Claudius
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Posts posted by Claudius
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I didn't read past this....
Its not enough though...not even enough for main stream media to cover....just once!!
LOL! Nonsense. Of course it's enough. It's not that it's "not enough", it's that it's not enough for a goal-post shifter. It's not that a Senior advisor on Royalties policy, the Auditor General and an entire review panel hired by Klein backing Jim up is not enough, it's that it's not enough for you. It never will be as I predicted and you keep proving.
However it`s plenty for anyone honest.
Now even Alberta Venture Magazine isn`t manistream enough for you. How convenient you think that you decide what's mainstream enough before you just move on to some other disengenuous reason to ignore reality. Children also think their little game of repeating, "But why Daddy? But why Daddy? But why Daddy?" over and over and never accepting the answer is clever and believe that somehow that'll get them the reality they want instead of the reality that is.
There's an entire society dedicated to the idea that the world is flat too. God, Shiva and Buddha could literally appear, part the clouds and tell them they're wrong, and they'd just sit there and say, "Nah-uh! Is not!". That all the evidence is not enough for them doesn't stop our satellites from orbiting the Earth.
No, AC, luckily that it's not enough for you is completely irrelevant. You're not the arbitrator of truth though it's plain you think you are. 9 experts now - Jim Roy, Fred Dunn the auditor general with all the information in front of him that you don't have, and a 7-member panel of others hired to assess the royalties all saying basically the same thing: Royalties are low, and the royalties we have, have been miscalculated costing us even more money.
Alberta could have had billions instead of cuts to health care and education, all of which surely led to unnecessary misery and likely even deaths, all because people just like you refuse to believe what is plainly, inarguably right in front of them and think they're being clever in doing it.
Meanwhile I'll post some more links from sources that "aren't good enough", for the honest people on the forum to profit from:Alberta losing billions on energy royalties: auditor generalThe government itself has identified roughly $1 billion per year in royalties that were owed by energy companies but were never collected, Dunn said, adding that the principles of transparency and accountability have not been followed when it comes to oil and gas royalties.
Dunn said that up until recently, Albertans have been forced to file freedom-of-information requests to get a clearer picture of whether the full value of royalties was being collected, and whether royalty rates were fair and competitive.
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Blah blah blah. Didn't even bother to read it. Now or 1000 posts from now, Jim Roy, former Auditor General Fred Dunn and an entire review panel hired to specifically assess the situation, (who were also all fired with Jim Roy because they were telling Klien what he didn't want to hear), completely, inarguably silence your irrelevant nattering. That's enough for intelligent and honest adults. That you're not part of that demographic doesn't surprise me. I guess that's why your side lost the election. Intelligent Albertans prevailed.
Keep on babbling and embarrassing yourself.
Oh! Also thanks for proving what I said about evidence, expertise and reality having little affect on your species of perpetual arguer. Hopefully it might warn rational people away from this forum so they don't waste their valuable time. :-)
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The Harper government is signalling its intention to use hate crime laws against Canadian advocacy groups that encourage boycotts of Israel.
I say let him. No, actually I dare him. This is a perfect opportunity for the Supreme Court to save us all a lot of time and money by striking the law as unconstitutional as they did with manditory minimums, extended detentions and safe injection clinics.
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Oh, speaking of mainstream media, apparently it's not just Jim Roy but the Auditor General as well backing up his claim:
Exile in the Oilpatch: Alberta’s oil and gas royalty mess
"Roy doesn’t think Alberta has captured its fair share of oil and gas profits for a decade. ***This puts him in complete agreement with the auditor general, Fred Dunn, as well as members of the 2007 royalty review panel who concluded that Alberta had “the lowest government take” of almost any jurisdiction in the world.*** In fact Roy now calculates that Alberta captures somewhere between 30% and 40% of the profit available from oil and gas production instead of the province’s official target range of 50% to 75%. Nor does he think leaving billions on the table, as the auditor general has asserted, is good for industry or Alberta. “It’s not in industry’s interests for government policy to be stupid,” says Roy."http://albertaventure.com/2008/09/exile-in-the-oilpatch-albertas-oil-and-gas-royalty-mess/
I suppose Alberta Venture Magazine will now be religated by yourself as "not mainstream media" for no better reason that it's convenient for you.
