why does the NDP say nothing about one poorcent of the net oil royalty rates

March 23, 2011 at 5:51 am | Posted in Alberta, Questions, Quotabull | Leave a comment

Yes, just like the min wage,  the cons gave Alberta an oil royalty rate so low it’s below the world minimum oil royalty standard, and the ndp say nothing about it. With real royalty rates on oil, Alberta could have so many social programs the world would think we were the exact opposite of what we are. With real oil royalty rates, Alberta would have billions upon billions to save the environment, have quality schooling all over, and a health care system that all envied.
Instead we have what we have. Deficits, debts, and a shrinking heritage trust fund, while Norway’s grows at a tenfold rate to 525 billion.

Yes, Norway’s oil fund was 50 some billion in 2002 and at the same time Alberta had 12 billion. now Alberta has 6 billion and mighty Norway hs 525 billion. and the ndp is all ever so silent on the missing hundreds of billions of dollars.


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