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Thursday, October 25, 2007

NEP II

Alberta's premier, Ed Stelmach, still hasn't been elected. The provincial PCs chose him -- though, like Stephane Dion, he was the party's "none of the above" choice -- but the province has not yet been given the chance to legitimize his authority, even though he's been premier for nearly a year.

His energy tax hikes, announced today, don't have democratic legitimacy. They were not mentioned by the PC party in the last provincial election. And Stelmach certainly didn't campaign on higher taxes within the PC party's internal leadership vote.

It will be interesting to see what the stock market does tomorrow morning. On the one hand, oil is above $90/bbl -- and Stelmach's taxes won't kick in until 2009. On the other hand, a tax hike is a tax hike, and Big Oil -- with the exception of the oil sands -- is extremely mobile. (Little operators are less mobile; Exxon can operate in Algeria or Nigeria with ease; not so for a five-man oilfield services company based in Red Deer.)

It's tax hikes all across the board -- in a province that already spends far more than any other, and already has a ten-digit surplus.

But the most odious aspect of the new "rules" are those applying to the oil sands companies that have written, agreed-upon tax rates already negotiated with the government:

The government will not grandfather existing oil sands projects. The government is in discussions with Syncrude and Suncor, whose Crown agreements expire in 2016, to participate in the new oil sands royalty regime. The transition details will be worked out over the next 90 days. In the event the agreement cannot be reached, the government will take other measures to ensure a level playing field for all industry stakeholders.

In other words, the govermment will unilaterally tear up signed agreements. So much for rule of law and sanctity of contracts.

Leftist and anti-oil pundits -- and Alberta has a surprising number of them -- scoffed when energy analysts compared Stelmach to Hugo Chavez and other looters. The only question will be: do Syncrude, Suncor and others quietly submit to Stelmach, Kazakhstan-style, in the hope of limiting their losses, or do they go to court?

My prediction:

1. You'll see a reduction in future Alberta investments by companies that can move to more favourable jurisdictions (including, amazingly, Saskatchewan);

2. An immediate ripple effect throughout other Alberta industries, ranging from real estate to auto dealers;

3. And, in the end, a lower tax haul by the Alberta government, because of reduced economic activity.

I just don't know the boardroom politics of Suncor and Syncrude well enough to know if they'll fight this expropriation in court.

The possible wild card -- a new political movement to oppose the PCs from the right -- doesn't seem likely in the short time before Stelmach's imminent election call.

It's the second NEP. Who could have guessed it would be implemented by an unelected Alberta farmer, rather than a Montreal Liberal lawyer?

Posted by Ezra Levant on October 25, 2007 | Permalink

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Comments

Playing the country bumpkin card again, eh Ezra?

Freakin' shameful that you should stoop to personal attacks.

Posted by: set you free | 2007-10-25 4:46:15 PM


Calling someone a farmer is a personal attack seeing as how 25% of their income is subsidies paid from taxpayers pockets.

Epsi

Posted by: epsilon | 2007-10-25 5:18:11 PM


Everyone attributes to farmers a goodly amount of common sense. However when it comes to dollars and I mean big dollars, they are out of their league.

The bumpkin card needs to be played. Stelmach is an idiot if he thinks that taking a baseball bat to the oil men who are solely responsible for the prosperity Albertans enjoy, he will see the result pretty quickly. Even the Arabs know better than to bit the hand that feeds. That is why the Americans and others in the Middle East developing the oil. Duh!

Perhaps his goal is get Alberta back to it's roots of ranching and farming.

Stupid is as stupid does. This guy could learn from Forest Gump.

This is one farmer who is going much too far spreading the fertilizer.


Posted by: John | 2007-10-25 5:20:29 PM


OK, wise ones who are much smarter than the country bumpkin premier, riddle me this one.

1) Capital costs of building a $12 billion oil sands processing plant are considered capital costs which can be written off against federal taxes.

2) Oil companies are allowed to keep 95 cents per dollar, down from a penny a dollar under the new provincial royalty regime.

3) How is it possible to write off the same capital costs TWICE (once against federal corporate taxes and once against provincial royalties)?

4) Which genius allowed this double-dipping against taxpayers?

5) Why should the Alberta government get involved in the minutae of accounting practises of oil companies?

6) What would be wrong with the 1972 Lougheed royalty formula of 25% of ALL production, not the unearned double-dip credit at the expense of Alberta taxpayers?