More interesting reading you can ignore..."In May 2008 Auditor General Fred Dunn repeateed his charge that the Alberta government had failed to collect billions in royalties since 2001."
https://books.google.ca/books?id=MYesAAAAQBAJ&pg=RA1-PT7&lpg=RA1-PT7&dq=Jim+Roy+fired+royalties&source=bl&ots=BJSEzAckHD&sig=tfJTy-QRVlS15bQr9im9l8ldyT4&hl=en&sa=X&ei=zkBRVZ-wMMiXNrnEgXA&ved=0CCsQ6AEwAg#v=onepage&q=Jim%20Roy%20fired%20royalties&f=false
I suppose again this is all invalid because you can just baselessly claim Fred Dunn the auditor General was just bias?
lol. -
Blah blah blah blah. Your meek attempts to insult and your transparent bluffing only embarrass you further.
I refer you to your own blustering pompous demand from earlier:On this site you need to back up your claims and not just with you spewing more BS.Research Your Post
If you are stating a fact, be prepared to back it up with some official sources (websites, links etc).I have done this.
I have numerous links.
I have the expert testimony.
I have an entire essay of figures and data to prove the claim by the expert in question.
Let's review what you have:
Nothing.
-You have no links proving the laughable claim that if something isn't reported by the mainstream media, (or more accurately that none show up on the first page of a Google search), then somehow that proves that something is incorrect.
-You have no links proving - beyond a shadow of a doubt - Jim Roys bias to the extent he would lie and make up figures.You have nothing. By your own definition I win, you lose.
Now everyone reading this knows that regardless of what you actually believe you will post back until the Second Coming with insults and bluster and bluffing and baseless assumptions hoping to save face in front of your imaginary audience. By all means have at it. Everyone knows internet cranks will argue that, "2 + 2 = banana" until the end of time no matter how much proof you rub their nose in. The argument is over. You lost and you know it, because as you say:On this site you need to back up your claims and not just with you spewing more BS.
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Wow...I guess I'm not on ignore.
I don't need to the math
He doesn't need to do the math to prove the math is wrong. LOL.
I haven't seen something that stupid in print since I drove through Arkansas.
Thank you for admitting that your claim his figures are incorrect has no rational basis at all.
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The man was FIRED in 1993. I am quite certain that his bias is quite a bit larger than mine. As I have already said, although I see you have problems with reading, if this story was picked up by a main stream journalistic source and proven to be factual then I would be all ears.
(sigh) The notion he was fired or that mainstream media hasn't run the story is 100% irrelevant. It's a logical fallacy actually.
The guy presented his case using facts, figures and data. Facts, figures and data you didn't even bother to read. If you can find something wrong with those with those figures, showing that they don't add up the way he claims they do, then you would have a counter-point.
Claiming those facts, figures and data don't add up because he's bias or because he was fired or because mainstream media hasn't run the story is about as relevant as claiming he's wrong because he's a Pisces. Either 2 + 2 = 4 or it doesn't. Claiming the math teacher is bias and that somehow means that 2 + 2 doesn't equal 4 is mutally embarrassing.
Either you can demonstrate how his figures are incorrect, or you can't. There is no third option. There is no "opinion". There is no debate. Either the numbers are right, or they aren't and it doesn't matter if his intentions are pure as the driven snow, or he's Satan himself.
Until then, when discussing Alberta royalty rates, a senior advisor on Alberta Royalty rates for the government of Alberta outweighs the claims of a million internet ranters regardless of whether he was fired, promoted or anything else.
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If the oil barons had listened to him at the time they could have had input into the process with a friendly government.
