Alberta's Heritage Oil Fund

[BTO_farmalll]

Started in 1970, Now Worth $17 Billion,

Norway's Oil Fund Started in 1990 Now Worth $1 Trillion and Counting!!!!!!!!

Fckin Pigs Sloppin at The Trough!!!!!!!

[Oliver88]

One reason for that is Norway doesn't have to send equalization payments to Quebec.

You are likely right though that bacon can be trimmed in the Alberta public sector and government......and all across Canada for that matter.

[farmaholic]

Geez BTO, Albertha has just about as much cash as you have. You should spend some of it before all those paper "C" notes no longer get accepted and only that plastic monies is taken.

[tweety]

Oliver, the biggest reason is Norway doesn't give their oil away like Alberta does.

[mustardman]

It's not trimming the public sector that will make the difference... Alberta and Sask as well Need to get a Royalty structure that benefits the provinces Not like the complete GiVE away system that we have today.
Yes most countries with our resources would have the coffers full and any expenditures needed, hiways ,hospital ,schools etc could easily be paid for unlike now

[checking]

So right mustardman.

We give our resources away to create a few more job opportunities. This increased population caused by a few more jobs doesn't even provide enough new taxes to pay for the overwhelming new infrastructure necessary to accommodate the new arrival, even in boom times/uncontrolled growth.

Now comes the down turn. The jobs vanish over night. The arrivals depart the following morning, and the remainder, before this nonsense started, are left to pay off the built up infrastructure. But hey, that is what the Alberta/Saskatchewan governments/you people wanted by providing royalty free periods, and taking precious little resource revenue.

[sumdumguy]

We have not learned how to manage the boom. Why is it so hard when we all know about cycles, but stars get in the eyes? Think its a bit like farmers? High farm prices just encourage more debt- for some guys, not all. There are likely some oil companies that prepared for the downturn.

[cottonpicken]

Where do you draw the line on who owns what?

What if the public declares farmland a community asset?

[wmoebis]

I think we are safe with this gov't. Look at public owned community pastures, worked good and they want to sell off to private or investors. Now if they could figure out how to sell all private land to large corp's that might be something to watch out for.

[sumdumguy]

The West has had every farm program cut-cut-cut, but that's what you all want. Get rid of all governmant employees. That what you get!