Wednesday, November 12, 2008

What are Alberta PCs to do?

With oil prices tumbling and no Liberal government to blame it on?

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14 Comments:

  • It's too bad there was never a reverse NEP that would have benefited Alberta when oil prices were really low..

    oh wait..

    http://www.canadianeconomy.gc.ca/English/economy/1961National_Oil_Policy.html

    By Blogger me dere robert, at 9:43 AM  

  • It's Dion's fault, merely talking about a green shift all summer caused the price of oil to go down all summer.

    By Anonymous DR, at 9:44 AM  

  • This is merely the markets showing that they are worried about the dangerous Bob Rae-David Swann anti-Alberta coalition that will soon sweep across the country, introducing a NEW NEP.

    By Anonymous Deb, at 10:01 AM  

  • They're probably looking at negative economic growth for the short term, but with new extraction technologies on the horizon, you'll probably see cheaper and cleaner oilsands work within 2 years.

    There will be some temporary pain in Alberta. No more expansion, and existing operations on a shoe-string budget, but they won't completely melt down.

    The economy is in rough shape, but not so rough that people are completely changing their lifestyle.

    By Blogger Lore_Weaver, at 10:02 AM  

  • OT,

    Lore, where the hell is your blog? You just disappeared.

    By Blogger Mike, at 10:29 AM  

  • Blaming Getty for all the problems worked for Klein.

    Maybe Stelmach will blame Klein?

    By Anonymous daveberta, at 11:04 AM  

  • Blessing in disguise. Alberta can catch up on infrastructure investment at much lower costs.

    Fire up plans to twin the death highway all the way from Edmonton to Ft. McMurray. Make Quebec happy, and build a high speed rail line between Calgary and Edmonton.

    Oil prices will come back eventually. Do what Klein didn't do, which was prepare for the next boom. Sequence the megaprojects.

    By Blogger whyshouldIsellyourwheat, at 11:32 AM  

  • Do you mean Trudeau's National Energy Program that only taxed Alberta's oil and left Quebec's electrical energy exports alone ?

    That one ?

    Trudeau, still despised for being a moral coward during WW2 and for stealing thew West's money to fund his socialist utopian dreams elsewhere.

    Trudeau - once a turd, still a turd.

    By Blogger Fred, at 12:12 PM  

  • You know some Libs are bitter when they are actually hoping for Alberta to see hard times, even when it is a case of cutting off one's nose to spite one's face. How's the ALP leadership "race" going BTW?

    IEA (International Energy Agency) said this week that US$80 oil is needed to cover costs of maintaining worldwide production.

    With oil at around US$60, and credit hard to get, the number of wells drilled worldwide will decline. Production was already declining in many of the largest legacy fields in Saudi Arabia and Mexico (just two examples)... and this was before the commodity prices fell.

    For you economics grads, what do you think this means for prices in the medium to long term?

    Meanwhile, natural gas (current source for about 65% of royalty income) is experiencing decent pricing, as good or better than this time in 2007.

    I know I would rather be here in Alberta than where you are now residing, Calgarygrit. There is a market for our products, even if there isn't for North American cars. Auto bailout anyone?

    By Anonymous Anonymous, at 2:59 PM  

  • I'm presently blogless Mike :'-(

    I'll be online with The AC v2.0.

    I can rebuild it, I haz teh teknologeez.

    By Blogger Lore_Weaver, at 4:45 PM  

  • You know some Libs are bitter when they are actually hoping for Alberta to see hard times...

    Like "Let the Western bastards freeze in the dark?"

    Be nice to the people on the way up, because you'll be meeting them again on the way down.

    By Anonymous Anonymous, at 7:44 PM  

  • Lore,

    Make sure you drop by my place and let me know when its up.

    Ok sorry Dan, lets get back to the mindless NEP stuff from Biff...er fred...or is it jonathan this week?

    So hard to tell the trolls apart.

    By Blogger Mike, at 10:17 PM  

  • Eastern liberals really don't understand why the NEP is hated so much. To put it in perspective, just imagine the auto industry going down without getting any assistance . . . and being down for the next 10 years . . . and worst of all, the reason the industry goes down in the first place is the federal government. Remember the liberal slogan at the time: screw the west, we'll take the rest. Comments like the ones from Mike show why the liberals are still in the penalty box.

    By Anonymous cher 123, at 1:01 AM  

  • Nice attempt at rewriting history, cher, but I think it was only you con-bots shilling that slogan, between off-loading your welfare problem on BC or driving alcoholics to piss-stop, AB, instead of providing services to your own.
    While its disappointing that you blindly follow the same groundhog down into the septic tank every chance you get, I don't begrudge you the fact that dinosaurs once lived on your block. I just never thought you'd have to think like one to be there.

    By Blogger burlivespipe, at 3:28 AM  

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