Yeeeep. Someone's going to break. We pushed back against the taxes, and the oil companies do the same. We have to be braver. We have as much oil as Saudi Arabia, but we have huge wait times in hospitals and roads that would embarrass Zimbabwe. That oil is worth more than just, "a job".
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Dude. I am going to take this one day at a time. Then pass judgement.
Doesn't get more rational, adult or honest than that. Kudos.
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You just keep proving my point. Thanks. :-)
Do you honestly think that he is speaking without bias or agenda.
You have a bias agenda too, most people do. The diffence is you were never a senior advisor on royalty policy and he has the (real) information to back his claims.
I guess it sucks when you too many people call you out on your poor claims.
No it sucks when someone demands you back up a claim with a link or website and then when you do they just start dancing around making up childish reasons to ignore it. You wanted a link. Now you want 4 or 5 from an organization you decide is "mainstream" media. Anyone can move goal posts. It's not hard. I suppose if "mainstream media" does pick up the story you'll just fall back to your, "he's just bias" defense.
Here is the man himself, Jim Roy with the Parkland institute with all the data one needs to back up the claims, data that you will doubtlessly ignore and refuse to even read:Billions Forgone: The Decline in Alberta Oil and Gas Royaltiesby Jim Roy
Alberta introduced new royalty formulas in 2009, expecting to collect an additional $2 billion per year in royalties. The result, however, was not what was expected. Instead of collecting an additional $10 billion over the following five years, total royalties collected went down by $13.5 billion. What caused this $23.5 billion difference between expectations and reality? Was it bad luck, bad management, or bad information?
Some say it was bad luck; the government points to the price and claims that nobody can control it. However, the average annual value of production was $83 billion in the five years before 2009 and $82 billion in the five years after; this is not an overall drop in price.
To see why the royalties Alberta collected have been $23.5 billion less than expected, we need to look at the individual formulas. As shown in Table 1, the big change was in gas royalties, which dropped by just over $5 billion per year following the 2009 change. Gas went from providing two-thirds of total royalties to providing only one-sixth of total royalties.
http://parklandinstitute.ca/research/summary/billions_forgone
I look forward to your dancing around and pretending you know more than him, further solidifying my point that proof is meaningless to you. Kinda makes you wonder why someone would bother spending hours collecting information you demand doesn't it?
It also sucks when someone demands you find a PC candidate who "wasn't really interested in running", when this is his claim and nothing to do with mine. I never claimed there was a PC candidate who "wasn't really interested in running".It also sucks when everyone is guessing about the future and someone thinks they're making a point by saying, "You're just guessing!" lol.
It also sucks when you spend the time gathering links, like say some young PC candidates and you know full well the other personwill just say, "That's not young!" or "That's not 'plenty'". Why bother? Just fast forward and let them prance around thinking they've "won" something.
Kinda makes a rule that says you have to back up claims with a link useless or otherwise meaningless doesn't it?
It also sucks when the person you're spending time to reply to doesn't know what "per capita" means. Total waste of time. Or wasting time on someone who thinks that ego has nothing to do with motivation behind posting because everyone is "anonymous". lol. This happened last time.
So yeah I'll be ignoring you, and you can dance around with the last word and all, and when my email notification alerts me to a rational post, by an adult with the pride necessary to be honest, who has disagreement with something I've said or claimed I'll come back and answer them. -
Late last week, it was also claimed by former Alberta Energy consultant Jim Roy that the province missed out on almost $13 billion in royalties since 2009 due to miscalculations.
http://www.fortmcmurraytoday.com/2015/05/04/we-wont-get-fooled-again
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If the senior advisors comments were in fact true and there was nothing more to it then I would be certain that main stream media would pick up the story. I guess that's another thing you need to learn here. The source matters. You have nothing until you have a credible source.
