Western Standard

The Shotgun Blog

« Roadkill Radio to shake things up with Ezra's Shakedown | Main | Alberta NDP slam “welfare budget” »

Tuesday, April 07, 2009

Alberta budget: Record deficit includes $2 billion public relations scheme to capture C02

The Stelmach Tories have tabled the 2009-10 provincial budget, which contains a devastating $4.7-billion deficit, according to a report from CHQR.

Among the many reckless, big government initiatives, the budget includes $100 million in 2009-10 and $800 million over three years for carbon capture and storage projects, as part of Alberta’s $2-billion total commitment.

Not only is “CO2...not causing warming,” according to climate change expert Tim Ball, there are real opportunity costs associated with this public relations scheme. The Frontier Centre for Public Policy has created an Alberta Carbon Capture Opportunity Cost Calculator that allows Alberta taxpayers to reallocate this $2 billion in program spending. “Rushed schemes based on questionable computer models, like carbon capture, come at real costs of, for example, fewer needed public housing units, other spending that more effectively benefits our environment like better water and sewer systems, more spending on education or healthcare, and lower taxes,” according to the Centre.

While Ezra Levant is busy fighting Alberta’s human rights industry with his new book Shakedown, Alberta’s politicians are busy destroying our economy with global warming initiatives, exactly the kind Levant warned us about in his previous book Fight Kyoto.

Posted by Matthew Johnston

Posted by westernstandard on April 7, 2009 | Permalink

Comments

The Stelmach Tories have tabled the 2009-10 provincial budget, which contains a devastating $4.7-billion deficit, according to a report from CHQR.
Posted by Matthew Johnston on April 7, 2009

Soon you guys will be looking for equalization payments. Alberta is like a one-horse town. It's totally dependent on the high price of oil for its economy to work. No diversity in its economy. Its over.

Posted by: The Stig | 2009-04-07 4:29:05 PM


Alberta can prosper with $50 oil. What we can not survive with is the socialist agenda of Ed Stelmach. He has to go.

Posted by: Matthew Johnston | 2009-04-07 4:44:40 PM


Yeesh. Bring back Ralph Klein.

And Stig, Alberta's economy is more diversified than you might think. A lot of their income over the past few years was oil, true, but just a few years ago oil revenues made up only about 20 percent of the province's economy. And let's face it: If all ten provinces become have-nots, then equalization is toast.

Posted by: Shane Matthews | 2009-04-07 4:45:07 PM


Ed Stupid strikes again.

Posted by: epsilon | 2009-04-07 5:07:02 PM


Alberta's economy would be in great shape, if a bunch of greedy speculators hadn't convinced everyone that AB was in a position to rule the national economy.

One of my favourites is the temporary worker program. That was one of wonder-boy Monte's pet projects. The mass migration of workers who weren't really needed is a great example of what happens when real estate developers, and foreign corporations hijack the economy.

Posted by: dp | 2009-04-07 5:22:54 PM


Stig- I get that you don't like Alberta, I'm not a rabid fan either, and I've been here for over 30 years. The thing is, it has a diverse economy. This oil boom just threw it out of balance. If Calgary had a population of about 500,000, I think everything would run a lot smoother.

Posted by: dp | 2009-04-07 5:27:02 PM


And let's face it: If all ten provinces become have-nots, then equalization is toast.
Posted by: Shane Matthews | 2009-04-07 4:45:07 PM

And that would be just fine by me.

Posted by: The Stig | 2009-04-07 5:37:20 PM


The thing is, it has a diverse economy. This oil boom just threw it out of balance.
Posted by: dp | 2009-04-07 5:27:02 PM

Diverse in the sense that there is a lot of different types of industry that support the oil business, or diverse that have nothing to do with the oil business? I'm excluding agriculture. With the exception of the oil companies and NHL hockey teams the only other Alberta companies I could name are Lillydale (due to their TV adverts),Gainers and Westjet. Oh yeah I forgot the Western Standard.

Posted by: The Stig | 2009-04-07 5:48:17 PM


Oil was $50 a bbl 3 years ago. We were posting big surpluses 3 years ago. What the hell is Stupid doing?

Posted by: epsilon | 2009-04-07 7:27:26 PM


Oil was $50 a bbl 3 years ago. We were posting big surpluses 3 years ago. What the hell is Stupid doing?
Posted by: epsilon | 2009-04-07 7:27:26 PM

Actually it was $80. Alberta is run by the same people who last summer predicted oil would be $200 a barrel now. The good times will never end, unfortunately they have. It's over.

Posted by: The Stig | 2009-04-07 7:38:54 PM


http://www.ioga.com/Special/crudeoil_Hist.htm

2006 average price of $58/bbl.

And we had multi-billion dollar surpluses.

Ed, where is the money?

