March 12, 2016

Notley’s anti-oil policies push Alberta’s unemployment rate to 7.9%

Rebel Staff
 

That’s way higher than the Canadian average, of 7.3%. It’s higher than in Quebec, the welfare case of Canada, where it’s 7.6%.

A year ago, Alberta’s unemployment rate was 5.4%. Do you think it’s done climbing?

Rachel Notley hasn’t brought in her massive carbon tax yet. She hasn’t yet jacked up minimum wage to $15 as she promise to do.

Notley hasn’t lifted a finger to get pipelines through — which was her entire rationale for bringing in the carbon tax, as if that would convince anti-Alberta haters and anti-oil haters to suddenly love pipelines. What a liar.

She’s positively boasting, in the Edmonton Journal, that she deserves credit for the new war on methane that Trudeau and Obama announced in Washington. Of course — they’ve already taken out oil pipelines. Now they’re coming for fracking.

But there is one bright spot in the Alberta economy: The public sector grew by a staggering 47,000 people. That’s 12.7% growth. In one year.

No, this isn’t a disaster to the NDP. This is their plan.

Comments
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commented 2016-03-14 10:52:09 -0400
Andrew said, “Private sector within. Semantics aside, my point stands. The oil industry couldn’t afford to spend 40 dollars to extract a barrel of bitumen worth 25. Back in the Klein era, that same barrel of oil cost them 10, resulting in heavy profit margins at a price they now lose money on.”

Klein’s era was not that long ago Andrew. Your numbers are wrong. Provide some proof that it only cost the oilsands companies $10/barrel to extract the oil “back in Klein’s era.”

The facts remain that the corporation are pulling out of Alberta because of the NDP policies, this reason stated as such in the press released from the corporations themselves.
commented 2016-03-14 07:17:12 -0400
It really amazes me how anybody can support what the NDP are doing to this province. Come on people, the numbers are the numbers. Unemployment is way up, business is way down, and there is no support for business. (small, medium and large) Federally and provincially we are being torn down by our elected leaders. It is sad and embarrassing. I thought I would never do this but my focus is to take my Business and 30 yeas of experience and our 50 Alberta employees out of this regressing province and country. So sad.
commented 2016-03-14 00:34:30 -0400
Andrew companies wouldn’t have pulled out altogether. Don’t forget fracking in Alberta,its cheaper to extract. Why do you think Sask. is still producing and Alberta is not? One reason and one reason alone, Rachael Notely.
commented 2016-03-13 21:27:17 -0400
“The Alberta government does not own any oil, gas nor oilsands projects whatsoever. Corporations own the projects. It is corporate money that funds the oil, gas, and oilsands projects entirely.
"

Private sector within. Semantics aside, my point stands. The oil industry couldn’t afford to spend 40 dollars to extract a barrel of bitumen worth 25. Back in the Klein era, that same barrel of oil cost them 10, resulting in heavy profit margins at a price they now lose money on.
commented 2016-03-13 16:54:57 -0400
The USA is NOT Canada’s friend whatever Emperor Justpoleon may think! He has been duped by OBAMA, and, in turn, is attempting to dupe Canadian taxpayers. Where Canadian interests in oil and gas projects are being stymied by the environmentalists, by Ontario, by Quebec, American projects are being green-lighted by the American government.

The LNG project in B.C. is a prime example of that. This project is a multi-billion dollar project that would allow CANADIAN liquefied natural gas to be shipped to Asian markets. But it is suffering one set back after another from the Canadian government. Yet, an American project that is shipping the same LNG to overseas customers is raking in the billions of dollars that Canadian markets had hoped for.

http://business.financialpost.com/news/energy/shocking-setback-for-jordan-cove-lng-project-as-u-s-denies-pipeline-permit?__lsa= is another Canadian project that is being blindsided by the American government. Yet, at the same time this is happening: http://business.financialpost.com/news/energy/more-pain-for-canadas-natural-gas-producers-u-s-drillers-ready-to-pounce-and-re

And then there was the spectacle that our “sunni” ways Emperor made re the methane gas emissions controls which hits the natural gas sector face on! To me, there seems to be a concerted effort being made by Obama and Trudeau to shut down Canada’s economy!
commented 2016-03-13 15:37:51 -0400
ANDREW STEPHENSON commented 17 hours ago
" Jermaine said, “The oil industry would have tanked even with the PCs in power…”

Bullshit! Is that clear enough for you?"

Oil wouldn’t have dropped as low as 28 dollars a barrel with the Conservatives in charge?

That’s a bit unrealistic, don’t you think? The pullback has been global.

You’re as asshole. You positively rationalize the Notley tactics of intentionally bankrupting and destroying a province.
You would be the same type of person that would argue why a woman deserved to be raped.
commented 2016-03-13 15:35:28 -0400
Andrew said, "Because at the time Alberta had not thrown every dollar it had into very high cost projects. It had achieved a relatively steady state economy on a combination of conventional oil, as well as oil sands projects which were both paid off and extracting the most economical resources. In addition, at the time they could afford to hold back on public investments since the province had finally caught up on infrastructure (it’s now ridiculously far behind again). "

“Because at the time Alberta had not thrown every dollar it had into very high cost projects.”

