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Omni Rex Draconis
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At least you got a monkey.
We got an evil reptilian kitten-eater from another planet.
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Asher
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Calgary, Alberta
Nov 1999
time: 22:31
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http://www.theglobeandmail.com/serv...Story/National/
quote:
Montreal — Almost half of Canadians wanted to see their petroleum resources and their gas companies nationalized as fuel prices hit record levels, a new poll suggests.
The Leger Marketing telephone survey of 1,500 people was conducted between Aug. 24 and Aug. 31, the bulk being done before the devastating effects of hurricane Katrina were felt.
Gas prices have jumped around 25 cents a litre since the storm that battered the U.S. Gulf Coast.
On Monday, for example, prices in Montreal and Halifax averaged $1.38 a litre but the regulated price in St. John's, Nfld., was $1.48. In Toronto, prices stood at about $1.35 but were also seen at around $1.22.
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Western drivers tanked up for between $1.08 to $1.13 in Edmonton and between $1.07 to $1.14 in Calgary.
In the Leger poll, which was provided to The Canadian Press, 49 per cent of respondents wanted petroleum resources nationalized while 43 per cent said they would like to see the same fate for gas companies.
Quebeckers were the strongest supporters of resource nationalization at 67 per cent, followed by residents of the Atlantic provinces at 53 per cent, Ontarians at 45 per cent and British Columbia at 42 per cent.
Forty per cent of respondents on the Prairies and 36 per cent of Albertans were in favour. Among those opposed, Albertans led the way at 49 per cent followed by British Columbians at 39 per cent.
Quebec led in support for nationalization of oil companies, with 61 per cent in favour, followed by the Atlantic provinces (46 per cent). Alberta was most opposed at 59 per cent, followed by the Prairies (49 per cent), B.C. 46 per cent and Ontario, 41 per cent.
Most of the respondents — 79 per cent — suggested they would like to see taxes on gasoline cut, although federal and provincial governments have made it clear that is unlikely.
Seventy-six per cent of respondents indicated they would like the government to intervene after recent gas hikes preceding Katrina. Fifty-four per cent suggested they would like the government to fix the pump price.
Twenty-six per cent of respondents blamed the gas companies for pre-Katrina price spikes followed by 18 per cent pointing the finger at oil-producing countries.
However, 63 per cent of respondents said pre-Katrina gas price hikes had not affected their fuel consumption. Twenty-five per cent said they were using less gas.
Results of the poll are considered accurate within plus or minus 2.6 percentage points 19 times out of 20.
Katrina cut a swath of destruction along the Gulf Coast more than a week ago, shutting down nine Gulf Coast refineries. It disrupted gasoline pipelines to the Midwest and East and stopped 90 per cent of the oil production in the Gulf of Mexico.
The Gulf is responsible for around 30 per cent of U.S. crude production and one quarter of its gas. A large portion of U.S. oil imports also arrive at Gulf Coast ports. Prices at the pump soared and continued to climb. |
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mrmitchell
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Dear Alberta: When you stumble into a lot of money, it's not fair to keep it for yourself. You can't possibly use all of it. Do the right thing and share.
If the numbers quoted in this thread are accurate, which considering oil I have no reason to doubt, it means Alberta will/is undergoing a revolutionary explosion of wealth...
Sure, reap some benefits yourself, but karma, if you don't believe in anything else, will come back to bite you in the ass if you hog all your gains.
What are you doing complaining about your province government paying out to other provinces anyway? The high paying jobs should be benefit to your economy enough.
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mrmitchell
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Hell. 40% royalties on 1.6 trillion barrels of oil - you should be signing blank checks to EVERYONE.
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notyoueither
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of naught
Aug 2001
time: 22:31
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quote:
Originally posted by mrmitchell
Dear Alberta: When you stumble into a lot of money, it's not fair to keep it for yourself. You can't possibly use all of it. Do the right thing and share.
If the numbers quoted in this thread are accurate, which considering oil I have no reason to doubt, it means Alberta will/is undergoing a revolutionary explosion of wealth...