Thanks for proving your claim "that on this site we need to back things up" is a load of BS. I give you the former senior advisor on Royalty policy with the Alberta Government telling you that the royalty calculations were wrong and you sit there babbling about how the source isn't good enough. It is. Period. You prove everything I said by rocking back and forth yelling, "Nah-uh. Is not! He must be lying even though I really haven't the foggiest notion one way or another"
Do you ever get tired of being wrong? Here....directly from the forum rules:
Research Your Post
If you are stating a fact, be prepared to back it up with some official sources (websites, links etc).
....and that's precisely what I did with the $13 billion royalty miscalculation claim, and what did you do? You ignored it and made a bunch of childish excuses. Do you ever tire of proving my point for me?
If the senior advisors comments were in fact true and there was nothing more to it then I would be certain that main stream media would pick up the story.
Really? Why? Because you say so? Here we are again with the goal posts being moved back. He's the senior policy advisor on royalties to the Alberta Government. It doesn't get more credible than that and here you are fumbling around with the most ridiculous excuses to simply ignore what he said. Again you only prove me correct: I could get God himself to tell you you're wrong and you'd just sit there going, "Nah-uh! Am not!"...Which makes your "we back up our claims around here" the joke it is. No, you IGNORE backed up claims.
So yeah you're the second child I'm done with. Ignored all the rest of your replies.
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Because the 20% interest rates weren't mythical back then
But they are now, so.....
If you don't think that these public service and teachers unions carry a massive sway in this province then you are deluded.
And if you think Alberta hasn't been ready to show the PC's the curb for 10 years you're deluded.
As for the proposed NDP rates, Alberta would be HIGHER than BC and the SAME as Sask.
Not once you factor the PST. Now we're arguing in circles again because I pointed out the PST and you choose to ignore it because that's the only way your math adds up.
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On this site you need to back up your claims and not just with you spewing more BS. You keep saying there were many young and inexperienced PC candidates. How is this possible to be inexperienced when 70 of 87 were INCUMBANTS. LOL.
lol!! No. On this site you need to try and argue things the other person never said, rather than what they did say. The excuses I've seen people post on this site are hilarious. Last time I was here I made a point involving infrastructure spending on a per capita basis and some nob tried to tell me, "Yeah but Ontario has more people!". lol. If a person doesn't 't know what per capita means or signifies then there'sreally no point talking to them is there?
The last guy I spoke to on this thread thought he was making a super intelligent point by telling me, "You're just guessing". I literally chuckled for about 5 minutes over that. Yes I'm guessing. I'm guessing, he's guessing, Kevin O'Leary is guessing - everyone is guessing because no one knows for sure yet - they've been in office, officially, for 24 hours. There's really no point wasting time trying to have a sincere discussion with people like that.
So, no, I don't actually need to show you PC's who 'didn't really want to run' since that was never my contention. That was YOUR contention. So no that was BS you spewed and no, I'm not remotely responsible for proving it wrong. It was never my contention.
How is this hard? Because you know your claim is wrong? Show me PLENTY of the PC candidates that you said were young and inexperienced.
How is it hard? Because their profiles have magically disappeared from the records. Sure I could show you 10 and you'd say "that's not plenty". I could show you 20 and you'd say, "that's not plenty". That's how guys like you operate.
Again...I have no problem with age itself...
Really? That's what it seemed like to me. If I'm wrong fair enough but that's certianly what it sounded like.
I am curious about this. Why is it that I can only find this link on The Tyee or Thinkpol?
I'm curious as to why that's not enough? I can understand not trusting the Tyee all by itself, they're definately a source with a slant, but all you have to do is read where their infomation is coming from to get an idea of whether or not it's accurate:
"The Alberta government has failed to collect nearly $2.5 billion per year in resource royalties since 2009 due to a major calculation blunder, according to Jim Roy, a private royalty expert who advises governments around the world."
"As a consequence, the province has failed to collect $13 billion in the last five years, charges Roy, a former senior advisor on royalty policy for Alberta Energy."
"After a controversial royalty review, the first one in a decade, premier Ed Stelmach told Albertans that the new formulas for calculating royalties would increase Alberta's ''fair share'' of hydrocarbon profits by $2 billion a year, beginning in 2009.
