Wednesday, October 10, 2007

Encana Killed Santa Claus: A Reasoned Response To The Alberta Royalties Issue

The level-headed responses to The Alberta Oil Revenues issue keep pouring in:

-Canadian National Resources says they'll cut drilling operations up to 65 percent.

-Petro-Canada (Remember? The guys who were supposed to be looking after our national interests? Me neither) Boss Ron Brenneman: "...acknowledged the system should 'share the upside' with Albertans through higher royalties when prices are high.

'But right now at current prices, investment can't tolerate much higher royalties."

...which raises questions about which alternate universe Ron fills his tank in.

Prime Minister Harper, in a sudden display of common sense (at least politically), is staying the hell away from the issue.

It's time for reason and common sense to prevail equally on ALL sides of this issue. In that spirit, I offer this sane and wise counter-punch:

Encana killed Santa Claus.

Calgary's annual Santa Claus parade, originally planned for November 18th this year has now been canceled. This is because traffic downtown is hopelessly bunged up (as it will be for a year) in order to construct the breathtakingly fugly Bow Building, which looks like it was designed by a cyborg Albert Speer.

In the meantime, Christmas will still arrive as scheduled in Venezuela.

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