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

Thursday, September 30, 2004

Hands Off! Means his stock options. 

John Clark
14815 - 123 Ave
Edmonton, AB T5L 2Y7
September 30, 2004
Honorable Ralph Klein,
Room 307
Legislative Building,
Edmonton, AB T4K 2C6

Re:- Hands Off! Protect 20 Billion in oil profits going to stock market rather than royalties!

Dear Premier:

Why does Hands Off not apply to you too? You do not speak of our cash and oil, you speak of the massive windfall profits going to the stock market! You and your oil royalty polices, the lowest in the world, have been ripping off Albertans for the duration of your administration! With oil above 50 dollars a barrel and the revenue returned to Albertan’s remains only 25% you are allowing multi billions of dollars of what should be Albertans’ money to go into oil company windfall profits and then the stock market.

This year alone, I would estimate greater than 20 billions of dollars lost to Albertans out of the Tar Sands this year alone! Plus the lost royalties on conventional sources and we have enough to pay the National Debt!

The conventional supplies of oil have less than 6 years of production left and this production comes at a high price to our potable water! You have already squandered away this resource. National gas is almost gone, residual to be used by the tar sands for heat extraction. Do we get paid for the latter or, is it given freely to the oil extraction companies? It seems to me we are getting hit from all directions and there appears to be no hope for change under your administration.

I see the Suncor/Elzinga marriage as a farce. High priced spin doctoring to protect share dividends!

If you will not get Albertans a fair return on their resource it must be left up to Ottawa to do so!

John Clark

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