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, August 14, 2004

Solution for Ralph, if he's up to it! 

John Clark
14815-123 Ave
Edmonton, AB
T5L 2Y7
August 14. 2004.
Honorable Ralph Klein,
Room 307
Legislative Building,
Edmonton, AB T4K 2C6

The Honorable Minister Patricia L. Nelson,
224 Legislature Building 10800 - 97 Avenue
Edmonton .

Dear Ministers:

The Minister of Finance responded to my challenge that Oil Royalties charged by the Province of Alberta at 25% are the lowest in the world with a document “84733 Facts for Mr. Clark”, stating the Oil Industry would remain foremost in Alberta’s economy.

Inadvertently, this document also details only 10 of some 37 oil sands companies and these 10 companies show a total of 6.7 billions of dollars profit in part due to a tax black hole that allows them to write off “unknown future losses”.

If the 25% Royalty was moved up 15% to 40%; it would be near, but below the world standard! This would return a fair equity for Albertan’s of 1 billion in 2003; much more this year and in future years.

If you decided to leave the Royalties in place at the low 25% you could tax the profits of these companies at 15% for the same result.

The point being here that you obviously prefer to gouge the citizens of Alberta for your financing of infrastructure rather than put in a program that would alter oil stocks by less than 3%. Considering the direction of oil, it would not even prevent a windfall profit on oil stock!

Perhaps you will now consider price freezes on Albertan’s consumer utility costs leaving power and water exporters to pay from the market they enter?
Your priorities are clear and, Albertans are in for a very difficult time having the highest cost of living in North America, if the Conservatives are elected this fall!

John Clark.

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