More than half of Canadians believe Conservative economic plan not a success: poll

[JohnLarue]

Only 50% of the oil industry in Norway is privatised. Norway also restricts the amount of oil that can be drilled to much less than Alberta. Norway does have an environmental protection policy that is unique among oil producing nations.

Nope it all flows through Statoil

Statoil now produces 1.7 million barrels a day out of total Norwegian production of 2.1 million barrels.

1.7 out of 2.1 is closer to 80-90%

30% of the exploration is now shared with the private sector, although the government had to take a far smaller bite.

And yet, multinationals such as Conoco Phillips and Exxon Mobil have steadily invested in Norway’s offshore resources over the past 40 years and now account for about 30 per cent of offshore exploration and production.
These companies receive a sizeable government subsidy, introduced in 2005, that refunds 78 per cent of the exploration costs. In addition, taxes from onshore oil activities and from liquefied natural gas shipped overseas were reduced, which has attracted additional international investment.

What you do not seem to realize is that there is huge risk in exploring for oil, $5M for a well on the land, probably $50 MM in the ocean & if it comes up dry ????

Private sector risk takers will only do this if there is reward
he Norwegians are finding this out, it is shame you can not clue in

timing is oh so important.
Had the Norwegians started their govt run enterprise at a different time it may have bankrupt the government.
Just look at Mexico & Venezuela. Both had huge reserves & the government fuck it up real good
Now neither can get the technical expertise or the investment capital to fix their messed oil fields
Russia's oil field are a mess because they can attract money & expertise

 

[JohnLarue]

insults and ad hominem attacks only proves that you cannot refute the facts are listed. and who is we?

Just try & nationalize the oil industry & you will find out who we is
Sorry comrade it is not going to happen
Despite your apples to oranges comparison

 

[canada-man]

Just try & nationalize the oil industry & you will find out who we is
Sorry comrade it is not going to happen
Despite your apples to oranges comparison

nobody is calling for nationalizing the oil industry quit the cold war paranoa

 

[JohnLarue]

nobody is calling for nationalizing the oil industry quit the cold war paranoa

Then quit whining about what Norway has done & instead focus on how much wealth the Canadian oil industry has created

 

[Frankfooter]

Then quit whining about what Norway has done & instead focus on how much wealth the Canadian oil industry has created

The new investment in Canada is in green energy.
http://www.cbc.ca/news/business/11b-invested-in-renewable-energy-in-canada-in-2014-report-1.3232581

I wouldn't invest anything in the tar sands, too expensive and way, way too dirty.
Albert missed their chance on that boat.

 

[bver_hunter]

Nope it all flows through Statoil

1.7 out of 2.1 is closer to 80-90%

30% of the exploration is now shared with the private sector, although the government had to take a far smaller bite

Wrong. The Government owns 67% of Statoil with the 33% publicly owned. Also Statoil produces 60% of the Norweigan Oil with the remaining 40% produced by private oil companies. Do the math and the goverment's share is approximately 40% of the Norweigan oil. Also Statoil has the largest Carbon sequestration in the world which is highly impressive. Also fact of the matter is that Statoil has some of the best paid blue collar workers and some of the worst paid CEOs in the world.

 

[FAST]

The new investment in Canada is in green energy.
http://www.cbc.ca/news/business/11b-invested-in-renewable-energy-in-canada-in-2014-report-1.3232581

I wouldn't invest anything in the tar sands, too expensive and way, way too dirty.
Albert missed their chance on that boat.

Wrong,...its NOT an investment,...unless you show a profit,...the Ont. Fiberals have proven that to be the case with the so called renewable-energy BS.

You should take a course on economics in a free country.

FAST

 

[Butler1000]

Just hope and pray Munclair isn't going to implement the new Manifesto by Naomi Klein and numerous prominent Dippers. Some Batshit crazy going on there.

Unfortunately this is what the core supporters want. Can we take the chance he will bow to them?