At the time Jim Prentice, then federal industry minister, supported the changes proposed by Stelmach.
But instead of increasing royalties by $2 billion a year, Alberta's ''fair share'' plummeted due to bad forecasting and major flaws in how the province collects natural gas and bitumen royalties, Roy said."
Now if a former senior advisor on Royalty policy with the Alberta Government isn't enough for you then nothing will be, which kind of exposes your whole, "On this site we have to back up our claims", as the laughable BS it is. People can prove their claims all day and others can sit there with their hands over their ears, their eyes pressed shut shouting, "I-can't-hear-you! I-can't-hear-you!". Doesn't mean the claim wasn't backed up, it means the other person is too weak to accept it and move on with a different point.
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“The oil and gas industry in Canada works with governments of all political stripes at all levels of government, whether it’s federal, provincial or municipal,” said Jeff Gaulin from the Canadian Association of Petroleum Producers (CAPP).
“Obviously there is a lot of concern about what will the impacts be of a new government in Alberta on the industry. And we share those concerns,” he said. CAPP looks forward to sitting down with the new government to discuss those concerns, he said, namely how to protect jobs and increase investment in the oil sector.
“At the end of the day, I think the Alberta government and the oil and gas industry have the same interests. When our industry is strong, the Alberta economy is strong and the Alberta government is strong and working families are strong.”
But it’s likely far too soon to know what the ultimate effect of the NDP’s election will be on the economy, said David Allwright, dean of Bow Valley College’s Chiu School of Business. “Don’t ever try to predict the future based on the reaction the day after an election.”
Corporate tax increases will likely have some effect, he said, but it’s unlikely they will be as damaging as former premier Jim Prentice was predicting during the election campaign. “I don’t think a lot of organizations are going to be pulling the plug and abandoning Alberta,” he said.
“A small change in the corporate tax structure in relation to all of the other things that are going on, particularly the price of raw resources, that’s only one factor.”
TD Economics agrees. “We are not inclined to change our economic forecast based on yesterday’s election result. The most important driver of Alberta’s prospects remains the price of oil,” reads a report put out by the bank’s deputy chief economist Derek Burleton Wednesday afternoon.
http://globalnews.ca/news/1983741/how-the-economy-is-reacting-to-the-alberta-ndp-win/
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So you're guessing and of the assumption that the Alberta NDP can do anything...
k, done with you now. I stopped reading you right there and will be ignoring you from here on in.
Assuming that the NDP can calculate royalty rates properly is not assuming that they can do anything. And frankly, you're guessing as well.
You can't argue what I say, you have to try and argue what you *wish* I said. No time for that level of childish dishonesty.
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But you think they will raise the corporate tax and oil royalties.....
Maybe. As I pointed out before, they need only calculate the royalties correctly to gain $2.5 billion per year. Maybe they'll review it and decide not to change it. I do think they'll raise the corporate tax rate, but they may only raise it 1% instead, for example.
Job growth and decline are fungible.......the NDP's polices weren't in play several months ago
No, but the price of oil was even lower than it was today. Point is despite the low oil prices, despite the doomsaying, Alberta keeps gaining jobs. Your prediction that the NDP policies will change that when the price of oil is now climbing back to normal every day is not convincing to me.
If Alberta is gaining jobs with a $40/barrel of oil, predicting job loses over a 2% tax hike when oil prices are back to $80-$100 a barrel, which will be within 6 weeks if we go by the previous 6 weeks...
...well again, 'not a compelling predicition' is the most polite phrase I can think of.
Crescent Point is valued more than Nexan, Talisman and Encana in the gas exploration industry.....hardly a small player.
303 employees is a small player. Especially when you mentioned them in line with Shell and Suncor. As I proved most of their business is already in Sask, and their projects in Alberta are new. Nexens' investment in the oil sands is also small - 5%.
