Good morning. Here is an update…
– A censored provincial government report shows that Albertans weren’t necessarily getting their fair share in royalty rates…
Alberta Energy told the provincial government in 2004 that the province was missing out on billions of dollars in resource revenue, newly released documents show.
In a 2006 report, the department estimated that since royalty rates were capped at certain price levels, Alberta had lost between $1.3 billion and $2.8 billion in “uncaptured economic rent” for natural gas alone in 2003 and 2004, or between $700 million and $1.4 billion a year.
The department’s cross-commodity resource valuation team called on the government to “increase conventional oil and gas royalties to restore Alberta’s fair share at high prices.”
– The newest kid on the right-wing block of Alberta politics is strolling around the corner… two of Alberta’s right-wing political parties are setting the stage to merge. The Alberta Alliance and the Wild Rose Party have announced their intentions to join forces in an attempt to storm the right-wing gates of Alberta’s political spectrum. Enter the Wild Rose Alliance.
– The Stelmach Tories are attempting to forge a new day in post-Craig Chandler nomination Calgary-Egmont. It looks like two main candidates have stepped up to the place. Vicki Engel and Don Middleton are lining up to face former Calgary Catholic School District Chair Cathie Williams who is running under the Alberta Liberal banner and now-Independent candidate Craig Chandler.
– Also, Canada had a political leader even half as charismatic as Barack Obama, it would be a gigantic improvement over our current Canadian political leaders. I’m excited to watch the New Hampshire results tomorrow night!