7) Calgary sucks.

Posted by: set you free | 2007-10-25 5:28:34 PM


The only ones who will be getting 'Our Fair Share' will be public sector union members whose leader threatened Red Ed last week that the 155,000 Alberta union members would see to it that some other party was elected instead of the PCs.

As if these crypto-commies ever voted PC in the past.

Way to go, set you free.
Keep supporting Red Ed just because he's Ukrainian.
Maybe you'd like to make some more 'Jewish Standard' cracks while you're at it.

Posted by: Speller | 2007-10-25 5:36:10 PM


Way to go, set you free.
Keep supporting Red Ed just because he's Ukrainian.
Maybe you'd like to make some more 'Jewish Standard' cracks while you're at it.

This thread is becoming a hoot. Where is that asshole Pike? I'm sure he'll have a theory to blame Ontario for all this.

Posted by: O'REILLY | 2007-10-25 6:02:20 PM


"You'll see a reduction in future Alberta investments by companies that can move to more favourable jurisdictions."

Bullshit.
Alberta is second after Saudi Arabia reserves.
You can grow the taxes all you want and compagnies would still knock on your door.

Posted by: Marc | 2007-10-25 6:06:29 PM


Activity in Alberta was already in decline long before this review came to be (with the oil sands being an exception). If companies begin downsizing, reducing activity, or shifting investment out of the province, they will try to cover it up by blaming Stelmach (when in reality they were planning it all along). Some companies were just looking for an excuse to cut, and this gives them an "out" so they can trim staff without looking like the bad guys.

I'm not sure I buy the argument that companies will stay in Alberta though because it is a "stable" place to invest. Since when did oil companies give a rat's ass about government stability? If they did no one would be drilling in Nigeria, Algeria, Angola, Kazakhstan, Iran & Iraq.

Posted by: John Brown | 2007-10-25 6:11:25 PM


There's no need to blame Ontario for this. They clearly are not involved. This is an internal matter for Albertans.

With oil prices over $90/barrel, it is perhaps a wise move to seek more from the industry. After all they have done very well as a result, so maybe it's time they contributed a bit more.

If Ontario imposed these changes like they did in 1980, then there'd be an uprising. If Dion/Layton/May were in power instead of Mr. Harper, they just might try because right now Ontario's manufacturing sector is struggling to cope with the high Canadian dollar. Decades of lethargy have come to an end, and now they have to find a way to cope. Robbing Alberta would be very tempting.

Posted by: Zebulon Pike | 2007-10-25 6:14:56 PM


>"Since when did oil companies give a rat's ass about government stability? If they did no one would be drilling in Nigeria, Algeria, Angola, Kazakhstan, Iran & Iraq."
Posted by: John Brown | 25-Oct-07 6:11:25 PM

Talisman Energy of Calgary dumped a $500 million investment in Sudan because of instability.

Posted by: Speller | 2007-10-25 6:15:52 PM


I heard that the City of Toronto just raised taxes.

It seems that Ontario is flush with cash. I recommend its taxes be increased to bleed off its excess wealth. Serves the rich right.

Posted by: Zebulon Pike | 2007-10-25 6:18:48 PM


Mark my words, no Albertan who isn't a member of a public sector union will see a penny of the bigger cut the government is going to take at risk of damaging the economy.

The Alberta government is sitting on an $8 billion surplus from last year and how much of that did you get in your own households, eh Albertans?

We shouldn't even be paying the Alberta government personal income taxes NOW if you could believe that the bath the government is going to give the energy companies is going to somehow give YOU 'Your Fair Share' when you aren't a public sector union member.

Where, private sector Albertans, is your next income increase going to come from?
It sure won't be the Alberta government.

Posted by: Speller | 2007-10-25 6:25:16 PM


Zebulon Pike - Robbing Alberta would be very tempting.

Excellent how you worked that in. Anything else Ontario can be blamed for? The California wildfires, BP fined $373m, Lewis Hamilton losing the F1 championship??

Posted by: O'REILLY | 2007-10-25 6:25:36 PM


John Ferguson Jr.

Posted by: Marc | 2007-10-25 6:28:23 PM


O'Reilly ~

I thought your list was the fault of Globull Warming - or George W.

Posted by: obc | 2007-10-25 6:28:26 PM


So long as Harper is in power, Alberta - and every other province - is safe from Ontarian greed. Pray it stays that way.