"The company's (Cresent Point) two major resource plays are the Bakken formation in southeast Saskatchewan, and Shaunavon in southwest Saskatchewan.
Emerging plays include southern Alberta, where Crescent Point has amassed more than one million net acres of land, and Flat Lake, an area in southern Saskatchewan, North Dakota and Utah."
Shell has been reducing both investment and workforce in Alberta for months.
Yes actually I said that. All based on new projects.
Are you trying to contend this has something to do with the NDP and not the price of oil? If not then I don't see your point.
....and you expect that when the NDP Government raises their taxes and royalty rates that Shell will reverse this trend?
Okay so now we're talking in circles because you refuse to read my posts. Perhaps I'll try slower now:
Shell was PAYING MORE (do you know what more means?) corporate taxes in 2003 WHEN THEY STARTED. You think they're going to close it now that they'd be paying LESS (do you nkow what that means?) taxes? Now that their third largest mine in Canada is profitable, and they were paying more in 2003 when they started? If you do, we disagree.
No that's just your prediction, considering your prediction of the election I don't find it compelling.
Oh well.
oh well this is all about predicitions isn't it? You think your ability to predict is meaningless when examining your further predictions? Okay.
I on the other hand predicted an NDP majority.
enjoy the next four years
I will. Continue to enjoy making losing predictions.
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"Please provide an example of the PLENTY that you're talking about."
Kinda hard to do now that the list is down to 11.
"Also be very specific to show their lack of experience and more importantly their lack of desire to actual to run for the MLA seat (as I have shown with the NDP)""
Why do I need to show that? I'm not countering that point. I merely pointed out that there were many young and inexperienced PC candidates. One guy was 22 and his claim to fame was making one(1) web site.
How about this: maybe you can explain how the PC's can be so experienced and still miscalculate their own royalties. -
---"You're not really sure how sales taxes work...do you?"
I know that businesses who need to buy supplies or sell product complain about sales taxes. That's how they work.All sales taxes (PST, HST, and GST) are flow throughs for a business meaning it doesn't actually affect them.
Complete and utter nonsense. All companies buy supplies, all companies pay wages - which are affected by the tax rates, most companies are selling products which are affected by sales taxes. All of those things affect the fertility of the business environment.
Seriously if you're going to try and sell this, "businesses aren't affected by sales tax" nonsense I can just ignore you now. No worries. On the other hand if you would like to learn more about why sales taxes affect businesses negatively please read:
http://news.nationalpost.com/full-comment/national-post-view-making-canada-an-attractive-place-to-do-businessYes...I said it. The last election wasn't called early nor did the PC's accept the Wild Rose defectors. Add to it that in 2012, the Wild Rose was hit hard by that one candidate making harsh claims about homosexuality and the lake of fire. Most Albertan's aren't into the really far right wing thing. All this aside, the largest factor in play here was again the teachers and civil servants unions. The last election the PCs promised a ton of benefits at the last minute which swung the unions votes to the PCs. This time the PCs knew that it will be unsustainable to maintain those 'highest in Canada' payscales and was looking to cut back. Hence the mass exodus with the unions. If anything, it just goes to show how much power the unions have in Alberta.
Not seeing anything here that contradicts what I said except the part about unions determining the outcome of the election. Nonsense.
In 2003, Saskatchewan was being run by and NDP government that didn't care to develop its oil resources. Its only been as of late that Saskatchewan Party (a right wing government) has started to develop oil resources and make it a serious competitor for Alberta. Also, at that time BC's tax rates was even higher than Alberta.
BC and Saskatchewans tax rates are STILL higher then the proposed, so I don't see your point here.
Seriously??? This has to be one of the stupidest comments I've heard on here. Why would we ever want to or need to do that? Left wingers are complaining about the ability to buy a house now? Try doing it with 20% interest rates.
Why not try looking at it without the mythical 20% interest rates? Fact is a house that was $300K 5 years ago is $500k today. They're over-valued, mostly because of the influx of people.