To what “high cost” projects are you referring?

“… which were both paid off …”

The Alberta government does not own any oil, gas nor oilsands projects whatsoever. Corporations own the projects. It is corporate money that funds the oil, gas, and oilsands projects entirely.

It is the corporations that take on the entire operating costs to extract the oil/gas. The only thing (other than various licensing fees and environmental fees) that the Alberta government receives is royalties on the extracted oil/gas. So your contention that “oil sands projects which were both paid off” is irrelevant because that expense is all on the corporations.

“In addition, at the time they could afford to hold back on public investments since the province had finally caught up on infrastructure”

Wrong. The province was behind in hospitals, public schools and roads maintenance at the time Ralph took office in 1993. I know because I lived through that time.

Alberta just came out of bad recession at that time partly because Pierre “Idiot” Trudeau raped Alberta for abut $200 billion. It was only because of Peter Lougheed that Alberta was not further damaged in that 80’s recession. I lived through that too. So, Alberta infrastructure was bad because of that recession. Ralph took over at that time.

Andrew Stephenson you are just making up stuff and hoping I would not know the difference.

You just cannot admit that the Notley government with their policies is a major contributing factor in Alberta’s current economic situation. And I suspect that there is no amount of facts I can tell you that will change your mind.
commented 2016-03-13 13:44:52 -0400
Andrew, is the government in the oil sands business, directly investing capital in it? No.
Is the government doing anything to help get our products to tide water, promoting pipelines? No.
Is a carbon tax going to get money to the burning ball of fire 93 million miles away to convince it to change what it has been doing for hundreds of millions of years to our climate? No.
Does raising and introducing new taxes get passed onto the consumer? Yes.
Does raising the minimum wage hurt small businesses, and at the same time push low income earners into a higher tax bracket, excluding them from many social programs/benefits? Yes.
Does raising/introducing new taxes slow investment in Alberta? Yes.
The NDP are directly responsible for all of these things, not one of which has helped any Albertan, or Alberta business.
commented 2016-03-13 13:10:18 -0400
“Why don’t you explain how Ralph Klein reversed the spending and eliminated the debt when oil averaged $34.76 per barrel? ’

Because at the time Alberta had not thrown every dollar it had into very high cost projects. It had achieved a relatively steady state economy on a combination of conventional oil, as well as oil sands projects which were both paid off and extracting the most economical resources. In addition, at the time they could afford to hold back on public investments since the province had finally caught up on infrastructure (it’s now ridiculously far behind again).

In the last decade or so Alberta became reliant not just on higher cost resources, but a substantial part of its economy became reliant on BUILDING those very expensive projects, not just the steady state operations of them.

In essence the structure of the economy is different now than it was in the Klein era. What was once a relatively efficient, lean economy became bloated and reliant on expansion of ever more expensive projects. With time things will re-equilibriate and Alberta will achieve a steady state again.
commented 2016-03-13 12:47:34 -0400
William said, “The true leftist sees the world as he/she wishes it would be instead of the way it actually is.”

Truer words have never been spoken!

We see some of them that post here on this website that exhibit this tendency.
commented 2016-03-13 12:43:55 -0400
Anyone who cannot or refuses to see that Notley is directly responsible for Alberta’s current economic situation is deliberately fooling themselves … and for what? why? What do you gain by lying to yourself?
commented 2016-03-13 12:41:58 -0400
The sky is the limit for unemployment rates in Alberta. Businesses adapt to changing economic times and when governments impose extra costs, said businesses find ways of lowering other costs, often to the detriment of their employees. McDonalds is introducing electronic kiosks for placing your order and increasing the number of cooks in their kitchens. These skilled workers will be making the $15 minimum wage while the many students and lower skilled workers formerly employed will be out of luck. The true leftist sees the world as he/she wishes it would be instead of the way it actually is.
commented 2016-03-13 12:30:46 -0400
Andrew, why am I not surprised that you refuse to answer my question.

You cannot explain why Ralph was able to pay off the debt and bring Alberta into a profit when oil averaged $34.76 per barrel.

That ruins your narrative that Notley is not responsible for Alberta’s current economic situation.
commented 2016-03-13 11:30:39 -0400
Andrew said, "Yes, of course. Is the government responsible for Alberta’s mess? No. It isn’t. "

And that is where you are wrong. They are indeed responsible for the economic situation in Alberta.

Why don’t you explain how Ralph Klein reversed the spending and eliminated the debt when oil averaged $34.76 per barrel?
commented 2016-03-13 11:24:15 -0400
“Andrew…Oil has been lower and the oil industry did much better then…they didn’t pull out and cease to invest in the province because there was certainty and support from the government …if you are thick enough to believe the intensity of the slowdown in Alberta isn’t the dippers fault you need a serious increase in education. "

Oil has indeed been lower, but that was before they had really expanded the high cost projects in the oil sands (the expansion itself being a major source of jobs, expansion that has all but stopped due to the cost of some of these new projects). Further, the energy sector painted itself into a corner on labour costs.

