Ralph Klein has gone and it is time to retire Ralph's World. Thanks to all of you who have supported this venture by contributing material and through your comments. It has been fun.

Should we get another blog underway? Let me know your thoughts by e-mailing me at johnnyslow@gmail.com.

John Slow
January 1, 2007

Saturday, July 31, 2004

Smoke and mirrors or mis direction? 

John Clark
14815 – 123 Ave
Edmonton, AB T5L 2Y7
July 18, 2004.

Murray Smith, MLA404 Legislature Building,
Edmonton, AB T5K 2B6

Re :Release in Edmonton Journal – Oil subsidies about to increase.

Dear Minister;

The captioned article says that within 3 years Albertan’s should be seeing more revenue from royalty monies. In your letter to me of the June 22 you indicated the majority of heavy oil companies were paying only 1 % royalty while the minimum group were paying only 25%, the latter being the lowest royalties paid to a state in the world!

I have asked you for a list of all companies involved, the percentages they are paying and their interest in Electrical power generation for the “Alberta export grid”. You have been less that forth coming in this regard. I will now ask also for the date of maturity for the end of the 1% subsidized royalty.

I recognize this has everything to do with the corporate bottom line and this information will greatly affect stock values. Because of this, the information should be made public rather than with held for the use of “inside traders”.

I also have come to recognize the very shallow cost analysis and budget process you undergo always citing the nebulas further oil (and now power) prices as caveats.

Certainly you will have inside information on how much royalty monies Albertan’s can expect? A royalty scale starting at 40% would seem to be world standard.

In the interest of honest trading, please respond with some reasonably accurate numbers and dates.

Yours very truly,

John Clark

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