This has to be one of the stupidest comments I've heard on here
Really? "I predict another PC majority" is the stupidest thing I've read on this thread. Or maybe it was "sales taxes don't really affect businesses".
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---"So you're suggesting the NDP won't follow through on their promised min. wage hike? What makes you think that?"
Because promises often get deluted after an election.
---"And Alberta is going to lose even more jobs."
Listen if you're not going to listen to me or read my posts then let's stop pretending you're responding. I just finished showing you that jobs have increased steadily since Februrary. So before Alberta can "lose more jobs" they'll have to stop gaining them so easily won't they?
-- "The head of Crescent Point Energyone of the largest energy investment firms in North America,"
Cresent point energy is a tiny player, new to Alberta with new projects and does most of their business in Saskatchewan already.
"Crescent Point Energy Corp. is an oil and gas company based in Calgary, Alberta, Canada. The company focuses primarily on crude oil production in southern Saskatchewan. As of year-end 2012, Crescent Point employed 303 people.Crescent Point's 2011 capital expenditures budget has been set at C$800 million. Execution of the budget is expected to increase average daily production to more than 112,000 barrels per day (17,800 m3/d) of oil equivalent, weighted approximately 90% to oil."
Seriously: 303 employes and you call it one of the largest investment firms in North america?
--"Shell, Chevron, Sucor"If you think Shell is going to close down a trillion dollar investment over LESS royalties than they paid in 2003, WHEN THEY STARTED DEVELOPMENT, you're the one who's delusional.
--"The bottom line is that the new NDP Government will continue as is with the energy sector or it will face double digit unemployment and a bankrupt Province, and will be replaced in 2019."
No that's just your prediction, considering your prediction of the election I don't find it compelling.
It's plain you're just here to argue pointlessly while ignoring the other person so I'll be ignoring you from here on in. -
"What's the minimum wage in Saskatchewan versus the soon to be wage in Alberta?"
Has it actually raised yet? No? Okay. I don't actually believe it will be raised by $5 but we'll see. Remember that minimum wage in alberta raised only last September (?). Business hardly blinked.
---"Also, you've demonstrated that Alberta will reduce its current corporate tax advantage to that of Saskatchewans"
IF you don't include provincial sales tax. This is also a burden on companies.
---"Now you've stated such companies won't leave projects they've invested in, but you're wrong, the oil companies have already left/paused billions of dollars of investment"
As I said, stalling NEW projects during times of low oil is commonplace. Even though it's popular to report this in the news now, because of the upset in Alberta, the truth is this has been going on since February. We lost 6000 jobs in 2 weeks during February. The NDP don't have anything to do with is, which seems to be your implication. Naturally business would love to make that implication too, even if it is nonsense.
---"Likewise, the new Alberta government has stated they will "curb greenhouse gases", well encouraging further refining in Alberta......an oxymoron no doubt, but a mixed message to industry."
On this issue we agree. (Yah!) I don't actually see this coming to pass. You can only increase current capacity so much, and building new refineries can take a decade. It's also doubly a mixed message since refinement is much more GHGs than mere extraction.
The bottom line in Alberta is that despite being "business friendly" the government is in billions in deficit. Mostly this is because of the PC's. They've mismanaged, sabotagued the budget predictions and straight up stole our money, then wisked Redford away like mafiosos protecting one of their own when they've attracted too much 'heat'.
The deficit has to be addressed. The parties proposed the following:
-The PC's wanted Albertans to pay for their mistakes. We know how that went.
-The Wildrose said they would offer no new taxes but instead would slim down government. Well you're not going to make a multi-billion dollar shortfall by trimming down a government the size of Alberta's, so that means they'll make cuts. Cutting services our taxes payy for is exactly the same as increasing taxes to maintain them. Albertans rejected that too.