Posted by: Zebulon Pike | 2007-10-25 6:32:48 PM


I thought your list was the fault of Globull Warming - or George W.

George W is a NASCAR fan. You know the sport where they are always turning left

Posted by: O'REILLY | 2007-10-25 6:35:37 PM


O'R ~

That's supposed to be funny? Are you in middle school?

Posted by: obc | 2007-10-25 6:39:34 PM


know what kills me? i live here, and i hear conservatives, of all people, telling me the oil belongs to the people of Alberta, and we should extract our fair share of the revenue from companies.

i guess that may be true to an extent; but why is no one asking "how will i benefit from increased royalties?".

will our services change for the better?

will we get tax breaks?

hell, will we get cheques in the mail?

will any f:)cking thing change?

answer: big fat 0.

meanwhile, the left wing Parkland Institute said it was "pleasantly suprised" by Red Stelmach's announcement. what does that tell you?

Posted by: shel | 2007-10-25 6:44:28 PM


O'R ~

That's supposed to be funny? Are you in middle school?

I know you don't have a sense of humour, but try working on it. You don't need to be miserable ALL your life.

Posted by: O'REILLY | 2007-10-25 6:46:41 PM


OK, I've waited for more than an hour for all you oil industry apologists to respond to any of my seven points about why Ralphie set up a system where companies can double-dip at the expense of Alberta taxpayers.

Maybe you geniuses haven't figured it out yet that Calgary sucks because it became humility-challenged once it managed to fleece Ralphie.

Stelmach's grandfather came here in the late 1800's and he comes from a long line of honest farmers that was here long before Leduc was discovered in 1947.

Divisive bigotry against people who made an honest living off the land does not justify money-grubbing johnny-come-lately greedos who pollute our air and foul our water.

Braying like jackasses cheapens Calgarians positions and makes them sound just like ... hold on, I think I'm starting to like Toronto better than Calgary right now.

Ralphie's gone, your patsy's gone. Your fantasy world is over.

Posted by: set you free | 2007-10-25 6:49:00 PM


the Heritage Trust Fund should be liquidated. there's no better apple pie excuse for the State to pull sh:)t like this, than this supposed "rainy day" fund.

Posted by: shel | 2007-10-25 6:52:55 PM


Ezra: My prediction?...I say the knaives come out for hapless Tddie as the polls do not reflect support increases for the PCs as he descends into Liberal nanny state policy...NO NET BENEFIT!...from all the lebby-left wannabe tax and spend welfare promises.

Once the party realizes all Eddie is pleasing are the reg guard in the Edmonton Journal, he will become a pice of history...we can hope this happens in the next minority PC government...and not a PC opposition.

Posted by: Bill | 2007-10-25 6:54:25 PM


meanwhile, the left wing Parkland Institute said it was "pleasantly suprised" by Red Stelmach's announcement. what does that tell you?

Do you have a phone? Maybe you could call them, ask for Gordon Laxer
Tel: (780) 492-8558

Posted by: O'REILLY | 2007-10-25 6:55:04 PM


Bill:

So ... Eddie is going to become history.

Will you be voting Liberal or NDP?

Or the Big Oil Party?

I've got my money on Eddie, who came up with a fair and balance proposal that's competitive on the world stage.

Oh, back to the title of this thread ... NEP II.

What exactly, geniuses, did the NEP I battle resolve.

Hmmm ... resource revenue belongs to the people of Alberta?

What a novel freakin' concept.

Now, the battle lines of NEP II, as defined by this post appear to be ... the people of Alberta vs Big Oil.

My money's on the people of Alberta.


Posted by: set you free | 2007-10-25 7:00:24 PM


I've never seen Ed Stelmach speak at length before today. He's a terrible speaker and his English is atrocious--he constantly says "de" instead of "the". This guy is Alberta-born? Coulda fooled me.

Raising taxes is always wrong from a conservative point of view. How much more money does the Alberta government need anyway? They're already making free-spending leftists in other provinces look tight-fisted in comparison.

This tired, 36-year old PC government has got to go. True conservatives should vote for the new Wild Rose party, allowing the Liberals to win a minority at the next election. Then replace this chicken-fried rube Red Ed with Ted (the Man) Morton, kick the Libs out and elect a REAL conservative government--one Albertans could have had last year but, strangely, instead chose Stammerin' Stelmach.

