On September 18th, the Ed Stelmach appointed Alberta royalty review panel came out with their report on dramatically changing the oil and gas fiscal regime in Alberta. The proposals are a bombshell.
The language of the document is extraordinarily one sided and ideologically loaded. The title of the document is ominous "Fair Share". Hmmm. Nothing wrong with actually being fair and actually sharing. But when someone labels their position so; I can't help but to think that this is more an Orwellian distortion of language than truly communicating intent.
It can be read at the royalty review homepage here:
http://www.albertaroyaltyreview.ca/index.html
After a few days of stunned numbness, people are trying to get the message out to this new government that this panel is seriously wrong in all aspects. Most importantly in its conclusions, LOL.
Despite being 104 pages long, the report was very unclear on a number of aspects to what they were proposing. Natural gas prices in US $? What really is the formula for conventional oil and natural gas?
This made an addendum necessary that was put out on September 25th. It is here:
http://www.albertaroyaltyreview.ca/panel/final_report_addendum.pdf
All for now; this is really a bit of a test to be honest in getting this set up. The first few entries might be a bit rough as I figure out the system. I ran a blog years ago but the system is a bit different and I'm going to try to make this one fancier.
Saturday, September 29, 2007
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