- The NDP said they will make up the short fall through royalties and corporate taxes. The people spoke. Now naturally business is going to push back, make a lot of noise in the news papers and so forth, but it's my belief that at the end of the day with oil prices >$80/barrel, they'll go ahead and pay it. Especially if they paid MORE corporate tax when oil prices were LOWER in 2003.The people have spoken, and I for one am more than willing to go back to being "poor" than ripped off. Saskatchewan can go ahead and get ripped off if they like, but they don't have as much oil as Saudi Arabia, so....
Also I would point out that despite all the doomsaying and low oil prices, the job rate has actually climbed in Alberta, slightly ever since February:
http://economicdashboard.albertacanada.com/Unemployment -
You link doesn't prove anything. It's wishful thinking from Saskatchewan. The first line says it all: "Saskatchewan is hoping to benefit from Alberta’s recent election upset."
Key word there is "hoping". From your link:
"David McLean from Alberta Enterprise said some of the organization members have expressed concern.“There are some elements of the NDP platform that aren’t necessarily good for business – increasing corporate taxes, increasing minimum wage, proposed Royalty Review – but that said I think it is a little hasty to be writing off Alberta as an investment jurisdiction.”
Again:
Alberta corporate tax rate: 10% + proposed 2% = 12% + 5% GST = 17%
Sask corporate tax rate: 12% + 10% sales tax (total GST+PST) = 22%
Not to many CEOs dumb enough to leave projects they've heavily invested in to move to somewhere charging the same corporate tax and more PST. The argument simply doesn't hold water.
BTW Sasksatchewans royalty rate has been higher than Albertas for years. I still see the influx of workers from Saskatchewan coming here. Can't throw a rock in the air without it landing on a Sask. license plate.
BBTW the Corb Lund song is about a cattle man leaving Alberta because the oil business is doing too well taking up all the land and the capitalist bankers ruining everything. Look up the lyrics yourself.Just saying.
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"business won't return to Alberta, but Saskatchewan and North Eastern British Columbia."
To...pay even higher taxes? -
"punitive environment"
"what business can do when they do not wish to play and they have proven that with Ontario during the nightmare that was Bob Rae is just shut down and wait."
Can anyone explain why this didn't happen in 2003 during a recession, poor oil prices and higher corporate taxes than Notley's proposing?
Again:
2003 under Klein, (WTI) price of oil was $25/barrel. They rose to $50 in 2004. By then Alberta was in the black again.
In 2003:
Corporate tax rate: 13%
Small Business tax:4.5
Small Business threshold: 250k
NDP proposed increases:
Corporate tax rate: 12%
Small Business tax: 3%
Small Business threshold: 500k
Did the companies just shut down and wait then? No? Then why now? Because..."NDP!....SOCIALISTS!!."?Shut down of new development is standard during times of poor oil prices. Nothing to do with NDP. Oil prices are on the rise again and they won't have to get to $100 to see change. 4 weeks ago they were at $43. Today they're at $63. At the current rate they'll be $85 before the middle of June.
A lot of people are going to have to hope for continued low oil prices to save face on all the oomsaying over the NDP.
Alberta Election May 2015
in Provincial Politics in Canada
Posted · Edited by Claudius
Oh my god. An auditor general who doesn't agree with Dunn. Whatever am I to do? It's like you've found my Kryptonite or something.
<snap>
Oh wait! I almost forgot!
Your rationale for completely abjectively dismissing Jim Roy's sourced and easy-to-understand report was based on the idea that he was bias against the government in question, because he was fired by the same government.
Well an assumption of a logic like that would be that the reverse logic works just as well :
Valentine was "bias" towards the government in question because he was hired by them.
He said what the PC's preferred to hear and, lo and behold! Everyone kept their job.
This is diametrically the very same rationale you used to dismiss Jim Roys report so it kind of evens out.
....IF it wern't for the fact that your end of this rationale just doesn't hold water.
You've been hemorrhaging credibility ever since you plied this logic, since naturally it makes utterly no sense that a report written long before Jim Roy was fired, could be bias against the government based on the reasoning that he is bias because was fired.
And then you wonder why I don't bother with every little simplistic point you think you have.