Evening Star Posted June 21, 2015 Report Share Posted June 21, 2015 (edited) Because they (the oil companies) have known the expected tax hikes, likewise an increase to royalties (any amount will decrease profits) was coming since the election campaign started.......as already stated, in a shaky oil market, a further decrease in the profit margins of Albertan oil, which is already expensive to extract/refine when contrasted with other known sources, will hamper the profitability......... I would expect many of the companies in Alberta to shift resources to their other holdings in more business friendly environments......leaving Albertan oil in the ground for the next four years won't hurt larger oil companies bottom lines..........As I said, the current Albertan experiment with socialism will be a known quantity for this Falls election........ I dunno, I didn't see anything in the article that said that the CAODC was attributing this predicted downturn to the prospective policies of a brand new government. If this were in fact the case, that they were calculating projected unemployment rates based on policies that had not been announced yet, I would have to assume that the calculations were pretty rough. [Edited a typo] Edited June 21, 2015 by Evening Star Quote Link to comment Share on other sites More sharing options...
PrimeNumber Posted June 21, 2015 Report Share Posted June 21, 2015 (edited) The only fantasy world is the one where people think oil companies will stay in Alberta, when Saskatchewan offers a discounted 10% corporate tax rate to processors of bitumen, in addition tax credits to said companies that relocate research and head offices to the Province......not to mention royalties on O&G........ Regina will be the new Calgary, and Estevan the new Fort Mac........Already companies are expanding both storage and pipelines in the Province, namely in the Southern Region (in and around Estevan), which by happenstance is sitting on far more resources and is hundreds of miles closer to market.......Companies are already leaving Alberta....... Regina will never be the new Calgary. Saskatoon is far more industrious. Estevan is hurting baaad right now, trust me. I work there. The vacancy rate in Estevan has jumped to about 30% from about less than 5%. Housing prices are dropping. I've watched companies close down, friends hand the keys of their houses to the banks. Companies are not coming here, there's a couple companies still going, namely because they hedged against the price of oil when it was around $80 a barrel. Enough to scrape by. Layoffs are being handed out in droves, man camps the size of small towns are closing down. You're also sadly mistaken if you think Estevan is sitting on far more resources than Alberta, in terms of oil. You're sadly mistaken if you think oil in Saskatchewan is doing well. Edited June 21, 2015 by PrimeNumber Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted June 21, 2015 Report Share Posted June 21, 2015 (edited) I dunno, I didn't say anything in the article that said that the CAODC was attributing this predicted downturn to the prospective policies of a brand new government. If this were in fact the case, that they were calculating projected unemployment rates based on policies that had not been announced yet, I would have to assume that the calculations were pretty rough. Nor did I suggest that the sole reason for an increased downturn in Alberta, but tax/royalty policy is/will be a major stumbling block in the way of a rebound: Add in the uncertainty surrounding the looming Alberta royalty review — which may or may not include an industry expert at the table — the coming corporate tax hike, likely changes to existing emissions policy and the lack of optimism on the market access file and it’s no wonder investments are being postponed or cancelled. The numbers to date are grim and expected to worsen by the third quarter. What the government must keep in mind, is that this isn’t only about Alberta’s economy. It’s about the Canadian economy — on everything from the value of the dollar to the trade numbers, retail sales and construction. Clearly the Alberta NDP Government factor little into the worldwide pricing of oil & gas, but their political priorities will impact the industry in a negative fashion within Alberta.......As I said already, what incentive does a current company have to invest in Alberta, when their investment will see a greater return in Saskatchewan by nature of both Government's policies? Already Saskatchewan is the second largest oil producing Province in Canada, with larger holdings of tar sands than Alberta, with much of the development in Southern Saskatchewan (as opposed to Northern Alberta), which equates to the product having the advantage of being closer to market. For investors, the potential of Saskatchewan has been a known quantity for years, with the one major hurdle being battling already established Alberta, both in terms of existing O&G infrastructure and skilled workforce......... But now the Alberta NDP government has given Saskatchewan the incentive for growth.....The Alberta Advantage is no more.....And this will be further compounded by the increase in personal taxes, as what reason would a six-figure a year O&G worker in Alberta have to stay? If their job has moved to Saskatchewan, why would one stay in Alberta to pay higher taxes? The Alberta NDP Government, already increasing the Province's deficit by another $600+ million dollars, will truly devastate the Albertan economy far longer then the single term they will be in office....... Edited June 21, 2015 by Derek 2.0 Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted June 21, 2015 Report Share Posted June 21, 2015 You're also sadly mistaken if you think Estevan is sitting on far more resources than Alberta, in terms of oil. You're sadly mistaken if you think oil in Saskatchewan is doing well. Thanks for the heads-up Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 21, 2015 Report Share Posted June 21, 2015 My point is, right wing governments in Canada tend to sell off our assets at bargain basement prices...BC coal, Alta.tar sands, GM stocks etc. Maybe its time to stop that. More than maybe! It's time Canada become the majority stake holder like Norway! WWWTT Quote Link to comment Share on other sites More sharing options...