Sure, reap some benefits yourself, but karma, if you don't believe in anything else, will come back to bite you in the ass if you hog all your gains.
What are you doing complaining about your province government paying out to other provinces anyway? The high paying jobs should be benefit to your economy enough. |
re last point, we don't complain about equalisation, by and large. We fully understand that it is a good idea for there to be quality health and education in every province, and not just the rich ones. Tempers do flare from time to time though, when reality is distorted.
re your major point, some Albertans are becoming aware of the problems that are ahead due to the inflated price of oil and our sitting on the equivalent of a good chunk of the ME in that resource. We are aware that this is going to be a very big problem for our country in the near future if not addressed.
The real problem is that the disparity cannot be addressed as we have conventionally redistributed wealth in this country.
Since wealth has started being shared (the 50's) it has been based on income taxes. Everyone pays the same rates (except people in far North with sky-high cost of living who get breaks). Provinces with rich economies get a little bit back from the fed to fund education, health and welfare. Less affluent provinces get a greater per person grant from Ottawa to enable them to deliver services near or at the levels of the affluent provinces. The rich pay x and get back y. The poor pay x and get back multiples of y (by region).
The system is going to break due to the nature of royalties and the disconnect with the conventional equalisation formula.
Having Alberta sitting on $30 or $40 billion a year in royalties (and Saskatchewan on $5 or $10) that is untouched and untouchable by the federal system introduces the break.
Ontario's leadership (the ones floating the trial balloon) understandably want to confront the prospect that their province will pay ~$25 billion a year more into Confederation than they receive while Alberta would stay at $9 Billion (~$12 billion if we got not dime one back from the fed) and laughed all the way to the bank with the oil royalties.
If I were living in Ontario, I'd want my leaders to be addressing this prospect, so I don't blame McGuinty.
Still, I live in Alberta, and I understand that today's $70 oil is tomorrow's $10, and you can't plan your finances on insane prices for petroleum unless you want to end up broke.
Also, as an Albertan I am alive to, and automatically defensive against the prospect of a federal government that comes raiding provincial jurisdictions and transient wealth.
Still, if the price of oil stays up, Albertans are gonna have to do something other than say  leave us alone!
Have I confused you yet?
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Asher
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Calgary, Alberta
Nov 1999
time: 22:31
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Oooooooooooo, dividends!
quote:
Albertans to get share of energy revenues: Klein
Canadian Press
COLD LAKE, Alta. — Albertans will be getting a dividend cheque, and possibly a tax break, as their share of billions of dollars in energy royalties filling the province's treasury, says Alberta Premier Ralph Klein.
Klein emerged from a caucus retreat Monday and said Albertans deserve a part of the province's resource wealth when the money is available.
"When Alberta is doing well, then Albertans deserve to share in that prosperity,'' the premier said after the closed-door caucus meeting.
Klein said this will help people facing higher gasoline and heating costs which have resulted from soaring energy prices.
Finance Minister Shirley McClellan said the general consensus on how to handle Alberta's surplus, projected to be up to $7 billion if energy prices stay high, is to spend it, save it and give it away.
She said Albertans can also expect to see plenty of one-time spending on things like new schools, roads and wish list projects that were left unfunded while the province paid off its remain debt to become Canada's only debt-free province earlier this year.
"Where the need is, we will be meeting it. And the goods news is we can,'' McClellan said in an interview.
The minister said no decisions have been made on how much Albertans will get or how the size of the cheque will be calculated. But she said it will likely be a formula that can be used to issue cheques whenever it's affordable.
"What we're really talking about is something that can be sustained in the future,'' she said. "As we have all seen, there's a fair amount of volatility in oil and gas prices.''
Klein said due to the uncertainty of future resource revenues, his government is not willing to promise an annual dividend cheque similar to what the residents of Alaska receive.
McClellan says the remainder of the surplus will go into various savings accounts that will benefit future generations.
"Investing in the future through endowments and savings,'' she said. "Whether it be through existing funds like the Heritage Savings trust fund or the Sustainability Fund or other methods of returning it to Albertans.'' |
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06-09-2005 00:20
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