Posted by: JP | 2007-10-25 7:13:03 PM


Link Byfield is starting up a new party: The Wild Rose Party. given Alberta's historical penchant for sweeping away parties and starting fresh, this new one might not be such a long shot. the PCs are old, comfortable, and, like an old ager, timid and willing to give up self reliance for safety. we need a young, bold, and entrepreneurial party again.

good night

Posted by: shel | 2007-10-25 7:15:42 PM


JP~

i have to admit, you freak me out sometimes.

how can someone sound like a ranter in one post, and lucid in another?

you're right about Red, Ted (whom i voted for), and Link's new party.

please accept my apologies for calling you a troll. (the Jews aren't so bad though). heh heh

Posted by: shel | 2007-10-25 7:23:16 PM


sorry... retraction:

"mabla/libertarian crowd"?

DJ, you ARE a disjointed whack job.

Posted by: shel | 2007-10-25 7:36:28 PM


sorry JP. i got you mixed up with DJ. it's been a long day. (too many initials around here) :)

Posted by: shel | 2007-10-25 7:48:54 PM


Shel,
Why don't you go take a nap an hour or two...

Posted by: Marc | 2007-10-25 7:49:02 PM


heh heh. i will Marc.

good night

Posted by: shel | 2007-10-25 7:53:03 PM


To the still waiting Set you Feak,

You like all lefies are waiting for good dough.

And free dough at that. No work involved, just tax those who invest and work. Hey just because oil people did the work and set up the billions to process the sands doesn't mean they get to keep the money. After all, it's our oil eh?

The oil belongs to whomever has the wherewith all to get it out of the ground. Goverments are too inept to do it, but can cut a decent deal to get royalties for the province or country and that has been done. To mess with that is to invite the devil. A deal is a deal. Besides it's the big oil money that will be pioneering our next sources of affordable energy. If you starve them there will be no further R&D just a money grab to buy a condo in orbit. Then we can burn our furniture for heat at some point in the future.

What Farmer Stelmach wants to do is a big government socialist move to raid the private sector. As if there isn't any of that going on already.

Name me one long lasting Socialist regime that has enriched it's people and raised their standard of living.

The Scandinavian countries don't count because they are operating high end state controlled capitalist niche enterprises (nokia, idea, volvo, hasselblad, saab etc) with a very small educated population although they do contract out the building of the cheap ikea stuff and cheap nokia stuff etc... (soon to be Islamisized courtesy of the leftist pandering politically correct idiots who hold power in those nanny states.

Other than Norway with it's off shore OIL (there's that word again) the others will be done in by China and India etc. As they continue to embrace capitalism while we fight it our with our socialists.

I am talking about the real Socialist countries like Cuba and Venezuela and Chile before Pinoche kill off the commies ... and much of East Europe where most of the people are still crapping in out houses.

Stelmach appears to be an anti capitalist like Jack Layton and that bullshit won't stand.

Your seven points are stupid and will be ignored it is the bigger picture that matters here and that picture is freedom and enterprise vs slavery and poverty.

Speller said it above ... what about contracts and rule of law. When governments ignore that, it's over. What follows is a period of decline before violent revolution. Think it can't happen here. It can happen anywhere freedoms are summarily doused by sociopathic leaders. All the sociopaths I am aware of come from the left.

Posted by: John | 2007-10-25 8:23:37 PM


"If you starve them..."
At least John have the sense of humour.

John is imagining a violent revolution in a province that only ask for it's fair share.
Albertans only wish to be "Maitre chez nous".
He's just in time for Halloween with his Horror stories.

Posted by: Marc | 2007-10-25 8:58:15 PM


Speller wrote: "Talisman Energy of Calgary dumped a $500 million investment in Sudan because of instability."


hmm you mean it had nothing to do with activist stock holders threatening the company at every share holder meeting? Talisman didn't get out of Sudan because Sudan wasn't stable - they got out because they were worried about bad PR within Canada - not exactly the same thing.

course this "concern for stability" hasn't stopped Talisman from exploration in Algeria & Colombia.

Posted by: John Brown | 2007-10-25 9:00:34 PM


Name me one long lasting Socialist regime that has enriched it's people and raised their standard of living.

The Scandinavian countries don't count because they are operating high end state controlled capitalist niche enterprises (nokia, idea, volvo, hasselblad, saab etc)

Why don't they count? Cause they don't fit into your argument? Anyways, none of the companies that you mentioned are state controlled. Nokia is private, Volvo is owned by Ford, Saab by GM, Hasselblad by Shriro and idea?? do you mean Ikea? If so it's private as well.

