February 02, 2016

Alberta NDP to "invest" $500M in oil industry they've destroyed. (PS: Meet the "genius" in charge...)

Ezra LevantRebel Commander

So in the past nine months the Alberta NDP has destroyed nearly 100,000 jobs in the province’s oil and gas industry and related sectors like construction, car and truck sales, even airlines, restaurants and hotels.

That's in a province of 4.2 million people. Employment Insurance claims are up more than 100%.

But you know what Ronald Reagan said about how government thinks: If it moves, tax it. If it still moves, regulate it. When it stops moving, subsidize it.

So yesterday, the same Alberta NDP announced that it would spend $500 million tax dollars “investing” in... the oil industry!

That’s NDP math:

Kill the private sector goose that lays billion dollar eggs.

Then take some taxpayer money and "invest" it in "new petrochemical facilities" -- like the ones Alberta already has.

And remember: Notley hasn't even brought in her carbon tax yet...

(PS: WATCH and I'll tell you who Notley picked to run this "investment" scheme...)

NEXT: Joel Pollak from Breitbart.com and I talk about whether or not Donald Trump can recover from his Iowa loss, and what Hillary's close win really means.

THEN: TheRebel.media's own Brian Lilley is leading the charge against Kathleen Wynne: the scandal, the lies, and the waste.

As part of our FireWynne.ca campaign, we just put up a huge, crowdfunded billboard in Toronto, thanks to our generous viewers.

(Tune in to find out where the next billboard is going...)

FINALLY: Your letters to me, positive or not! I give out my contact information at the end of every show, and of course, you can also leave your reactions in the comments below.

Thanks for watching!


JOIN TheRebel.media FREE for more fearless news and commentary you won’t find anywhere else.

Deleted emails. Cancelled gas plants. Bribery and more:
Ontario's Liberal premier Kathleen Wynne has got to go!

READ Ezra Levant's bestselling books debunking environmentalist propaganda against the energy industry:
Groundswell: The Case for Fracking and Ethical Oil: The Case for Canada's Oil Sands

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commented 2016-02-12 03:08:51 -0500
idiotic proposal from idiotic leaders!
commented 2016-02-05 18:54:41 -0500
Anyone want to bet the new industries will be Union shops?
commented 2016-02-05 14:28:46 -0500
really isnt much of an investment, what will it help what are they going to build with that, 1/64 of a pipeline to no where, half of a very small refinery if that, 1/16 of an upgrader if that, Complete idiots.
commented 2016-02-04 01:53:24 -0500
I don’t want to say it but I can’t help it.
“You just couldn’t make this shit up!”
commented 2016-02-03 22:57:35 -0500
Notley and trudeau do not want to support our industry they want to cripple drive out the big money and then nationalize it. The planted news stories, the planted commentd page types they are softening us up for this as a way to pay for green energy
commented 2016-02-03 20:51:54 -0500
No elections in BC won by NDP. What the hell is wrong with those people?
commented 2016-02-03 19:20:23 -0500
No problem. Nothing to see here folks move on.
commented 2016-02-03 14:12:23 -0500
Let me get this straight? Both the provincial government of Alberta and the federal Liberals are offering relief to Albertans. But, instead of supporting the oil industry that has been on its knees for months, so as to get Albertans back to doing what they do best, business and entrepreneurship, working for a living, and sharing the spoils with the rest of our country, what do these geniuses come up with? Between the two of them there have been:
Increase to corporate taxes;
Review royalties. Hardly imperative given the state of the oil market world wide (& after wasting 9 months it proved to be fair and equitable after years of NDP accusations otherwise); the only thing accomplished was to impede or negate possible investor interest in Alberta;
Thus, in the meantime, $Billions were moved to other oil friendly, live-in-the-real-world jurisdictions;
Shut down coal mines while failed green projects throughout the world is bringing coal back on the menu;
Implement carbon taxes (which neither mentioned in their campaign agendas);
Commit billions++ to development in other countries (Paris), and unvetted Syrian refugees;
Block pipeline projects (that Mr. Harper was to blame for every past delay and/or no go).
Then the solution to the problem of THEIR own making? Give us our own tax and transfer payment dollars back so that we can be like real people, cozy at the trough and on the dole with no real employment and prosperity in sight. Now that’s Gerald Butts’ image of a Liberal Alberta.
These are The Destroyers – kill the Alberta Can-Do Advantage. They will tax, regulate, and subsidize us into oblivion. Trudeau senior had it in for the West, sunny ways and his Marxist advisor Gerald Butts won’t rest until they finish us off.
commented 2016-02-03 13:38:39 -0500
Nutley does not support the fossil fuel industry and believes all fossils fuels should stay in the ground! Yet she believes that Alberta needs to diversify its industries through construction of more petrochemical factories! This is pure obfuscation on her part! Natural gas IS a FOSSIL fuel! You cannot get around that scientific fact.

