Anyways, you may recall back when Ed Stelmach decided to adjust the royalty rates midstream: investment plummeted, the Alberta government was looking at projected incomes far below what they were going to be pre-adjustment, and then abandoned the plan in time for the majority of the oil investment to rebound.
Okay, that's if you're, say, a regular reader of this blog, or the news, or any way informed about what happened in 2008. Here's the left-wing narrative about what happened, are you ready?
Anyways, you may recall back when Ed Stelmach decided to adjust the royalty rates midstream: the greedy oil companies instantly began to complain that their profits were more important than the Albertan people, they started depriving the PC Party of corporate donations, Stelmach faced a caucus revolt, this great plan was abandoned, and then the 2008 financial crisis hit and that's responsible for every single lost investment dollar in the oilpatch.
Since goofballs like David Climenhaga are pushing that second narrative, and the retarded NDP voters either are too young or too stupid to realize it's a lie, the NDP are going to try again.
Fortunately the NDP are also planning a huge multi-billion dollar subsidy to some other oilsands developers in the form of their ridiculous government-funded refinery. Hopefully it will all come out in the wash, and that the industry will be hurt by royalty changes about the same as its helped by the billions in subsidies the NDP are providing.
Meanwhile, what do we do with all this product? Send it to BC on trains, apparently, since now the NDP have hired anti-pipeline activist Graham Mitchell who was involved with LeadNow, most recently taking action against Tim Hortons for daring to put Enbridge ads on TimsTV.
Between hating on pipelines, hating on oil development, hating on workers making good money performing that oil development, and loving spending government money on winners and losers in the industry, the darkest days for Albertan oil look to take place over the next five years.