The best solution I suspect will depend upon the when of development. Kitimat is already there and can start quickly so that balances out some of the expenses of transportation, plus it boasts access to the entire Asia market. Dauphin could certainly us the industry and would be good once everything was in place so I am guessing that the timing on getting the product to market will dictate the next move.
Pipelines, energy and natural resources
- Thread starter QV
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Holy shit! They are so lucky no one died in this
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Some suspicious looking Canadian Geese were seen nearby......
They were also seen pooping into the reflecting pool, it's all linked.....
They were also seen pooping into the reflecting pool, it's all linked.....
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B.C. admits to $1.5B budget error following BIV investigation
Premier's office blames 'administrative error' for missing $1.5B in gas royalties; experts call the government's explanation confusing, and in some cases, demonstrably false
www.timescolonist.com
Copying this over from the BC Politics page.
But I quickly scanned this and had to wonder what people were thinking when developing the program if it's accurate. Lets design a government program designed to take 50% of the producers net profits as Royalties? So industry puts up all the risk, costs etc. and still pays a 50%? tax.
I am all for responsive royalty rates that adjust in accordance for market conditions...but they must be rapidly changing and transparent mechanisms.
Next door to this proposal is Alberta which apparently is 5% until well cumaltive revenue = cost of drilling/completion. Rates then increase, product dependent from 5-40% depending on commodity price and well maturity.
Next is Saskatchewan at what appears to be 2.5% rates for initial production up to 25 million m3.
Where would you invest if you're a company?
Just makes me shake my head sometimes over why folks think that eating the golden goose will create more geese in future. A better beer discussion is what is the appropriate rate as you can see there is a wide range and what calculation method is best....but companies won't invest in more products if they 're not going to make money.
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Well the work is obviously going to have to pause on this site...
"Hey guys, take 5...smoke 'em if you got 'em"
NO, WAIT!
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The BC NDP hates the oil and gas industry with the passion of a thousand fiery suns.B.C. admits to $1.5B budget error following BIV investigation
Premier's office blames 'administrative error' for missing $1.5B in gas royalties; experts call the government's explanation confusing, and in some cases, demonstrably false
Copying this over from the BC Politics page.
But I quickly scanned this and had to wonder what people were thinking when developing the program if it's accurate. Lets design a government program designed to take 50% of the producers net profits as Royalties? So industry puts up all the risk, costs etc. and still pays a 50%? tax.
I am all for responsive royalty rates that adjust in accordance for market conditions...but they must be rapidly changing and transparent mechanisms.
Next door to this proposal is Alberta which apparently is 5% until well cumaltive revenue = cost of drilling/completion. Rates then increase, product dependent from 5-40% depending on commodity price and well maturity.
Next is Saskatchewan at what appears to be 2.5% rates for initial production up to 25 million m3.
Where would you invest if you're a company?
Just makes me shake my head sometimes over why folks think that eating the golden goose will create more geese in future. A better beer discussion is what is the appropriate rate as you can see there is a wide range and what calculation method is best....but companies won't invest in more products if they 're not going to make money.
That is all.
Job loss? Holes in the provincial budget that you could drive an aircraft carrier through?
Whatever, as long as we are dogmatically pure.
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That would align with my previous experiences in BC. And in BC Forestry. Just out of date on the current policies but makes a person shake their head to say the least.
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