thought I’d highlight this rather interesting discussion on the big oil
companies and their profits taking place at Robert McClelland’s My Blahg. After describing the profits of Exxon Mobil, Royal Dutch Shell, and Petro-Canada (all up, surprise surprise) Robert had this to say:
Pricks. I say regulate them. And to hell with Alberta if they don’t like it.
And later in the comments he says:
Someone else: And the NEP worked really well last time didn’t it…
Robert: It worked great for Eastern Canada where I live and only care about.
I don’t know if he’s trying to be funny, or if he’s serious, but I
thought they were interesting comments nonetheless. I don’t think it’s
fair to blame Alberta for the current rise in prices. There are a
number of different factors, including speculators as explained by Mark Cuban back in September.
Not only that, but Alberta is using at least some of the profits from oil for worthy purposes. For example, we’ve stockpiled lots of Tamiflu and are ready to share.
We’re also investing more in our already top notch childcare
facilities. You can be bitter about the high cost of oil and the amount
Alberta profits, but it’s not like we’re actively spending money to
snub the other provinces!
That being said, I wish Alberta would take the lead and get a
national energy policy started. It would be wise to be proactive about
it, instead of defensive, I think.
MORE: One other thing I wanted to point out – I think Albertans have just as much reason to complain about oil prices as anyone else. The oil is extracted here, refined here, and doesn’t have to travel anywhere else, yet we pay around 90 cents a litre (as of today). How does that make sense? There are absolutely no distribution costs, especially here in Edmonton where we have a number of refineries, yet we pay just as much as everyone else.
Read: My Blahg