“Natural gas is found in deep underground rock formations or associated with other hydrocarbon reservoirs in coal beds and as methane clathrates. Petroleum is another resource and fossil fuel found in close proximity to, and with natural gas.” To get this to the surface, it still requires drilling/fracking/etc. for it! It is not carbon neutral! The hypocrisy of this NDP government seems limitless! Perhaps someone needs to educate her as to the connection between PETRO-leum and PETRO-chemicals!
commented 2016-02-03 12:45:09 -0500
The socialist god of nationalization rears it’s ugly head. Notley and her Union Boss spouse are going to become financially enhanced. Typical of socialist agenda’s everywhere.

The posters look good, Ezra.
commented 2016-02-03 10:15:38 -0500
bottom line is notley and her communist cabal have rendered Alberta just slightly less toxic than Chernobyl. Let us not forget that the 500M they are offering to ‘diversify’ is Albertan’s money in the first place. Alberta entrepreneur’s are well skilled at ‘diversifying’ the economy, it is what we have been doing for 100+ years. NOTHING this ndp cadre does is too help Alberta or Albertan’s, every action the ndp takes is to subjugate mere citizens to the government while at the same time enriching their political insiders and unionized leeches.
commented 2016-02-03 09:55:36 -0500
The problem is that so many have been so conditioned by the cultural Marxists and their slow “march through the institutions” by means of political correctness that they are not “mad as hell”, but, rather, willing to capitulate to this madness. Interesting the clip of David Eggen crying for “no more approvals” with respect to Alberta’s oil industry and the NDP doing all they can to destroy it. Now Eggen is the Education Minister doing what he can to destroy Alberta’s children through his recently announced ‘guidelines’ and not a whimper from parents in opposition!
commented 2016-02-03 09:26:36 -0500
Good comment, Michael.
commented 2016-02-03 08:58:52 -0500
This is a wish bone thrown out to make the public think that Rachel gives a damn about O&G. The amount is laughable! I don’t believe anything this rogue government says. Actions say it all!
commented 2016-02-03 08:25:28 -0500
Her incentive is ridiculous. She could have made it a little more mouth watering for a company to invest. Especially when it takes billions to build those types of plants, and the Alberta government makes over 5 billion a year (that’s when times are good) on oil sands royalties a year. That’s just oil sands royalties. That’s not the conventional oil royalty, natural gas & by product royalty, the sale of crown land royalty, ect. What do they make off of fuel tax? Think they could have chipped in a little more? The NDP won’t be getting that kind of money with all these companies leaving, because of them.

And a just a little side note for all those who say the NDP isn’t ruining the economy, that it’s just the oil prices (I’m seeing so many of those comments lately), why are companies big and small moving their business to west Texas right now, who is booming even with the low oil prices? I just read about an Edmonton based oil company that has 15 employees, packing up and going to Texas and Mexico, because the government isnt tying their hands down there. Companies want to work and invest here, they just can’t. Will it get worse when this carbon tax rears it’s ugly head? You betcha!
commented 2016-02-03 08:21:18 -0500
Peter – it also goes to show that NDPers are more NIMBY (Not In My Back Yard) than BANADA (Build Absolutely Nothing, Anytime, Near Anything). They are perfectly OK with development in the third world where crony capitalism, bribery, and weak environmental laws rule. Responsible development in the first world sets standards for cleanliness that we citizens of the first world expect will be followed. Eastern Europe under communism and China’s deplorable record show that central planning does not lead to a cleaner environment.

The idea that “if we put the right people with the right ideology in charge then it will all work out” is central to central planning. That it never works doesn’t bother the far left. There’s a reason they won’t teach history in a coherent fashion – they don’t want anyone to learn what inevitably happens when they try to implement their big ideas. As for Econ 101 – there’s a reason that Economics is called “the dismal science”, the Libertarian leaning economists keep telling them they can’t have everything, and the Marxist leaning economists are always wrong in their forecasts.
commented 2016-02-03 07:13:32 -0500
Conservative over the years have kept saying again and again that if you raise the corporate taxes and other taxes that affect the oil industry, the companies will just pack up (where they can) and leave, investing in other cheaper jurisdictions. This will in turn leave the government with less money than when the taxes were lower. But socialists cannot get this through their thick cranial plates. They still cannot get this concept drilled into the walnut sized gray matter between their ears.

lower corporate tax rate = more businesses = larger tax base = more money
higher corporate tax rate = less businesses = smaller tax base = less money

This has always been a concept socialists are too bloody stupid to grasp.

