Heads up in oil patch.

[AlbertaFarmer5]

It seems to me that equalization payments are going to be slashed simply because of the decline in oil prices, energy industry activity and royalty revenues. You can’t get blood from a stone.....or can you?

We may have reached the point that Margaret Thatcher spoke of, when they discover that they have run out of other people's money.

They will still instst on getting blood from a stone, since there are no other options, and they have nothing to lose politically. It will reach the point where even the equalization apologists such as Chuck will be cheering for separation.

[chuckChuck]

When is Alberta going to make plans for diversifying their economy? How many times do we need to go through this cycle of boom and bust before industry and governments start investing in developing a resilient economy that is not so dependent on one or 2 export dependent commodities?

Perhaps they should ask Norway for advice?

[Hamloc]

When is Alberta going to make plans for diversifying their economy? How many times do we need to go through this cycle of boom and bust before industry and governments start investing in developing a resilient economy that is not so dependent on one or 2 export dependent commodities?

Perhaps they should ask Norway for advice?

Simple question for you Chuck, would you be happy with a 25% sales tax? Do you believe more people employed by the government as opposed to private industry is diversification?

[chuckChuck]

Why not provide tax breaks, incentives, subsidies for food processing, manufacturing, high tech to attract investment?

In Alberta if the tar sands lose money and become uneconomic Kenney suggests a state owned oil company to take over some projects? Huh? In free market Alberta?

Norway did that many decades ago and now have over 1 trillion in savings. Surely Alberta should have more to show for all their years of high GDP and high incomes than what they have now.

If Alberta had a modest provincial taxation system like Saskatchewan prior to the covid crisis they would have a $14 Billion dollar budget surplus! Wow and you guys keep defending this mismanagement and blaming Ottawa?

Yep Alberta is in trouble and some of the blame is on them.

[blackpowder]

Economic diversification has been a discussion for a hundred years on the Prairies.
Read pre Depression articles from Saskatchewan.
Not too sure which policies and when would have changed that history.
When have we had political will and public support for a big change policy??
And don't compare the Carbon Tax to FDRs TVA. Couldn't build a outhouse in Canada anymore without $20k in permits.
Also a grain if truth to being milked when times are good. If ten people owned one great cow, how long before disagreement on the feed bill?

[jazz]

Yep Alberta is in trouble and some of the blame is on them.

You don't understand the oil patch chuck, not even one inch of it. And you don't understand what Canada really is.

Canada is a capital poor place with low productivity and no internal investment. The average Canadian is broke so they don't invest in the TSX, so our companies starve for capital. All of our major companies have had to build infrastructure in the US and get listed on the NYSE to access proper equity markets.

Therefore for Ab to get those resources out of the ground, they need a texas style investment environment to lure well heeled companies from the US to develop the resource.

Throwing up taxes would just send more investment out of the province. Typical NDP move.

[TASFarms]

You don't understand the oil patch chuck, not even one inch of it. And you don't understand what Canada really is.

Canada is a capital poor place with low productivity and no internal investment. The average Canadian is broke so they don't invest in the TSX, so our companies starve for capital. All of our major companies have had to build infrastructure in the US and get listed on the NYSE to access proper equity markets.

Therefore for Ab to get those resources out of the ground, they need a texas style investment environment to lure well heeled companies from the US to develop the resource.

Throwing up taxes would just send more investment out of the province. Typical NDP move.

There has got to be $50 billion in capital that went south under Trudeau’s reign.

[TASFarms]

Look at raging river resources. Their stock was over $12 a couple years ago. Funds pulled out and went states side. Now they are well under 50 cents . The loss in this country is mind boggling

[blackpowder]

Kinda repetitive but ya,
Human nature is not to save for a rainy day. And the West never really had a fair or equal say in many things.
Resource ownership a big failure before Leduc #1.
Had Alberta been a reclusive nation, we might all be blue eyed sheiks with Mexican staff.
And while we're on the subject.
Screw everybody else that isn't part of the solution. In other words, all the hyphenated nation in a nation people can _ _ _ _ themselves once and for all.
I can move to Montana if I choose.
I suggest Chuck move to Montreal.
Everybody wins.
No one will be happy till the cow is dead anyway.

[jazz]

There has got to be $50 billion in capital that went south under Trudeau’s reign.

Try a trillion