eyeball Posted June 21, 2015 Report Share Posted June 21, 2015 For example, when one US state introduced a millionaire tax the next year they had no millionaires to pay the tax. Hence the need for an exit tax...a progressive one. Quote Link to comment Share on other sites More sharing options...
PrimeNumber Posted June 21, 2015 Report Share Posted June 21, 2015 Actually it looks more like this... Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted June 21, 2015 Report Share Posted June 21, 2015 (edited) Those are current production fields.......not know resources Edited June 21, 2015 by Charles Anthony deleted re-copied post Quote Link to comment Share on other sites More sharing options...
PrimeNumber Posted June 21, 2015 Report Share Posted June 21, 2015 (edited) haha your map is just a marked shale field map. Doesn't mean there's oil in the entire blue area. The moment they start drilling for oil around Regina you let me know. Edited June 21, 2015 by PrimeNumber Quote Link to comment Share on other sites More sharing options...
PrimeNumber Posted June 21, 2015 Report Share Posted June 21, 2015 More than maybe! It's time Canada become the majority stake holder like Norway! WWWTT The only thing standing in our way is the Constitution. It allows the Provinces to be in control of their resources, rather than, unlike Norway, the Federal Government. Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 21, 2015 Report Share Posted June 21, 2015 The only thing standing in our way is the Constitution. It allows the Provinces to be in control of their resources, rather than, unlike Norway, the Federal Government. I'm sure if the federal government was motivated enough, some kind of solution could be found. Lots of incentives for corporations. Why not the government? I'm thinking it's mostly because of corporate contributions WWWTT Quote Link to comment Share on other sites More sharing options...
Argus Posted June 21, 2015 Report Share Posted June 21, 2015 I'm sure if the federal government was motivated enough, some kind of solution could be found. Lots of incentives for corporations. Why not the government? I'm thinking it's mostly because of corporate contributions WWWTT That's real interesting. Can you tell me how much corporations donated to the Tories last year? Quote Link to comment Share on other sites More sharing options...
cybercoma Posted June 21, 2015 Report Share Posted June 21, 2015 That's real interesting. Can you tell me how much corporations donated to the Tories last year? When the Alberta PC party says donation restrictions will just make them "find more creative and hidden ways to give," that should tell you something. He practically admitted right there that the federal restrictions did nothing and they're hiding their contributions. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted June 21, 2015 Report Share Posted June 21, 2015 But come on now. Why would companies or politicians be dishonest and corrupt? Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 22, 2015 Report Share Posted June 22, 2015 That's real interesting. Can you tell me how much corporations donated to the Tories last year? That would take some research. But still a real good question! CEO's, president's, upper management, board members always make political contributions and attend political fundraisers. When I was chairman of my unions political action committee, I met many! Mind you this was only for the Ontario liberal's and NDP. We never bought a table for a conservative dinner. WWWTT Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 22, 2015 Report Share Posted June 22, 2015 When the Alberta PC party says donation restrictions will just make them "find more creative and hidden ways to give," that should tell you something. He practically admitted right there that the federal restrictions did nothing and they're hiding their contributions. No brainer there! People are still allowed to make donations. And guess what, CEO's, presidents, board member's and upper management love getting those bonuses for buying tickets or a whole table at a conservative fundraisers to have the chance to talk one on one with their MP,MPP or candidate! WWWTT Quote Link to comment Share on other sites More sharing options...
