The Economist On Alberta's Fair Share

The Economist on Ed Stelmach's Royalty sell out. Yep folks his approach may have been balanced for the whiners in Calgary Petro Towers, but when it comes to the market place we are still getting shortchanged.

Nov 6th 2007
From Economist.com

OIL prices seem to hit a new peak each week. This is good news for governments which take a cut of revenues. And coffers will swell further as companies explore new sources of oil that had previously been too pricey to extract, such as oil sands in Alberta, Canada. The province's government recently announced an increase in royalties from 47% to 55% of net revenues in 2010. But this is still a relatively small share compared with many countries. The tax man in Norway, Russia and Libya takes over 70% of revenues.

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