The money just rolls in—$892 per second. We are wallowing in it. Alberta’s non-renewable resource revenue for the 2022/23 fiscal year is the highest in history, by far—40 percent higher than the previous high in 2005/05. Twenty-eight billion dollars. The windfall results from high oil prices, record production and higher
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Accidental Deliberations: Friday Morning Links
Assorted content to end your week. – Elian Peltier reports that Denmark’s message that the COVID pandemic is over has predictably given rise to a new – and particularly dangerous – wave as people abandon even the most elementary care to avoid community transmission. And Brittany Gervais reports on the
Continue readingAccidental Deliberations: Thursday Morning Links
This and that for your Thursday reading. – Mike Konczal notes that a single-minded focus on shareholder wealth – exemplified by today’s obsession with stock buybacks – has frozen workers out of any returns from economic development. And Anne Perkins writes about the outrageous gap between the pay of the
Continue readingAccidental Deliberations: Sunday Morning Links
This and that for your Sunday reading. – Mariana Mazzucato discusses the dangers of confusing market prices with intrinsic values: Value has gone from being a category at the core of economic theory, tied to the dynamics of production (the division of labour, changing costs of production), to a subjective
Continue readingAccidental Deliberations: Leadership 2018 Links
The latest from Saskatchewan’s NDP leadership campaign as the entry deadline has passed and the membership deadline approaches. – While I haven’t tracked endorsements all that closely, it’s certainly worth keeping track of any changes since previous leadership campaigns between two candidates who have run before. And on that front,
Continue readingThe Sir Robert Bond Papers: Williams concedes on royalties (2007) #nlpoli
As Bond Papers noted on Thursday, part of the Hebron deal will involve a change to the provincial royalty regime local media are characterising as a concession.The Telegram reported on Friday morning that the province will indeed lower the initial royalty to a flat 1% on gross from an escalating regime that maxed at 7.5% until
Continue readingNotley quite correctly accepted the Royalty Review Panel’s conclusions
The Alberta Royalty Review Advisory Panel has concluded its study and issued its report. One of its conclusions, and certainly its most controversial, was, "Alberta’s total fiscal take (including royalties) from crude oil and natural gas wells is reasonably positioned against its most direct competitors." In other words, there is no justification for raising royalties.
Was I surprised?
Continue readingAccidental Deliberations: On delayed rectification
I’ll largely echo David Climenhaga’s take on Alberta’s oil and gas royalty review (PDF). But it’s well worth highlighting the difference between the two main interpretations of the review’s recommendations – and what they mean for future resource polic…
Continue readingAlberta Politics: Second verse, same as the first! Notley Government decrees no change to Alberta’s royalty regime
PHOTOS: Alberta Premier Rachel Notley, surrounded by Calgary New Democrat MLAs in this screen shot of yesterday morning’s news conference in Calgary, announces her new government’s new royalty policy, which is pretty much the same as the old govern…
Continue readingAccidental Deliberations: Thursday Morning Links
This and that for your Thursday reading. – Paul Weinberg discusses the need to focus on inequality in Canada’s federal election, while Scott Deveau and Jeremy Van Loon take note of the fact that increased tax revenue is on the table. The Star’s editorial board weighs in on the NDP’s
Continue readingAccidental Deliberations: Sunday Morning Links
This and that for your Sunday reading. – Dana Flavelle examines how many Canadians are facing serious economic insecurity. And Kevin Campbell discusses how the Cons are vulnerable on the economy due to their obvious failure to deliver on their promises, as well as their misplaced focus on trickle-down ideology:
Continue readingAccidental Deliberations: Tuesday Morning Links
This and that for your Tuesday reading. – Branko Milanovic discusses how rent theory fits into the glaring gap between productivity and wages: Bob Solow explored a couple of days ago another possibility. Going back to his own initial work on the theory of growth, some 60 years ago, Solow
Continue readingAccidental Deliberations: Saturday Morning Links
Assorted content for your weekend reading. – Lynne Fernandez properly labels the Cons’ federal budget as the “inequality budget”. Andrew Jackson discusses how we’ve ended up in a new Gilded Age in Canada, and what we can do to extricate ourselves from it. And BC BookLook reviews Andrew MacLeod’s new
Continue readingAccidental Deliberations: Saturday Morning Links
This and that for your weekend reading. – Robert Ferdman reports on a Pew Research poll showing that wealthier Americans are downright resentful toward the poor – and think the people with the most difficult lives actually have it too easy: (T)he prevalence of the view might reflect an inability
Continue reading9 ways Alberta should manage resources better
Sometime toward the end of November, the Alberta government will release their 2nd quarter fiscal update. Finance Minister Robin Campbell will likely tell us that the second quarter was another good quarter but that the good news is coming to an end and the 1st quarter projection of a $3 Billion bonus will be
Continue reading9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER
Sometime toward the end of November, the Alberta government will release their 2nd quarter fiscal update. Finance Minister Robin Campbell will likely tell us that the second quarter was another good quarter but that the good news is coming to an end and the 1st quarter projection of a $3 Billion bonus will be revised. The reason of course … Continue reading 9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER →
Continue readingAccidental Deliberations: Thursday Morning Links
This and that for your Thursday reading. – Oxfam studies the spread of extreme inequality around the globe, as well as the policies needed to combat it: Oxfam’s decades of experience in the world’s poorest communities have taught us that poverty and inequality are not inevitable or accidental, but the
Continue readingAccidental Deliberations: Wednesday Morning Links
Miscellaneous material for your mid-week reading. – Stephanie Levitz reports on the Broadbent Institute’s study showing that Con-friendly charities haven’t been facing any of the strict scrutiny being used to silence anybody who dares to speak up for environmental or social causes. And Jeremy Nuttall notes that the problem is
Continue readingAccidental Deliberations: Friday Morning Links
Assorted content to end your week. – Mitchell Anderson discusses Canada’s woeful excuse for negotiations with the oil sector – particularly compared to the lasting social benefits secured by Norway in making the best of similar reserves: Digging through the numbers, it seems Norway is considerably more skilled at negotiation.
Continue readingAccidental Deliberations: Friday Morning Links
Assorted content to end your week. – Ian Welsh discusses the nature of prosperity – and the illusion that it means nothing more than increased economic activity: All other things being equal more productive capacity is better. The more stuff we can make, in theory, the better off we’ll be.
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