 

[Frankfooter]

Wrong,...its NOT an investment,...unless you show a profit,...the Ont. Fiberals have proven that to be the case with the so called renewable-energy BS.

You should take a course on economics in a free country.

FAST

$11 billion spent on green energy and you think its not an investment?
And you claim to know economics?

 

[SkyRider]

Just hope and pray Munclair isn't going to implement the new Manifesto by Naomi Klein and numerous prominent Dippers. Some Batshit crazy going on there.

Unfortunately this is what the core supporters want. Can we take the chance he will bow to them?

Sometimes people have to learn life's lessons the hard way (like the kid who runs away from home) before they come to their senses. Remember when Ontario voted NDP?

 

[JohnLarue]

The new investment in Canada is in green energy.
http://www.cbc.ca/news/business/11b-invested-in-renewable-energy-in-canada-in-2014-report-1.3232581

I wouldn't invest anything in the tar sands, too expensive and way, way too dirty.
Albert missed their chance on that boat.

Well you are an idiot

Investing in green energy will be a questionable decision when they still do not make a profit 10 years from now & are still requiring government subsidies

The oil sands will still be producing long after the majority of todays green energy ventures have run out of money & the majority will without subsidies

 

[JohnLarue]

Wrong. The Government owns 67% of Statoil with the 33% publicly owned. Also Statoil produces 60% of the Norweigan Oil with the remaining 40% produced by private oil companies. Do the math and the goverment's share is approximately 40% of the Norweigan oil. Also Statoil has the largest Carbon sequestration in the world which is highly impressive. Also fact of the matter is that Statoil has some of the best paid blue collar workers and some of the worst paid CEOs in the world.

We had a government controlled oil company Petro Canada. It was a disaster. Had to be taken public before it wold operate propely
move to Norway if you believe they have all the answers

 

[canada-man]

Sometimes people have to learn life's lessons the hard way (like the kid who runs away from home) before they come to their senses. Remember when Ontario voted NDP?

Bob Rae is a liberal

http://www.progressive-economics.ca/2011/04/29/fiscal-record-of-canadian-political-parties/

 

[shakenbake]

Bob Rae is a liberal

http://www.progressive-economics.ca/2011/04/29/fiscal-record-of-canadian-political-parties/

He was NDP when he was the Premier of Ontario.

Leader of the New Democratic Party of Ontario
In office February 7, 1982 – June 22, 1996
Preceded by	Michael Cassidy
Succeeded by	Howard Hampton

21st Premier of Ontario
In office October 1, 1990 – June 26, 1995
Monarch	Elizabeth II
Lieutenant Governor	Lincoln Alexander Hal Jackman
Preceded by	David Peterson
Succeeded by	Mike Harris

 

[bver_hunter]

We had a government controlled oil company Petro Canada. It was a disaster. Had to be taken public before it wold operate propely
move to Norway if you believe they have all the answers

You come out with unsubstantiated nonsense about Statoil and their share of oil etc., and then it is proved to be wrong. What you state in your quote makes no sense at all. What exactly do you mean by "had to be taken public before it wold operate propely ". By the way I was born in Canada, but when your Harpo loses the election, maybe you will find a Harpo type nation to move to.

 

[JohnLarue]

You come out with unsubstantiated nonsense about Statoil and their share of oil etc., and then it is proved to be wrong. What you state in your quote makes no sense at all. What exactly do you mean by "had to be taken public before it wold operate propely ". By the way I was born in Canada, but when your Harpo loses the election, maybe you will find a Harpo type nation to move to.