Argus Posted June 22, 2015 Report Share Posted June 22, 2015 That would take some research. But still a real good question! CEO's, president's, upper management, board members always make political contributions and attend political fundraisers. When I was chairman of my unions political action committee, I met many! Mind you this was only for the Ontario liberal's and NDP. We never bought a table for a conservative dinner. WWWTT I'm sure you didn't. I'm also sure no corporations have bought any such tables either, not for many a year, anyway. A citizen or permanent resident of Canada can give up to $1,200 each year in total to each registered political party; up to $1,200 each year in total to the registered electoral district associations, nomination contestants and candidates of each registered party; up to $1,200 in total to the leadership contestants of a registered party in a particular contest; and up to $1,200 for a particular election to each candidate who is not endorsed by a registered party. Corporations and trade unions may not make contributions to political entities. http://www.elections.ca/content.aspx?section=res&dir=ces&document=part6〈=e Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 22, 2015 Report Share Posted June 22, 2015 I'm sure you didn't. I'm also sure no corporations have bought any such tables either, not for many a year, anyway. A citizen or permanent resident of Canada can give up to $1,200 each year in total to each registered political party; up to $1,200 each year in total to the registered electoral district associations, nomination contestants and candidates of each registered party; up to $1,200 in total to the leadership contestants of a registered party in a particular contest; and up to $1,200 for a particular election to each candidate who is not endorsed by a registered party. Corporations and trade unions may not make contributions to political entities. http://www.elections.ca/content.aspx?section=res&dir=ces&document=part6〈=e You didn't properly read my comment. I said Ontario. Not Canada. Also regional politics have their set of rules and I'm not sure of them so I'm not commenting on the municipal level. However, we can still help knock on doors and volunteer for candidates at all levels. In fact, in my opinion, volunteering and hard work goes a f'n hell of a lot further in getting a candidate elected! WWWTT Quote Link to comment Share on other sites More sharing options...
Argus Posted June 22, 2015 Report Share Posted June 22, 2015 (edited) You didn't properly read my comment. I said Ontario. Not Canada. And yet, we're talking about the federal government, and your suggestion as to why the government 'wasn't motivated" was because of 'corporate donations'. Edited June 22, 2015 by Argus Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 22, 2015 Report Share Posted June 22, 2015 And yet, we're talking about the federal government, and your suggestion as to why the government 'wasn't motivated" was because of 'corporate donations'. Yes I already explained. From people who are part of corporation. Not directly from a corporation. But still indirectly! WWWTT Quote Link to comment Share on other sites More sharing options...
Argus Posted June 23, 2015 Report Share Posted June 23, 2015 Yes I already explained. From people who are part of corporation. Not directly from a corporation. But still indirectly! WWWTT The maximum an individual can contribute is $1200. I don't see that having a whole lot of influence on federal policies. Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 23, 2015 Report Share Posted June 23, 2015 The maximum an individual can contribute is $1200. I don't see that having a whole lot of influence on federal policies. Ask DelMaestro. You may be surprised! WWWTT Quote Link to comment Share on other sites More sharing options...
eyeball Posted June 23, 2015 Report Share Posted June 23, 2015 The maximum an individual can contribute is $1200. I don't see that having a whole lot of influence on federal policies.How many individuals work for corporations? I can see how enough of them working in concert could have lots of influence. Quote Link to comment Share on other sites More sharing options...
Canada_First Posted June 23, 2015 Report Share Posted June 23, 2015 How many individuals work for corporations? I can see how enough of them working in concert could have lots of influence. At one point you're stating that big business does have influence over government. Earlier you stated that big business isnt a significant employer and doesnt influence the economy. You're trying to play both sides. Either big business employs a large number of people and has influence or it doesn't. At least these people have a say. Unions are anti conservative against the members wishes. I know union members who are conservative. Quote Link to comment Share on other sites More sharing options...
eyeball Posted June 23, 2015 Report Share Posted June 23, 2015 I think you have me confused with someone else. Quote Link to comment Share on other sites More sharing options...
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