4 ms·
As with any time you deploy an average... (And I'd expect better on this forum of all places) Show me the distribution. Show me the median not just the mean. S
by cmrdporcupine 5mo ago
As with any time you deploy an average... (And I'd expect better on this forum of all places)
Show me the distribution. Show me the median not just the mean. Show me the standard deviation.
Otherwise ... abused.
Yes, we all know oil is an extremely profitable (and environmentally destructive) commodity. That doesn't make the typical Albertans somehow responsible for holding up all of confederation. Just means oil is making some people very rich. For now.
I'm from there and my family is in Alberta. I can tell you now that the oil industry ain't doing jack squat for them.
- jleyank 5mo agoDo the oil profits even stay in Canada? Taxes maybe, but it’s not like the province owns the wells.
- cmrdporcupine 5mo agoThey get to "own" them when it's time to "clean them up" after they're abandoned by bankrupt shell corporations, that's for sure. https://www.pgic-iogc.gc.ca/eng/1588343274882/1588355750048 https://www.pgic-iogc.gc.ca/eng/1588343274882/1588355750048 https://www.cbc.ca/news/canada/calgary/abaondoned-oil-well-orphan-cleanup-parkland-institute-report-1.6093414 https://www.cbc.ca/news/canada/calgary/abaondoned-oil-well-o... https://www.thestar.com/news/canada/what-did-alberta-do-with-1b-from-trudeau-for-o-g-cleanup/article_58b472c6-b1ad-592d-9ac5-49b1df9bbf0c.html https://www.thestar.com/news/canada/what-did-alberta-do-with... https://www.theglobeandmail.com/business/article-more-than-1-billion-spent-cleaning-up-inactive-wells-in-alberta-led-to/ https://www.theglobeandmail.com/business/article-more-than-1... But Trudeau had it out for Alberta. Better off separating. Yep.
- ChoGGi 5mo agoI think 70-80% of investors are down South, so not much stays here no. And jack shit goes into the heritage fund, just for aimco to throw away (sorry invest).