Alberta

[Randall T]

No home owners' property tax grant, but also no purchase tax. More assistance for oldies and disabled in the way of prescription drugs, eye glasses and dental. I think at the end of the year Alberta comes out ahead depending on a person's situation. But all that could change with time. There has been talk of a PST for decades now but nothing has materialized.

[hobbyguy]

Alberta and Norway have similar populations and oil production levels.

Except that one is a province of a large country with a small population, while the other is an actual country, very small with a very small population.

Also - Norway gets to sell their oil for top dollar because pipelines, while Alberta has only one customer, the US, because evil and stupid boneheads won't let them build pipelines to tidewater, cuz...well...stupid.

So comparing the two is extremely silly and accomplishes nothing.

Alberta keeps 100% of it's resource royalties and revenues; not a penny goes to Ottawa.

Hmmm...interesting...so who is paying these royalties to the Federal government, the fairy godmother?

Screenshot 2021-11-16 173736.jpg

It's not hard to see how 40-odd years of conservative misrule squandered Alberta's resource wealth.

It's not hard to see, because it doesn't exist. This entire narrative is false, and just in general extremely stupid.

Someone got rich from all that oil.

All Canadians benefited. Which is why we can offer free health care and massive social spending.

But it sure wasn't Albertans.

Albertans have done extremely well. And rightly so. Having no provincial sales tax must be awesome. It's too bad other provinces can't figure out how to save their people a giant slice of their paycheques every time they buy something.

That being said, I think it is time for Alberta to have a provincial sales tax to smooth out their revenues. But that has nothing to do with all the oil wealth they bring in.

All Albertans should be happy they don't live in a high tax, business-killing environment like the dummies have in Norway. Only a massive fool would wish Norway's stupidity on any other nation.

The chart you posted showing government revenues from royalties is interesting - and points out how irrelevant the oilsands are becoming. IF the royalties were a big deal, then Ottawa would be more inclined to take the side of the oilsands producers.

And therein lies the problem with the Alberta "all for me and none for you" approach to things. And yup, the red herring of the equalization referendum just makes it worse, not better.

[crookedmember]

The chart you posted showing government revenues from royalties is interesting - and points out how irrelevant the oilsands are becoming. IF the royalties were a big deal, then Ottawa would be more inclined to take the side of the oilsands producers.

The chart shows federal revenues from oil is a paltry $350 million, which isn't even rounding error on the federal budget.

My guess is this is the federal share from production off the Newfoundland coast.

Alberta keeps 100% it's royalties from oil and gas. Not a penny goes to the federal government.

Our friends on the right have been bamboozled into believing oil pays for Canada's health care and everything else, they are once again full of ****.

[The Green Barbarian]

The chart shows federal revenues from oil is a paltry $350 million, which isn't even rounding error on the federal budget.

It was one chart. Here's some more information:

https://www.canadianenergycentre.ca/672 ... 2000-2018/

My guess is this is the federal share from production off the Newfoundland coast.

Your guess would be wrong.

Alberta keeps 100% it's royalties from oil and gas. Not a penny goes to the federal government.

And yet somehow the Federal government gets billions from oil and gas production. So weird how that works.

Our friends on the right have been bamboozled into believing oil pays for Canada's health care and everything else,

Alberta definitely pays for a lot of Canada's social safety net. Anyone saying otherwise just doesn't know how to do math. Imagine how much Alberta would have without having to support an entire country, and had the ability to get oil to tidewater without being blocked by disgusting and evil enviro-nuts? It is to weep.

they are once again full of ****.

If you are talking about liars who are making false claims about Alberta and comparing them to Norway, then yup, I agree 100%.

[hobbyguy]

The chart shows federal revenues from oil is a paltry $350 million, which isn't even rounding error on the federal budget.

It was one chart. Here's some more information:

https://www.canadianenergycentre.ca/672 ... 2000-2018/

My guess is this is the federal share from production off the Newfoundland coast.

Your guess would be wrong.

Alberta keeps 100% it's royalties from oil and gas. Not a penny goes to the federal government.

And yet somehow the Federal government gets billions from oil and gas production. So weird how that works.

Our friends on the right have been bamboozled into believing oil pays for Canada's health care and everything else,

Alberta definitely pays for a lot of Canada's social safety net. Anyone saying otherwise just doesn't know how to do math. Imagine how much Alberta would have without having to support an entire country, and had the ability to get oil to tidewater without being blocked by disgusting and evil enviro-nuts? It is to weep.

they are once again full of ****.