Posted by: epsilon | 2009-04-07 8:12:47 PM


2006 average price of $58/bbl.
Posted by: epsilon | 2009-04-07 8:12:47 PM

That's the WTI average price. World oil prices are based on Brent which was around $80

Posted by: The Stig | 2009-04-07 8:57:44 PM


http://indexmundi.com/commodities/?commodity=crude-oil-brent&months=300

Sorry Stigs,
Brent prices were about the same - maybe a dollar higher.

Posted by: epsilon | 2009-04-07 9:28:05 PM


And Stig, Alberta's economy is more diversified than you might think.
Posted by: Shane Matthews | 2009-04-07 4:45:07 PM

Hey Shane...you believe "The Stig" actually thinks? ;)
Alberta will always be alright left to her own devices. Its carrying the weight of Canada's "middle east" on our backs that slows us down.

Posted by: JC | 2009-04-07 9:46:03 PM


Stig- Alberta has a substantial forestry industry. It even has some secondary manufacturing to go with it. There are quite a few pulp mills, also.

Why would you exclude agriculture?

There was a move toward high-tech industry, but it sort of fell flat. A shop in NE Calgary supplies GPS receivers to the US air force, and NASA. There was certainly an attempt to bring in new industry, but the trumped-up oil boom drove wages and prices up, to where most manufacturing can't compete.

Like I said, the artificial boom threw everything out of balance. Now the province is in a tail spin, with a pilot who's never flown solo.

One thing that many of us learned from the last bust in '98, is that oil prices aren't as big a factor as stock prices. Oil companies will invest in exploration, as long as they have capital. The actual price is a smaller factor. That proved itself when oil prices went crazy last year. During that cycle, rig counts dropped steadily, for the entire peak.

Posted by: dp | 2009-04-07 9:47:21 PM


Ed and crew have to go. The only answer is the Wildrose Alliance Party. At least we have an alternative growing right now. Check them out.

Posted by: DTL | 2009-04-08 6:13:33 AM


Alberta is also pushing ahead with plans to build a new $620-million Edmonton Remand Centre and add dozens of new police and probation officers across the province.
http://www.financialpost.com/story.html?id=1474563

Not surprising. Edmonton ranks 2nd for murders in Canadian cities over a population of 100,000 and Calgary is 6th. Alberta's murder rate is double that of Ontario. Alberta's Criminal Code offences are significantly higher than any eastern province. And Alberta is supposed to be the model that you guys want everyone to follow. Bwahahahahaha. It's over.

Posted by: The Stig | 2009-04-08 6:21:04 AM


You guys are probably the only non-fringe publication on the planet that still claims Tim Ball is an "expert" on anything.

Posted by: bigcitylib | 2009-04-08 7:16:46 AM


"Alberta economy expected to recover in 2012"

http://www.financialpost.com/news-sectors/energy/story.html?id=1474563

2012? Most experts are predicting recovery next year yet Alberta is 2 years behind?

Posted by: The Stig | 2009-04-08 8:17:24 AM


Anthropogenic global warming (AGW) is an untestable hypothesis, without a shred of evidence in support. Everything that is happening now, climate-change-wise, has happened many times in the past, when humans could not have been the cause. Why assume we are the cause now? (Go to YouTube and search for a couple of lecture series by Bob Carter for more information on the AGW hoax.)

Mostly, the AGW crowd base their faith on computer models that are deeply flawed to the point of being worthless. The computer models neglect all of the known major drivers of climate change - e.g. cyclical sun-spot activity, wobbles in the Earth's orbit and tilt, changes in ocean currents - and focus exclusively on CO2. Further, the models ignore the science of atmoshperic CO2 - which is that the ability of CO2 to absorb heat decresses logarithmically with increases in concentration - and arbitrarliy substitute an unproven positive feedback hypothesis. "You can prove anything with computers if you include positive feedback."

The Vostok ice cores show that over the past 650,000 years, the *average* change in temperature per century was 2.5 degrees C. The past century has seen only a 1.5 degree change. About 50 million years ago, the Earth was in an ice age yet the CO2 concentration was 12 times what it is today.

It is simply assinine to be spending any money at all on "carbon capture" technology these days.

bigcitylib wants to drag this discussion into the gutter by re-libeling Tim Ball. The basic facts are that he taught climate science at Winnipeg for three decades, and has a doctorate in climatology. If that doesn't qualify him as an expert, I don't know what would.

Posted by: Grant Brown | 2009-04-09 11:40:30 PM


Stig is right, Alberta's crime is out of control.
That's what happens when everything loose in the east rolls west. We can solve this problem in both the east and west by bringing back property rights...the right to "defend without retreat".
That would take care of the crime problem in about a week. But as long as the overlord's in (Fuc*ing) Ottawa are in control, don't look for anything to get better. They seem to be getting their lessons in economics from folks like Keynes, Mugabe and Chavez these days.

Posted by: JC | 2009-04-10 6:07:10 AM


"non-fringe" -- that was nice of you, bigcitylib.

Posted by: Matthew Johnston | 2009-04-21 9:37:18 AM



The comments to this entry are closed.