Posted by: O'REILLY | 2007-10-25 9:07:46 PM


You are correct all those companies got tired of being bilked by their government partners and moved on. That is my point. You can be sure there is still a presence in those counties and they are favoured by their socialist partners but they had to move away to keep any of the big money.

Posted by: John | 2007-10-25 9:14:41 PM


all you albertans that voted p.c. in the last election have been suckered. what you have is the n.d.p. anyone who believes that albertans were not already getting their fair share from the oilsands projects is an idiot. ed stelmach has just pounded the first nail in the coffin of free enterprise in alberta. that was a real nice province you had once. a crying bloody shame the best in canada is being encroached upon by the worst policies enacted in other parts of the country. better wake up and turf this idiot and any in his party that support him while there's still time to repair the damage done.

Posted by: robert | 2007-10-25 9:37:04 PM


You are correct all those companies got tired of being bilked by their government partners and moved on. That is my point.

Unfortunately its wasn't your point. Your point was that the above mentioned companies were state controlled, which they aren't. Two of the companies that you cited ,Ikea and Hasselblad, were never state controlled and Nokia only had minor government ownership. Volvo and Saab are different as both were major military contractors as well as having auto / truck / marine operations.

Posted by: O'REILLY | 2007-10-25 9:39:43 PM


Unfettered capitalism or death.

I hear there's a good perch atop Head Smashed In Buffalo Jump.

Use it before you lose it.

Farmer Stelmach is smarter than the whole lot of you put together, marc excepted.

So, the oil belongs to whoever can get it out of the ground?

Well, not really,

NEP I established that the people of Alberta own the resource, not the federal government.

OK, guys. Make sure you don't vote for Stelmach the next time.

Put in another guy with an oil background to look after the interests of the people.

If you can't buy the premier, like Big Oil did with Ralphie, then put in a guy who really understands the oil industry.

Sure worked in federal politics, when Canadians just had to elect a prime minster from Quebec, because he really understood Quebec.

Nothing wrong here that about 12 bottle of chill pills wouldn't cure.

Geez, you guys should like a bunch of Al Gores, the way the world is going to end unless Alberta is run by Big Oil.

Run for your lives! Run for your lives! The sky is falling! The sky is falling!

Oh, sorry for using that Chicken Little analogy.

After all, only farmers would know how to raise chickens.

Posted by: set you free | 2007-10-25 10:20:40 PM


Has anyone noticed how much Eddie resembles the uncool PC guy from the Mac/PC commercials? If he really is that guy it could explain a lot about this idiotic decision he has made.

Posted by: Tom | 2007-10-25 10:29:06 PM


Tom the Sophisticate, not content with calling our premier Farmer Ed, making fun of the way he talks or even calling him a dumb Ukrainian, equates his appearance with an uncool guy in a TV commercial.

Have you guys ever looked in the mirror and noticed your own imperfections?

Have any of you actually met the guy and talked with him?

My perscription has now been upped to 13 bottles of chill pills.


Posted by: set you free | 2007-10-25 10:37:45 PM


Set You Free, none of the people writing here are "big oil", but they consider themselves experts because they live in Alberta. Unless you agree with them you're considered nothing but a dumb bohunk

Posted by: O'REILLY | 2007-10-25 10:46:21 PM


nokia, ikea, volvo, hasselblad, saab...
You can perceive a minimum taxes on these all you want...
None of this comes from a province' ground.
We're not talking about water and logs neither; but oil tabarnack!
People are being killed daily for that.

You know me Set, I'm a separatist from Quebec.
I believe the minimum we should do is to kick the ass of federal parties out. You know I firmly believe other provinces have no business at all to do around your local business.

But I'm urging you to keep one hand on YOUR oil and the other at the balls of your provincial government. It's been 300 years since ancestors of the Albertans are developping this rough teritory that is yours.

My only concern is that you're runing your environment and after oil will come the need for water.

There's enought money in there for the compagnies and the people of Alberta and those compagnies have nothing to say about that. And if they have, so what ?
Who cares ?
What? they gonna leave ? Don't beleive that for one minute. Even if they fake it you have enough money to built your own technology.
Fk anyone who do not agree with what I'm saying.

Posted by: Marc | 2007-10-25 11:04:31 PM


Speller wrote: "Talisman Energy of Calgary dumped a $500 million investment in Sudan because of instability."

