Comment Re:I'm still wondering (Score 1) 224
Pure profit you say? No one else benefits from it at all? If you don’t know the truth just say so. I live in the Canadian Petro province of Alberta. And I quote from source: “ Alberta is forecasting a $2-billion surplus for 2026-27, an $11.4-billion turnaround from the $9.4-billion deficit projected when the provincial budget was introduced in February.” https://strathmorenow.com/arti...
we went from one of our biggest projected deficits of all time just this February, to a $2B! Surplus projection just 6 months later. Oil prices dictate terrific royalties and windfalls for governments. Of course it caused inflation across much of the population, but basically it’s caused incremental prices increases for many to flood government coffers. That will buy a lot of hospitals. And the govt has cut gas taxes, so really, our deficit has been paid for by oil companies. Hey, you can argue royalties aren’t enough (like less of an idiot) but to say the increase is pure profit is just wrong. I get the sense posters here don’t accept facts anymore when it challenges their narrative though.
we went from one of our biggest projected deficits of all time just this February, to a $2B! Surplus projection just 6 months later. Oil prices dictate terrific royalties and windfalls for governments. Of course it caused inflation across much of the population, but basically it’s caused incremental prices increases for many to flood government coffers. That will buy a lot of hospitals. And the govt has cut gas taxes, so really, our deficit has been paid for by oil companies. Hey, you can argue royalties aren’t enough (like less of an idiot) but to say the increase is pure profit is just wrong. I get the sense posters here don’t accept facts anymore when it challenges their narrative though.