[Newsbot]

Title: Oilpatch-friendly royalty system takes effect in Alberta
Category: Business
Posted By: DrCaleb
Date: 2017-01-03 07:00:57
Canadian

[Alta_redneck]

Hey if it's more favorable right now invest in Iraq oil and gas then they needed to come up with something before we became a 3rd world country in our once great province.

[andyt]

$1:

The review panel found existing royalty rates charged in Alberta were comparable to other jurisdictions. In 2017, oilsands rates will not change and the new royalty structure for oil, liquids and natural gas will only apply to new wells, while old wells stay under the existing system for 10 years.

Wow, must be a good deal for companies if they can't wait to join the program - let's hope we don't hear any two-faced whining about it.

[DrCaleb]

Lock her up!
Lock her up!
Lock her up!

[Alta_redneck]

DrCaleb DrCaleb:

Lock her up!
Lock her up!
Lock her up!

Hey doc, you making fun of 200,000 unemployed workers?

With the raise in corporate taxes this royalty bs means sfa. $Billions have been lost, it will take years to return.

[Alta_redneck]

0:

15697843_356657354703063_1912163551652851510_n.jpg [ 15.67 KiB | Viewed 647 times ]

[uwish]

This was an NDP election promise, and after a year and $25 million they found out hum, I guess it was pretty fair and ok to begin with. Meanwhile, just the hint of a royalty review drives billions of dollars of potential investment to Saskatchewan.

I am not against the odd review, but it should be scheduled and legislative so the shock to the industry is minimized and not a surprise to the sector. This is one of the items I really feel the NDP could have waited to do, and another example of their inexperience and while they did not create the downturn,this and other policies are adding up quickly to make it a whole pile worse than it had to be.

Carbon taxing isn't going to help either, and they did NOT campaign on that!

[DrCaleb]

Alta_redneck Alta_redneck:

DrCaleb DrCaleb:

Lock her up!
Lock her up!
Lock her up!

Hey doc, you making fun of 200,000 unemployed workers?

With the raise in corporate taxes this royalty bs means sfa. $Billions have been lost, it will take years to return.

Hey redneck, are you trying to say that those people suddenly became unemployed two days ago when the Carbon Tax went in to effect? Did 4.5 cents per liter cause this sudden mass unemployment?

And the rise in corporate taxes was only for business that make over $500k a year. They were raised to be the same rate as in the rest of Canada. Are you saying the rest of Canada is also unfair to medium sized businesses?

Yes, sarcasm again. I guess making fun of protesters who don't know what they are protesting is lost on you.

[herbie]

So gas went up in BC about 8c/L. There was no increase in the carbon tax.
How we suck up to the American train of thought. $2 or $3 a tank to taxes, which benefit everyone is BAAAAAAAADDDDDD. Evil communist butt-rape.
$5-$7 a tank for speculators and oil companies to pocket is GOOD. Or at least not worth talking about.

[uwish]

Marginal tax rates are approaching 50% across the board (including city, provincial and federal) I know people like you who likely live on pogy, this isn't a concern for you. But the rest of us who pay for your whiny ass, every nickle extra in taxes is less for my quality of life.

[Caelon]

herbie herbie:

So gas went up in BC about 8c/L. There was no increase in the carbon tax.
How we suck up to the American train of thought. $2 or $3 a tank to taxes, which benefit everyone is BAAAAAAAADDDDDD. Evil communist butt-rape.
$5-$7 a tank for speculators and oil companies to pocket is GOOD. Or at least not worth talking about.

Tax in the greater Vancouver are is 32.17 cents per litre for BC plus 10 cents per litre for the feds plus GST for the feds.GST is a tax applied to the other taxes as well. So if your gas is $1.20 it is 5.7 cents for GST plus the other 42.17 cents for a total of 47.87 cents per litre or 39.9% of the purchase price. The service station operator gets less than 5 cents. The refiner who has to pay for the $8.5 billion to build one (cost of the first new one in 30 years)gets about 20 cents.

So your taxes to fill a 100 litre fuel tank are $47.87 not $2 or $3. and the fue companies gross is about $20 less the cost of repaying for the equipment, staff, pensions, overhead etc. But don't let the fact get in the way of your opinion.