Despite assertions to the contrary, Alberta’s oil sands are the proverbial golden goose for all levels of Canadian governments, which stand to gain almost a trillion Canadian dollars in the form of royalties, taxes and investment dollars by 2050..That’s according to the Canadian Energy Centre’s latest analysis, which estimates governments at all levels will generate US$420.7 billion in direct revenues along with another US$327.8 billion in capital expenditures based on an average long-term oil price of $60 per barrel. .The capex and government revenue numbers are expressed in nominal US dollars, assuming a 2.5% inflation rate and a 10% discount rate, it said in a statement..The capital numbers are equally important because it details the dollars required to keep production flat, without increasing it. Governments benefit from increased direct investment flows along with sales taxes for materials and income taxes from workers providing maintenance and any number of other services required to keep the oil flowing..The oil sands presently contribute more than 112,000 direct and indirect jobs across Canada alone, and are expected to generate well over $1.7 trillion to the Canadian economy as a whole, according to the Montreal-based Policy Options think tank..Chances are, those numbers — generated by independent analytics firm Rystad Energy — “uses a relatively conservative price trajectory for the analysis,” CEC said..The oil sands are the third-largest reserves in the world, after Venezuela and Saudi Arabia, with about 170 billion barrels of oil economically recoverable with existing technology and another 145 billion considered technically feasible..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
Despite assertions to the contrary, Alberta’s oil sands are the proverbial golden goose for all levels of Canadian governments, which stand to gain almost a trillion Canadian dollars in the form of royalties, taxes and investment dollars by 2050..That’s according to the Canadian Energy Centre’s latest analysis, which estimates governments at all levels will generate US$420.7 billion in direct revenues along with another US$327.8 billion in capital expenditures based on an average long-term oil price of $60 per barrel. .The capex and government revenue numbers are expressed in nominal US dollars, assuming a 2.5% inflation rate and a 10% discount rate, it said in a statement..The capital numbers are equally important because it details the dollars required to keep production flat, without increasing it. Governments benefit from increased direct investment flows along with sales taxes for materials and income taxes from workers providing maintenance and any number of other services required to keep the oil flowing..The oil sands presently contribute more than 112,000 direct and indirect jobs across Canada alone, and are expected to generate well over $1.7 trillion to the Canadian economy as a whole, according to the Montreal-based Policy Options think tank..Chances are, those numbers — generated by independent analytics firm Rystad Energy — “uses a relatively conservative price trajectory for the analysis,” CEC said..The oil sands are the third-largest reserves in the world, after Venezuela and Saudi Arabia, with about 170 billion barrels of oil economically recoverable with existing technology and another 145 billion considered technically feasible..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
