Its a bad thing. Because once the economy recovers, the Conservatives will not reverse the "incentives" and Albertans (me in those) will not get our fair cut of the money. We are getting pillaged and no one seems to care. Listen I respect both left-wing and right-wing thought. But what ticks me off when right/left-wing people say one thing and then do another. If they were true to their beliefs they would let the market fix the Albertan production.
It will not affect companies in the Oil Sands, I could almost make a guarantee. Tytpical Alberta govt will bend over backwards for them, and then when prices rebound, the public will be the one suffering.
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Conventional Crude Oil Production
Re: Alberta Oil Industry Getting Some Help
by Bman4k1 » Tue 17 Mar 2009, 02:15:55
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Re: Alberta Oil Industry Getting Some Help
by bencole » Tue 17 Mar 2009, 02:25:54
$this->bbcode_second_pass_quote('timmatoil', '
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Alberta was producing a ton of oil prior to its price collapse. Do you think this incentive plan is a good thing or bad thing? And how would you expect it to affect companies with interest in the tar sands?
')
Alberta was producing a ton of oil prior to its price collapse. Do you think this incentive plan is a good thing or bad thing? And how would you expect it to affect companies with interest in the tar sands?
My prediction is that large foreign oil companies will be pulling out of the tar sands as fast as they showed up if the oil price stays low for an extended period. Canadian companies would likely receive a subsidy from the government to keep operating. If the price of oil collapses to the point that the tar sands is forced to shut down all production, then I would say the resource should be nationalized by the federal gov. for the sake of the evironment, and the establishment of a Canadian energy security policy.
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Re: Alberta Oil Industry Getting Some Help
by bodigami » Sat 02 May 2009, 00:30:33
$this->bbcode_second_pass_quote('bencole', '')$this->bbcode_second_pass_quote('timmatoil', '
')
Alberta was producing a ton of oil prior to its price collapse. Do you think this incentive plan is a good thing or bad thing? And how would you expect it to affect companies with interest in the tar sands?
')
Alberta was producing a ton of oil prior to its price collapse. Do you think this incentive plan is a good thing or bad thing? And how would you expect it to affect companies with interest in the tar sands?
My prediction is that large foreign oil companies will be pulling out of the tar sands as fast as they showed up if the oil price stays low for an extended period. Canadian companies would likely receive a subsidy from the government to keep operating. If the price of oil collapses to the point that the tar sands is forced to shut down all production, then I would say the resource should be nationalized by the federal gov. for the sake of the evironment, and the establishment of a Canadian energy security policy.
why not natioanlize it now? my main complaint against tar sands is because of environmental reasons.
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Re: Alberta Oil Industry Getting Some Help
by bencole » Sat 02 May 2009, 02:11:41
$this->bbcode_second_pass_quote('bodigami', '
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why not natioanlize it now? my main complaint against tar sands is because of environmental reasons.
')
why not natioanlize it now? my main complaint against tar sands is because of environmental reasons.
You are absolutely right!, there is no good reason it should not be nationalized right now.
The problem is the big oil lobby in Alberta and their boy Harper being in power.
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