posted on Sep, 15 2005 @ 12:18 AM
I like the way the Economist Mag calls Alberta the Kuwait of North America. National oil companies are pretty darn inefficient with the exception of
PetroBras and their deep water ingenuity. We should make public all the water bottling firms too. All the mineral spring baths operators and maybe
have a national air conditioning machine company.
The Alberta coffers are overflowing with enough juice for everyone. They don't even know what to do with all the money. Schools are at peak
performance, roads are awesome and they're the only province without a deficeit. Pillaging, or legal plundering the excess loot seems alright to me,
but forming a national oil company with control over all the provinces assets? I was under the impression that no one owns the mineral rights under
the ground but the government. The government then leases these mineral rights to private, efficient companies to extract and feed supply. This is why
you hear so many complaints from land owners who have had drilling contractors set up shop on their land. What is PetroCanada anyway? Husky,
TransCanada and countless other headquarters based in Calgary are primarily Canadian companies. How much more nationalised do you want it? Don't like
the price of gas? Petition the government for price ceilings and have them pick up the bill.
Theres no question the oil barrons of Calgary are getting richer, but so are their shareholders and countless other beneficiaries of the trickle down
effect. Don't forget Alberta has some of the most progressive economic policies with low tax rates that help industry boom. Don't be jealous of
them, they're just the most economically conservative province in the country, which explains a lot. All you Soviet Canuckistanis should realise that
its the lack of your socialist policies in the first place that have allowed Alberta oil and gas to become such a boom industry. All you have to do is
compare it to Saskatchewan. Is more socialism the way to go? Don't be retarted. If you aren't gettign trickled on, move. It's called migration and
people do it all the time, especially consider this if you are from Quebec or the Atlantic provinces. Speaking as a free market economist and as
someone with immediate family responsible for privatising the New Zealand national oil company, this would be a terrible exercise in mis-management of
resources. Get the government out of the way.
*Edit: Spelling & a lil extra content
[edit on 9-15-2005 by insite]