from energy development,"

-"Albertans own the resource. The onus is on the government to re-balance the royalty and tax system so that a fair share is collected."

-Associated Press
-Globe & Mail

Isn't this the same thing that Newfoundland and Nova Scotia were saying recently?

And, isn't Saskatchewan crying the blues about mineral and resources royalties?

Newfoundland should accept the status quo....the constitution clearly states who has jurisdiction over the offshore. They are going to get rich either way.

In the media there are all sorts of cries about increased royalties killing the goose that lays the golden eggs.
CBC interviewed an investment specialist who said that royalties would still be lower than in many countries.
The gooses eggs are already there and with global demand increasing and supplies decreasing the goose owners should charge more. Isn't that simple capitalist economics after all.


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