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Thread: Alberta's future

  1. #1
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    Alberta's future

    I was perusing through some of Vassy Kapelos interviews, she's done four with Jason Kenney.

    Vassy was Global's Alberta Bureau Chief before she took on Power and Politics. In going through Kenney's latest interview, I found an interesting comment:

    If Alberta was a self governing American Commonwealth like Puerto Rico, not only would Alberta be facing this virus with a powerful economy and full coffers, but surely SOME of the BILLIONS of dollars that have been transferred to rest of Canada, as well as the nearly equal BILLIONS that have been transferred to international oil companies through low prices due to Rest of Canada's war on Alberta's market access would have been spent on building more and better hospitals, and Alberta would not be facing this with a healthcare system already stressed to the breaking point before the crisis hits. Remember to blame every death of every loved one in the coming weeks to being a part of Canada, because that is where the blame belongs

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    Of course there are many holes I could poke in that argument. Americans lowballing Alberta crude, the Permian Shoals and advancing technologies of scale. Instead a clip speaks a thousand words.


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    This should be in the Politics Section.

    This is business as usual for Kenney, who has based his entire political career on "we all hate Trudeau and the East". But now he's double-fucked. He's being sandwiched between the Far Right wacko Alberta separatists, who suddenly have 9% of the vote in the most recent poll, and the NDP who are within 5% of the Tories in that same poll. And you can guess that all those NDP votes are in Edmonton and he's going to lose that city politically. Plus his economy is fucked and the amount of $$$ he threw at the oil companies went for naught.

    And it's looking like the Good Times might never come back for AB. And it all happened on his watch!

    So time for the big "It's not my fault, it's all TRUDEAU'S fuckin' fault!" speeches to happen.

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    It didn't happen under Kenney, it's ongoing since Ralph Klein was Premiere. They've been gutting Peter Lougheed's Sovereign Wealth Fund to avoid increased taxes.

    But I agree that the good times may never return based on extraction cost. With Permian Basin shale oil coming online, the USA will continue to undercut Alberta oil.

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    I can actually appreciate Kenney's dream. Lower taxes. More residents. More business. More diversified business. And all underwritten by the oil boom.

    The problem is that it all goes horribly wrong when the oil boom busts and all the oil companies that you've sucked the cocks of then flip you the finger and walk away, leaving you with a budget deficit and a decade or two of environmental repair and fuck-all else.

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    Quote Originally Posted by oagre View Post
    This should be in the Politics Section.

    This is business as usual for Kenney, who has based his entire political career on "we all hate Trudeau and the East". But now he's double-fucked. He's being sandwiched between the Far Right wacko Alberta separatists, who suddenly have 9% of the vote in the most recent poll, and the NDP who are within 5% of the Tories in that same poll. And you can guess that all those NDP votes are in Edmonton and he's going to lose that city politically. Plus his economy is fucked and the amount of $$$ he threw at the oil companies went for naught.

    And it's looking like the Good Times might never come back for AB. And it all happened on his watch!

    So time for the big "It's not my fault, it's all TRUDEAU'S fuckin' fault!" speeches to happen.
    I'm on the ground here in Alberta(transplanted for love of all things) and every single one of those 9% separatists used to make more money then the market ever should have paid them...….and never saved a dime. Over 100,000 dollars yearly for jobs that would fetch them half that anywhere else in the country. A few snake oil salesman have convinced them it's Trudeau and Hollywood keeping them from paradise. A friend and I went to one of those rallies out of morbid curiosity and shook some hands. Mostly high school drop outs without a pot to piss in.....
    If porn's so bad, why are there so many nuns in it?....

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    Alberta could have had a different future if they didn't repudiate Lougheed's legacy.

    You have to admire Elon Musk, like Ted Turner before him, he took the blows and did it his way. Electric vehicle technology is now in the growth stage and Musk is reaping the rewards. The oil lobby tried to put him out of business, just like The Big Three tried to put Turner out of business when he launched his dedicated cable channels. Tesla is far ahead in electric cars technology with Toyota and BMW far in the distance. Meanwhile GM is delaying the release of the Cadillac Lyriq, their supposed answer to the Tesla Model 3. How long before they ask Trump for a bail out?


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    Quote Originally Posted by oagre View Post
    This should be in the Politics Section.

    This is business as usual for Kenney, who has based his entire political career on "we all hate Trudeau and the East". But now he's double-fucked. He's being sandwiched between the Far Right wacko Alberta separatists, who suddenly have 9% of the vote in the most recent poll, and the NDP who are within 5% of the Tories in that same poll. And you can guess that all those NDP votes are in Edmonton and he's going to lose that city politically. Plus his economy is fucked and the amount of $$$ he threw at the oil companies went for naught.

    And it's looking like the Good Times might never come back for AB. And it all happened on his watch!

    So time for the big "It's not my fault, it's all TRUDEAU'S fuckin' fault!" speeches to happen.
    Nothing funny about a province in this country basically living in constant recession, just shows how stupid you are pal .
    Trudeau and his left wing climate change losers have had a huge part in not pushing forward with pipelines

  11. #11
    Before they found oil, Alberta was farming and ranching and Ottawa forced them to buy equipment at higher then American prices from Ontario's Massey Harris.

