Don Mills says people in Newfoundland and Labrador have a false impression of the state of the provincial economy. Wade Locke says Mills is full of it. To bolster his argument, such as it is, Locke released a raft of pretty charts a couple of weeks ago. One of them
Continue readingTag: oil royalties
The Sir Robert Bond Papers: Oil and polls #nlpoli
Two things for Tuesday after a monster snow storm. Oil: Brent crude hit a low of $52.50 before rebounding to finish Monday at just below US$55 a barrel. Newfoundland light, sweet crude trades at Brent prices. West Texas Intermediate was even lower. It settled at $43.88 with global production staying
Continue readingdaveberta.ca - Alberta Politics: Sometimes living in Alberta is like living in Bill Murray’s Groundhog Day
Sometimes living in Alberta is like living in the classic film Groundhog Day, in which actor Bill Murray finds himself in a time loop, repeating the same day again and again. In Alberta, relying on the cyclical nature of oil prices while… Continue Reading →
Continue readingThe Sir Robert Bond Papers: Thinking about the Unthinkable #nlpoli
Only a decade ago, voters turfed Roger Grimes and the Liberals from office as punishment for – among other things – signing a deal to develop a nickel mine even though it was a really good deal. But leave the oil in the ground rather than pump it out? Unthinkable.
Continue readingThe Sir Robert Bond Papers: The cost of not doing the math #nlpoli
Natural resources minister Jerome Kennedy admitted over the weekend that he had not done the calculation to figure out if the equity stake in Hebron was worth the cost compared to just a change in the royalty regime. CBC’s David Cochrane put the question to Kennedy after seven minutes or
Continue readingThe Sir Robert Bond Papers: Oil and Democracy #nlpoli #cdnpoli
Michael Ross contends there is a relationship between oil revenues and democracy. Crudely put: oil hinders democracy. First, the oil-impedes-democracy claim is both valid and statistically robust; in other words, oil does hurt democracy. … Second, the harmful influence of oil is not restricted to the Middle East. … The
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