If you are talking about liars who are making false claims about Alberta and comparing them to Norway, then yup, I agree 100%.

The oil and gas sector have definitely been net contributors, however one also has to deduct the various subsidies and tax credits. It is so byzantine that it well past my pay grade. The tax issues alone require reading an 84 page explanation from KPMG... Then are things that are costs absorbed by governments that are not taken into account in the subsidy/tax/revenue balance - like the huge cost of orphan wells.

It is a very opaque picture, however I have no doubt that the oil and gas sector have been major contributors to Canada's economy in the past. The net long term costs/benefits are becoming less clear every day as costs from climate change (which is on the worldwide use of fossil fuels) continue to mount.

[The Green Barbarian]

The oil and gas sector have definitely been net contributors, however one also has to deduct the various subsidies and tax credits.

I keep hearing about these "subsidies" from the flat earther climate change believers. What "subsidies" are those? It's just plain nonsense.

[hobbyguy]

https://www.theglobeandmail.com/arts/th ... s-hot-boy/

"Jason Kenney's Hot Boy Summer" is a smash hit satirical musical. Wunnerful - a new career for Jason! I wonder if he can sing, looks stupid enough in a cowboy hat to be a comedian. Who knows? Maybe Jason will become another Hollywood Eco-groupie

[fluffy]

It is a very opaque picture, however I have no doubt that the oil and gas sector have been major contributors to Canada's economy in the past. The net long term costs/benefits are becoming less clear every day as costs from climate change (which is on the worldwide use of fossil fuels) continue to mount.

And it's a picture subject to a lot of spin. One big elephant in the room is that GHG emission figures often ignore downstream elements, the emissions produced by the end user. Conveniently these emissions are not included in corporate quotes of the emissions they produce, sidestepping the issue by saying downstream emissions are the responsibility of the end user and not the producers of the fuel in question. Arguable to be sure, but a slippery escape from responsibility for fuels produced in Canada.

Orphan wells are surely a portent of things to come as well, with normal operating procedure now including running a business into the ground financially and then pleading hardship when the bill comes due to clean up after themselves.

[Pappywinkle]

It's just plain nonsense.

I agree that defending oil and gas subsidies is complete nonsense, which is another reason why the incompetent loser Jason Kenney will be kicked to the curb in the next election. Alberta will be so much better off with the much more competent Rachel Notley leading the province instead of the disastrous UCP that ran Alberta's economy into the ground.

[The Green Barbarian]

Surging oil and gas revenues driving down Alberta's deficit

Surging oil and gas revenues are driving down Alberta's deficit. It has gone from what was supposed to be a record high to the lowest deficit the province has seen in years. Tom Vernon breaks down the numbers.

https://www.msn.com/en-ca/news/video/su ... d=msedgntp

Looks good on you Alberta - great job guys!

[AlienSoldier]

Surging oil and gas revenues driving down Alberta's deficit

Surging oil and gas revenues are driving down Alberta's deficit. It has gone from what was supposed to be a record high to the lowest deficit the province has seen in years. Tom Vernon breaks down the numbers.

https://www.msn.com/en-ca/news/video/su ... d=msedgntp

Looks good on you Alberta - great job guys!

It's all thanks to Trudeau buying the TMX and increasing it's size. Alberta will see the liberal benefit when the pipeline opens in 2022/2023.

[The Green Barbarian]

It's all thanks to Trudeau buying the TMX and increasing it's size.

It has nothing to do with that and everything to do with oil prices going up. In a way, as incompetent as Biden and his woeful administration are, with their stupid anti-drilling policies and inflationary nonsense they did achieve MAGA - Make Alberta Great Again.

[Pappywinkle]

It has nothing to do with that and everything to do with oil prices going up.

It's definitely true that it has everything to do with oil prices and not anything done by the incompetent UCP. And at least with oil prices rising the disastrously massive deficits caused by the incompetent Kenney and his gang of buffoons will be a bit less disastrous, and when Notley inevitably gets elected the NDP will have a bit less of a mess to clean up.

[AlienSoldier]

It's all thanks to Trudeau buying the TMX and increasing it's size.

It has nothing to do with that and everything to do with oil prices going up. In a way, as incompetent as Biden and his woeful administration are, with their stupid anti-drilling policies and inflationary nonsense they did achieve MAGA - Make Alberta Great Again.

With Trudeau's support to get more oil to markets :)

[The Green Barbarian]

With Trudeau's support to get more oil to markets :)

Yes, if one thing is consistent and constant over the decades, it's been the Trudeau family supporting Alberta.