Statoil is a government controlled enterprise.
We had a government controlled oil enterprise in PetroCanada which was a disaster.
It made no money & had to be sold and control handed over to professional non government mangers before it was profitable


Government run business have historically been a mess as they make decisions which are politically motivated rather than in the best interest of the business & shareholders
They also tend to be run like governments in terms of layers of red tape & bloated ineffective bureaucracies

Get something through your head
The role of government is not to get involved in individual businesses.
They have no right to take that risk with taxpayers money

 

[bver_hunter]

Statoil is a government controlled enterprise.
We had a government controlled oil enterprise in PetroCanada which was a disaster.
It made no money & had to be sold and control handed over to professional non government mangers before it was profitable


Government run business have historically been a mess as they make decisions which are politically motivated rather than in the best interest of the business & shareholders
They also tend to be run like governments in terms of layers of red tape & bloated ineffective bureaucracies

Get something through your head
The role of government is not to get involved in individual businesses.
They have no right to take that risk with taxpayers money

What a dogmatic approach. Obviously, you know nothing about Statoil. They are the ninth largest oil company, and 26th biggest company in the world. The manner in which they have grown is impressive. They even have a location in Canada and around the world. Yes I am not debating about how good private enterprises are, but I am all for good collaboration with public corporations as well. What is wrong with having well paid employees if you are also a great efficient government run organisation, that can compete with privately run enterprises? That is why the Norweigan Government has managed to create a fund of close to one trillion dollars for it's citizens and there is a collaboration with private enterprises to fund this trillion dollar savings for the future in spite of reduced income from oil prices. Er Alberta, let's not even go there. Wish the conns stop their narrow mindedness and realise that it's not always their way or the highway.

Look what the Harris Government did with the 407. They could have had the interests of all the taxpayers who funded the construction. All they did was to turn it into a cashcow for the owners from Spain and turn it into an elitist highway that the average Canadians are finding it difficult to make use of. Don't tell me that privatising public enterprises is always in the interest of the taxpayer.

 

[JohnLarue]

What a dogmatic approach. Obviously, you know nothing about Statoil. They are the ninth largest oil company, and 26th biggest company in the world. The manner in which they have grown is impressive. They even have a location in Canada and around the world. Yes I am not debating about how good private enterprises are, but I am all for good collaboration with public corporations as well. What is wrong with having well paid employees if you are also a great efficient government run organisation, that can compete with privately run enterprises? That is why the Norweigan Government has managed to create a fund of close to one trillion dollars for it's citizens and there is a collaboration with private enterprises to fund this trillion dollar savings for the future in spite of reduced income from oil prices. Er Alberta, let's not even go there. Wish the conns stop their narrow mindedness and realise that it's not always their way or the highway.

Look what the Harris Government did with the 407. They could have had the interests of all the taxpayers who funded the construction. All they did was to turn it into a cashcow for the owners from Spain and turn it into an elitist highway that the average Canadians are finding it difficult to make use of. Don't tell me that privatising public enterprises is always in the interest of the taxpayer.

You seem to think that you can flick a switch & have the government run a complicated business like the oil industry?
#1. This industry needs a constant flow of cash to survive.
#2. Any time you get the government involved the majority of private investors are not interested in participating
#3. The Canadian oil Industry would not have grown to anywhere near what it is today without private investment.
#4. The trillions of dollars not being wasted in the governments hands are in investors hands . (ie pension plans mutual funds).
#5 It appears Norway has been successful, however Mexico & Venezuela have not been successful wrt a government controlled oil industry & their industries are starved for investment $ and technical expertise.
I suspect if you investigate closely the Norwegian industry is not as rosy as you portray
#6 We went down this road with PetroCanada & it was a colossal failure. Why go there again?
#7 The track record of government involvement in business is abysmal. Political objectives outweigh sound business decisions.
#8 There are many other inconsistencies between Norway's industry & ours including concentration of the resource, access to markets, pricing, quality of the resource & a hundred other issues

It is not (for the hundredth time) a simple apples to apples comparison & intelligent people recognise this

One more time
If you prefer a socialist nanny state, move to one
That is not the road Canada wants to go down

BTW the 407 is also owned by SNC , you can choose to own it via purchasing shares.
The 407 is a busy road so Canadians are making use of it

If you do not like the arrangement do not use it
But quit whining about it

 

[MattRoxx]

Canada already is a socialist nanny state.

Health care is mostly socialized.
Cannabis use is illegal.
Paying for sex is illegal.
Bill C-51 has put strict and severe limits on freedom of expression.