Now, in their (duh, I don’t know why they are all leaving … is it somethin’ I said? duh!) stupor they say to those businesses, “Duh, if I give you some pocket change, will you come back? Duh”

What does it take to teach a socialist economics 101? Can they be taught? Is their cranial capacity too small?
commented 2016-02-03 05:28:39 -0500
Listening to these people speak, and observing the looks on the faces of their supporters….well, I’m sorry but they appear mentally damaged. They nod their heads but they are blank. How could the people of Alberta ‘hire’ such a pathetic, deliberately destructive bunch to run their province and our country into the dirt?
commented 2016-02-03 03:36:45 -0500
Notley is finished. Granting $500M to a butchered industry is the NDP’s own low level mentality response to the slaughter they applied to Alberta oil and gas.

With oil moving below $30 per barrel, virtually ALL of Alberta’s tax revenue from oil is approaching zero. This means that bond holders of Alberta’s debt may mobilize and start running Alberta on their own (and risk Alberta government default).

Alberta debt default is the next biggest risk thanks to the idiocy of Notley and the rest of the NDP. This means government payrolls will be missed. This has already been happening in the US in small doses.

The next phase that Notley will not be able to answer is, who will be buying Alberta’s bonds (Alberta’s debt) in 3 months? 6 month? 12 months?

Notley will be running out of cash and very soon.
commented 2016-02-03 02:07:01 -0500
It is good to see a conservative Canadian take on the elections south of the border. Ezra, any chance of interviewing some of the American politicians? I think it would be awesome to see a debate between Bernie Sanders and Ezra.
commented 2016-02-03 01:47:24 -0500
Ezra and Brian. Why are you always being bullies and picking on Kathleen Wynne? She has been an outstanding Premiere of Ontario. She created 300,000 jobs didn’t she? Who cares if they were all high paying public service jobs? I think you guys are homophobic and misogynistic bullies! Put that in your pipe and smoke it!
Just kidding guys. Trying to get you riled up a bit, especially Brian. I am waiting for the day Brian stands up and says “I’m damn mad and not going to take it anymore.” I think you would have some followers. Cheers :)
commented 2016-02-03 01:14:05 -0500
WOW! They get smarter every day i see. So instead of just raking in the cash, they will now rake it out. Does that actually make sense to anyone????
commented 2016-02-03 00:41:16 -0500
Great sign, hope you can get a couple for Notely in Alberta. However, I can see the Union Thugs in both Provinces doing big damage to them, and I can also see the OPP running the opposite way.
commented 2016-02-03 00:39:59 -0500
My god, I hope Joe Pollack is wrong about Bernie. The thought has crossed my mind as well.
commented 2016-02-03 00:12:06 -0500
Very perceptive analysis by Breitbart’s Joel Pollack noting that “Americans don’t know what socialism is any more”! Consistent with what Joel said, turns out, incredibly, neither do Bernie Sanders’ own supporters:
Shows cultural Marxism’s effectiveness in transforming the culture to make it receptive to socialism, Marxist Antonio Gramsci’s slow “march through the institutions”.
commented 2016-02-02 22:28:12 -0500
We used to do this in the sales industry!! Raise the price of the product a few months earlier and then put it on sale and tell everyone what a bargain they are getting!!
commented 2016-02-02 22:08:20 -0500
So funny to see the NDP messing up the economy. pushing and pulling. I am all for tax shifting and thought through tinkering but not patch jobs.
commented 2016-02-02 22:02:34 -0500
Best of the night was Pierre’s letter to Ezra at the end. It reminded me of how, one second after Harper’s election in 2006, when the Liberals found themselves out of power, the Reds began their true anti-Canada ground war against Harper’s proclamation of our being an Energy Superpower: That is, protests and court cases from every corner to disrupt that dream, and to hell with any damage to Canada’s prospects.

So, instead of a 2016 economy equipped with 2-3 pipelines under construction or near completion, that we now do not have, and instead of being propped up with $20B surpluses ready to handle any economic slowdown, we’re where we are now. Thanks a lot, Liberal Party. But hey, they got back in power, but with a ruined economic base, so let’s see what they do with it!

Only 43 months till the next federal campaign starts, folks.