    In the 1930's Alberta went bankrupt and was bailed out by the rest of Canada.

  12. #12
    Quote Originally Posted by Darts View Post
    Before they found oil, Alberta was farming and ranching and Ottawa forced them to buy equipment at higher then American prices from Ontario's Massey Harris.

    In the 1930's Alberta went bankrupt and was bailed out by the rest of Canada.
    What happened to the heritage fund,created under Lougheed, supposed to keep Alberta rich for eons?
    Squandered, they say. but on what?


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    Alberta should have been coerced into putting in a provincial sales tax by Ottawa in return making the murky world of equalization payments more fair to Alberta. The one trick pony Alberta oil economy is really taken it hard now with all the news being blue recently. They are stupid for considering the suicidal path of separation too as Quebec was.
    dick at largedick at large

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    A sales tax would have helped but Albertans don't want one, thanks for the clip Robo. That's how the fund was supposed to work, Premiere Don Getty attempted to hold the line but Alberta went into recession with the discovery of North Sea oil. He was replaced and his administration deemed a failure. I recently spoke with an oil executive from Calgary. I asked him if Alberta is willing to accept a carbon tax, he said, "if we wanted a carbon Tax we would have kept Notley". The boom may not return, not with further development of the Permian Basin in west Texas and New Mexico.

    Is Paul Martin Canada's best Finance Minister? The CPP was on the point of bankruptcy when he implemented his reforms after the 2000 Election. It went from bleeding money to net assets of $390 billion as of March 2019. The figures for 3/2020 aren't out yet.


  15. #15
    The trouble Alberta is in is 100% the fault of the people who have governed the province for the past 50 years, save for Peter Lougheed, who established the province's Heritage Fund, which is now squandered.

    With no provincial sales tax, out-of-control spending and an economy almost solely tethered to the oil industry, what did they think was going to happen? Let's not forget the $400 cheques King Ralph sent out to every man, woman and child in Alberta in 2006, which were nothing more than legal bribes to get himself re-elected.

    If there's one thing Albertans love, it's a snake-oil salesman as a premier. To give you an example, in the 1930s and 1940s, Saskatchewan and Alberta were faced with similar economic hardships. Saskatchewan elected Tommy Douglass as premier; Alberta elected William "Bible Bill" Aberhart. Enough said.

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    Some politicians stake their claim to greater power on an earlier achievement. Calgary got the 1988 Winter Olympics while Ralph Klein was Mayor. He eventually replaced Don Getty as Premiere. Now it's happening again. Steven Del Duca greased the wheels to finally getting the Portage Parkway Bridge over the 400 built. The area is now in the middle of a construction boom. Steven Del Duca is now Ontario Liberal Leader.


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    Quote Originally Posted by Kawailuvr View Post
    Nothing funny about a province in this country basically living in constant recession, just shows how stupid you are pal .
    Trudeau and his left wing climate change losers have had a huge part in not pushing forward with pipelines
    Anyone here saying it's "funny",..... "pal"?!

    Both my posts were pretty objective and not unsympathetic to Alberta. Go tee off on someone else, "pal".

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    Quote Originally Posted by Kawailuvr View Post
    Nothing funny about a province in this country basically living in constant recession, just shows how stupid you are pal .
    Trudeau and his left wing climate change losers have had a huge part in not pushing forward with pipelines
    I posted it in other thread, i'll post it here.

    Planet Earth will be around much longer than we will. When it's out of balance, Nature always corrects itself. With population explosion, deforestation and pollution, the rate of zoonotic viruses will accelerate. Now it's COVID -19, we have no idea what the next one will be. Nor do we know what lethal plagues that are locked in the Amazon will be released once it's stripped. Could be a mutation of Legionnaires or Flesh Eating, or something completely new, we don't know. At this point to be a climate change denier is to be a willful imbecile..."pal".
    Last edited by Insidious Von; 03-30-2020 at 11:25 AM.

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    I went grocery shopping on Monday. I saw a guy with three cases of bottled water leaving, had to use all my willpower to stop myself from going medieval on his ass. While COVID-19 takes up all our attention, the other pandemic is ongoing.


  20. #20
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    Quote Originally Posted by Robert Mugabe View Post
    What happened to the heritage fund,created under Lougheed, supposed to keep Alberta rich for eons?
    Squandered, they say. but on what?

    And maybe they shouldn't have been so cavalier thinking that they don't need to charge tax. They'd probably have trillions collected after all these years.

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    As if Alberta doesn't have enough problems.

    Canada has large reserves of Graphene Oxide in Shield Country. Graphene is central in the efficiency of solar panels and smartphones, among other uses. The biggest reserve appears to be in an area north of Lake Nipigon. Developed, it could change the economy of Northern Ontario.

    At the moment the economy of the northern half of The Golden Horseshoe is greater than Alberta's.


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