And Canadians on average pay over 40% of earnings on taxes.

The average Canadian family continues to spend more on taxes than they do on food, shelter and clothing combined, according to the Fraser Institute’s annual study of taxation in Canada.

The think-tank’s Canadian Consumer Tax Index study released Thursday says a Canadian family earning $79,010 in 2014 would have spent 42.1 per cent of income on total tax bills compared to 21 per cent of income on shelter, 11 per cent on food, and five per cent on clothing.

Although the 2014 numbers can still change as more data becomes available, the percentage of income used to pay taxes has continuously risen since 2008 when 40.9 per cent of income was spent.

Charles Lammam, co-author of the study, said the consistent tax increases mean Canadians continue to have less money to use in other avenues...

Lammam said it’s important for Canadians to know the 2014 tax rate would be even higher — 44.2 per cent — when government overspending in 2014 is taken into consideration.

“They were spending more than the total revenue brought in and the difference has been borrowed. Essentially this difference between taxes and spending is a deferred tax.”

 

[bver_hunter]

What a dogmatic approach. Obviously, you know nothing about Statoil. They are the ninth largest oil company, and 26th biggest company in the world. The manner in which they have grown is impressive. They even have a location in Canada and around the world. Yes I am not debating about how good private enterprises are, but I am all for good collaboration with public corporations as well. What is wrong with having well paid employees if you are also a great efficient government run organisation, that can compete with privately run enterprises? That is why the Norweigan Government has managed to create a fund of close to one trillion dollars for it's citizens and there is a collaboration with private enterprises to fund this trillion dollar savings for the future in spite of reduced income from oil prices. Er Alberta, let's not even go there. Wish the conns stop their narrow mindedness and realise that it's not always their way or the highway.

Look what the Harris Government did with the 407. They could have had the interests of all the taxpayers who funded the construction. All they did was to turn it into a cashcow for the owners from Spain and turn it into an elitist highway that the average Canadians are finding it difficult to make use of. Don't tell me that privatising public enterprises is always in the interest of the taxpayer.

You seem to think that you can flick a switch & have the government run a complicated business like the oil industry?
#1. This industry needs a constant flow of cash to survive.
#2. Any time you get the government involved the majority of private investors are not interested in participating
#3. The Canadian oil Industry would not have grown to anywhere near what it is today without private investment.
#4. The trillions of dollars not being wasted in the governments hands are in investors hands . (ie pension plans mutual funds).
#5 It appears Norway has been successful, however Mexico & Venezuela have not been successful wrt a government controlled oil industry & their industries are starved for investment $ and technical expertise.
I suspect if you investigate closely the Norwegian industry is not as rosy as you portray
#6 We went down this road with PetroCanada & it was a colossal failure. Why go there again?
#7 The track record of government involvement in business is abysmal. Political objectives outweigh sound business decisions.
#8 There are many other inconsistencies between Norway's industry & ours including concentration of the resource, access to markets, pricing, quality of the resource & a hundred other issues

It is not (for the hundredth time) a simple apples to apples comparison & intelligent people recognise this

One more time
If you prefer a socialist nanny state, move to one
That is not the road Canada wants to go down

BTW the 407 is also owned by SNC , you can choose to own it via purchasing shares.
The 407 is a busy road so Canadians are making use of it

If you do not like the arrangement do not use it
But quit whining about it

Again a nonsensical spiel. Who controls 75% of the oil industry Exxon, Shell, BP? They are state owned. You also fail to mention that so many oil companies that are privately owned, have gone under worldwide including Alberta have gone under. Profits are all that matter to oil companies. Look at Occidental and the environmental catastrophe that they caused in Ecuador. So there are good and bad sides to every coin, I do not know why you Conns dont get that into your thick skulls. As for the 407 I use it when I have to. But I feel sorry for average residents that have to leave home around an hour early everyday to make the long commute. You right wingers give a damn about the average Canadians even if they contributed to the 407 but cannot afford it.