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Here's one more way Notley NDP's anti-drilling policies are driving revenue out of Alberta
Posted
October 30, 2015
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2:41Now PlayingHolly Nicholas of TheRebel.Media asks, have the Alberta NDP considered losses of revenue from petroleum and natural gas leases going back to the Crown?
It's doubtful.
48% of Crown land is owned provincially, which means that our government makes significant revenue from the sale of these leases to oil and gas companies.
Over the past 4 years, oil and gas companies have spent over $5B dollars on land leases.
Once a lease is granted to the highest bidder and depending on the region of purchase, a company has two, four or five years to drill a well, produce, or prove potential production.
Recent drilling rig counts, which are a good gauge of land use, are at 25% utilization this week. This number is also down 25% from last year.
Think of the losses in revenue to the government when land leases aren’t being drilled.
What else has the NDP forgotten in their budget?
The NDP budget is a disaster. Over 50,000 are out of work. Investment is fleeing the province.
SIGN THE PETITION to tell Rachel Notley stop her war on Alberta oil and gas jobs:
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READ Ezra Levant's bestselling books debunking environmentalist propaganda against the energy industry:
Groundswell: The Case for Fracking
Ethical Oil: The Case for Canada's Oil Sands
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