We can simply point out that Alberta got smacked and unemployment began rising sharply, six months before the NDP was even elected. It was sharp enough to drive the entire country into a recession, and this was still while there were conservative governments at both levels. Further, next door in Saskatchewan, which doesn’t have an NDP government, unemployment is also up sharply in the last two years – they got hit by the potash crash as well, and that happened a year or so before oil began its descent. SK has been losing people interprovincially since 2013, it’s only growing due to immigration.

Does the government have an influence? Yes, of course. Is the government responsible for Alberta’s mess? No. It isn’t. The energy sector itself is; it got caught up in building a bunch of high cost projects just before oil dropped 70%.

The simple fact is, shale oil is a better product and cheaper to make. Whining about the NDP does not do anything about that.
commented 2016-03-13 03:41:20 -0400
Don’t forget the liberal, ndp msm are also a huge part of the problem in this province and country. They will not tell the truth and their love-in for muslim pm is unbearable to watch. Lisa Laflamme of ctv news was loosing it the other day in Washington. A gitty, uncontrollable voice just made me sick along with her unprofessional stupid comments. It’s no longer news, just fluff that’s not worth watching, similar to etalk. These destroyers have the local and so-called national msm in their pockets. It’s way time we leave and quit being abused, ridiculed and taken for granted, it will NEVER CHANGE, NEVER CHANGE.
commented 2016-03-13 01:24:18 -0500
Well, you people can think that the price of oil is the main problem, but then there obviously no sense talking facts to you because you have already decided to ignore the facts in lieu loving Notley.

Notley is the main problem, not the price of oil.

Ralph Klein made the province debt free on $34.76 oil price.

Make sure you people who say that the price of oil is the problem ignore that fact. Wouldn’t want fact to get in the way of your love for Notley.
commented 2016-03-13 01:14:18 -0500
Good. Good.

Keep the unemployment rate rising. Once it hits 250,000+, we should see open violence against the NDP. Of course, like the Progressivist-Sodomites that populate the ranks of the Bernie Sanders Campaign, there are those in the NDP who will form squads of vigilantes to protect their interests, and declare the opposition “violent” and “warlike”. Fine. Let there be war and the wholesale destruction of the NDP.
commented 2016-03-13 00:18:39 -0500
With reasonable royalty rates, lower taxes and a sane and stable government, the oil industry in Texas is doing just fine.
commented 2016-03-13 00:01:20 -0500
Andrew…Oil has been lower and the oil industry did much better then…they didn’t pull out and cease to invest in the province because there was certainty and support from the government …if you are thick enough to believe the intensity of the slowdown in Alberta isn’t the dippers fault you need a serious increase in education.
commented 2016-03-12 21:19:49 -0500
" Jermaine said, “The oil industry would have tanked even with the PCs in power…”

Bullshit! Is that clear enough for you?"

Oil wouldn’t have dropped as low as 28 dollars a barrel with the Conservatives in charge?

That’s a bit unrealistic, don’t you think? The pullback has been global.
commented 2016-03-12 21:18:51 -0500
Pretty sure it was oil itself that is the root of the problem. Saskatchewan has had similar increases in unemployment over the same timeframe; only held down somewhat by people leaving the province.
commented 2016-03-12 20:40:33 -0500
The unemployment level in Alberta is going higher and the debt much higher under the NDP lack of leadership. The destroyers are no where near done yet!
Just like Trudeau is going to do for Canada, its not going to be 18.4 billion of debt per year, its going to be 25 to 30 billion of new debt every year the clown is in office! That is what happens when you elect stupid.
commented 2016-03-12 20:04:57 -0500
Its not all her fault. No body not even Harper helped Alberta. And really the Oil prices are the main problem.
Of course if there was any sense we wouldn’t have JT out there hobnobbing and talking about chasing the wind, he would be back here helping with real problems like the need in Alberta. The problem is, both of them will say just about anything to shut people up but then do nothing. Its the Obama way. So. don’t expect anything unless you are prepared to take over the country by force. Otherwise, stay tuned for 4 years of darkness.
commented 2016-03-12 20:03:54 -0500
Didn’t Sheila already do a story on this?
commented 2016-03-12 19:20:25 -0500
Notley bankrupts Alberta.

Then people starve.

Then the riots start.

Then Notley gets hung from a lamp post.
commented 2016-03-12 18:51:36 -0500
The Non-Democratic Party does not give a copulated rodent’s backside about the unemployed. Despite her ‘apology’ the Energy Minister, invisible woman, stated what the Non-Democrats want when she told the unemployed to move to B/C. They don’t want those folks here to vote in 2020, so move the copulation away. Either that or exercise your right to euthanasia. The less high-info voters, the better for the Non-Democratic Party. So get with the programme unemployed, and stop being a nuisance, you have a couple of options.