And I am absolutely correct.

>"hmm you mean it had nothing to do with activist stock holders threatening the company at every share holder meeting? Talisman didn't get out of Sudan because Sudan wasn't stable - they got out because they were worried about bad PR within Canada - not exactly the same thing."

And what did Talisman Energy do to get bad PR? Nothing.
They built infrastructure that the unstable government of Sudan used to attack their own people and were blamed for collusion for which they were taken to court and were exonerated this year.
What was Talisman supposed to do, hire a private army to fight the government of Sudan?

>"course this "concern for stability" hasn't stopped Talisman from exploration in Algeria & Colombia."
Posted by: John Brown | 25-Oct-07 9:00:34 PM

Neither country has genocide written all over it, yet, we'll see what Islam and Communism have in store in the future.
For now the 'activists' think these countries are just peachy.

Posted by: Speller | 2007-10-26 6:51:25 AM


Watched Stelmach's snake oil pitch on tv last night. Except this guy's no snake oil salesman. There's no fire in his belly and no song in his heart. He's about as sanguine as a powered-down robot.
This is a bad time to be a Conservative in Alberta. We have a cross-wired robot at the helm of a decrepit, rudderless hulk with no moral compass scourging the oceans of Industry like a Liberal pirate.
Oh, what have we done?

Posted by: Harry R | 2007-10-26 7:21:16 AM


I say again, no Albertan is going to get 'Our Fair Share' from the Stelmach government if they aren't receiving their pay cheque from the government.

Red Ed's government is sitting on $8 Billion surplus and y'all still had to pay personal income taxes to his government and didn't even get a penny of it.

I hope the people who aren't getting a government pay cheque, who support Red Ed, are going to be unpleasantly surprised to see that government union employees begin a never ending series of rolling strikes here in Alberta to get their greedy socialist hands and 'Their Fair Share'.

Real Conservatives believe in the motto: "If it ain't broke, don't fix it". and "Smaller Government is Better Government".

Posted by: Speller | 2007-10-26 7:37:46 AM


If Stelmach invest massivly in infrastructures and other local problems and give the people of Alberta a better quality of life in general while doing it, it will be a start to become "Maitre chez vous" from YOUR oil.

It does not have to be a cheque delivered to you.
I agree with Speller that a government have to be small; but inna sense that it is to the people of Alberta to decide and not "deals in the dark" decisions making.

Posted by: Marc | 2007-10-26 8:17:46 AM


I hate the fact that Ache Stomache is ripping up contracts with 2 of the largest and loyal investors in Alberta. This sends a message that stains the honour of every Alberta business woman and business man who has ever done business be it over a handshake or a contract. I am so ashamed to be an Albertan because of this.

I hate the fact that this province feels the best way to distribute wealth is to tax and spend on the excuse that "the resource belongs to Albertans". In that case, if it belongs to me then give me my share certificate so that I can sell out when I choose. But because I choose to legitimately own oil business via shares, I am having my personal income reduced. So how the hell am I being "rewarded" for owning this resource again?

We have to move back to conservative principles here and eleiminate all taxes on corporations to become a global financial powerhouse the likes of which this world has never seen. Downstream income taxes from direct and indirect employees would be enormous. This model has proven itself time and time and time and time again but don't expect Ache Stomache to understand this.

And finally, this government has proven itself to be inept at managing "our resource". If they truly were managing it, where is my quarterly p & l statement? Where are the revenue projections? But they cannot produce anything close to this and are incapable of even collecting what is owed and are spending what they get inefficiently.

This government has got to go. Preston for Premier anybody?

Epsi

Posted by: Epsilon | 2007-10-26 8:46:05 AM


>"If Stelmach invest massivly in infrastructures and other local problems and give the people of Alberta a better quality of life in general while doing it, it will be a start to become "Maitre chez vous" from YOUR oil."
Posted by: Marc | 26-Oct-07 8:17:46 AM

This is ignoring that these government workers will be building a legacy of strikes the like of which Alberta has never seen instead of delivering services and building infrastucture.

Oh, and it also ignores the the Stelmach government is already sitting on an $8 Billion surplus which can readily be used to delivery what Marc is proposing.

The tearing up of contracts and the siphoning off of $1.4 Billion is going to have one major effect, it's going to hobble the Alberta energy industry.

Posted by: Speller | 2007-10-26 9:02:04 AM


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