David Yager: Alberta petroleum, politics and prosperity – an historical perspective
The political success of Alberta premiers dating back 50 years has been closely linked to the oil and gas business and federal/provincial relations.
Premiers fortunate enough to be in office when the oilpatch and economy were booming were popular and won multiple elections. Challenging the federal government when its policies negatively affect Alberta has been a reliable vote-getter, especially when it involves resources.
Those who were in office when Alberta’s main industry was struggling, or were seen as cooperating with Ottawa when its policies negatively affected oil and gas, have not been treated as kindly.
Jim Warren: If capital is short for oil and gas investment, maybe its time to revisit a provincial sovereign wealth fund
We are currently looking forward to a $500 good-times resource dividend. This suggests our provincial government is capable of generating a significant pool of money that could be invested in fossil fuel development and potentially make us even more money. There is nothing new about the idea. The heritage fund schemes developed in the 1970s were intended to support economic development and diversification initiatives as well as serve as rainy day funds.
Letter to Editor: If other provinces choose to embrace energy poverty, that is their decision. Saskatchewan shouldn’t
The government of Saskatchewan has a duty to its citizens to provide reliable, affordable, and secure energy, especially since it is produced within its borders. If other provinces choose to embrace energy poverty, that is their decision; Saskatchewan can choose otherwise and pursue energy and economic prosperity. The question is: Will it do so?
Brian Zinchuk: There’s only one word for all the greenhouse gas programs the feds have or will impose on Saskatchewan: strangulation
It’s more than half of the current provincial budget. So how do we come up with that money? How do we pay for all these taxes, manure covers, output-based pricing, new ZEV purchases and the like? How do we do it when our two biggest primary industries are being choked off by these very policies? Where will the money come from? Who gets the privilege of working while the rest of us line up to pay our various greenhouse gas taxes? What will our economy be with reduced ag, and choked-off oil and gas?
David Yager: Why ‘the world should be worried’ about oil supplies
Saudi Arabia has reminded us again of the power of the world’s largest oil producer. Through Saudi Aramco, one country with only 35 million people controls 11 per cent of global supply.
Saudi Arabia can influence global oil prices simply by adjusting output. It has demonstrated this many times. The Saudis also control OPEC, but don’t advertise it.
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