RE:RE:RE:Doomsday for oilers in Canada ?jackhacket wrote: "Alberta's present financial mess is due to it's own greed during the good times!"
kherson, you are a total moron. alberta's present mess is a result of its generosity giving billions in equalization to quebec and the maritimes and then ending up with a land locked oil industry.
Actually, the Federal government redistributes the monies for the Equalization programs, which of course is based on taxes. As for Alberta's land locked oil industry, that is the fault of Alberta. Just maybe someone could have figured out that with all of the new production coming on line over the last few years, maybe someone should plan on how it is going to be transported! If no plan was in place, which it is now proven that there wasn't, Alberta could have at least limited new investment in production!
For the record, I am NOT one of these green fools going around preaching that we need to get off of fossil fuels. But I do believe that oil and gas production needs to tempered to what the Markets can absorb. Besides, the shale boom in the US is about to run out of steam, therefore our oil here in Canada will be more valuable, very soon!
Kherson