Alberta can look after itself; time to end American influence

Alberta and Alaska both started oil production in 1976. Since then, Albertans have received one cheque for $400 from that oil. Alaskans insisted on a share of the oil income in 1982 and get about $1,000 dividends every year to a current total of $35,143 per person.

Alberta and Alaska both started oil production in 1976. Since then, Albertans have received one cheque for $400 from that oil. Alaskans insisted on a share of the oil income in 1982 and get about $1,000 dividends every year to a current total of $35,143 per person.

Alberta’s Heritage Trust Fund is at $17.2 billion. Alaska’s is at $51.2 billion. They made the commitment to save it until the oil runs out and not use it for general revenue at the whim of the governing party. Alaskan individuals pay no state tax.

Where did all the Alberta money go? Our schools and hospitals are no better than theirs. It recently came out that Alberta’s oil was valued at $40 when the world price was $80. It crossed the boarded at the $40 price which is convenient for the American oil companies who own most of the Alberta oil. We will not know where the Progressive Conservatives spent all the money until the government changes and Albertans have a chance to look at the books.

The fear is that Albertans can not run the oilfields if the American oil companies pull out. The first oilsands project was financed by selling shares to Albertans. We can do it again. We have technology and skills that are in demand all over the world. The American oil companies only came in when it was proven and when the then current PC government would give them massive subsidies.

Even now, the oil industry gets deals which are not available to other companies. I expect the PCs are filtering through the government records now making sure that when the NDP takes over and open the books to the people of Alberta we do not see what has gone on behind closed doors.

Alberta was started by strong individuals working co-operatively with each other. Only when the going got easy did the large international companies show up.

Albertans could run Alberta for the good of Albertans again.

Voting for a party that represents people and not large foreign companies should not be a bad thing. We now have a party interested in looking after individual Albertans in the NDP.

Wayne Rumohr

Red Deer

Just Posted

Good-bye ice and snow, hello potholes on Red Deer roads

City workers will be spending 20 hours a day on various road repairs

Fog advisory in effect for Red Deer, central Alberta

Heavy fog is affecting visibility for central Alberta drivers Saturday morning. A… Continue reading

Climate change’s impact on outdoor hockey discussed in Red Deer

Red Deer River Watershed Alliance held a forum Friday at the Alberta Sports Hall of Fame

Collision between Red Deer transit bus and truck investigated by RCMP

No one on bus was hurt, truck driver had minor injuries

Eckville man facing about 80 child sexual exploitation charges in court

More than half a million photos and videos found on electronic devices

WATCH: Fashion show highlights Cree designers

The fashion show was part of a Samson Cree Nation conference on MMIW

Montreal priest stabbed during mass leaves hospital; suspect to be charged

MONTREAL — A Catholic priest who was stabbed as he was celebrating… Continue reading

No winning ticket for Friday night’s $35.7 million Lotto Max jackpot

TORONTO — No winning ticket was sold for the $35.7 million jackpot… Continue reading

New report details impact of proposed NS spaceport in event of explosion or fire

HALIFAX — The head of a company proposing to open Canada’s only… Continue reading

Quebec man convicted in Mafia-linked conspiracy deported to Italy

MONTREAL — Michele Torre, a Quebec man convicted in 1996 for his… Continue reading

Republican Karl Rove says conservatives need more than simplistic slogans

OTTAWA — Legendary Republican campaign strategist Karl Rove, known for his no-holds-barred… Continue reading

B.C. hospital’s use as shelter ‘clarion call’ about housing crisis, says mayor

The 10-bed regional hospital that serves the medical needs of 5,000 people… Continue reading

Puddle splashing: A rite of spring

Is there anything more fun than driving through water-filled potholes in the… Continue reading

Special evaluations can help seniors cope with cancer care

Before she could start breast cancer treatment, Nancy Simpson had to walk… Continue reading

Most Read