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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (32766)	11/25/2004 4:04:21 AM
From: Taikun	Read Replies (1) \| Respond to of 39344

DAK, I'm concerned about a raid by the CDN Fed on Alberta's resources. I'm also concerned about Kyoto. We have to watch CDN mfgs to see how Ottawa acts. I don't think they're inseparable. I posted something on this the other day on SI but I couldn't find it so I report here. It applies to all of Alberta's wealth. This guy is a bit extreme, but just Google 'Alberta Ralph Klein oil firewall' Mitts Off Alberta Dough' Klein -Terry Pearson Posted October 4th, 2004 With Oil at 50 dollars a barrel, it's natural for Ralph Klein to issue a warning to Ottawa to keep their hands of Alberta Oil revenue. "We have the constitutional authority to protect and to run our resources and reap the profits and rewards of those resources," Klein told the Edmonton Petroleum Club. "And by God, Ottawa, keep your hands off!" But the federal natural resources minister, John Efford, says he has no designs on Alberta's oil windfall. "My hands are not in his pot," He says. In a Calgary Herald Report, Deputy Prime Minister Anne McLellan accused Alberta Premier Ralph Klein of fear mongering and exploiting a painful chapter in Alberta's history by suggesting recently that Ottawa may plunder the province's energy wealth. "I think it's most unfortunate that people practice what I call the politics of fear and misrepresentation," McLellan said. "There is absolutely no interest (or) intention to interfere with Alberta's ability to exploit its resources for the benefit of its people." The NEP was implemented in 1980 by then prime minster Pierre Trudeau. The policy was designed to increase Canadian control over the industry and shield eastern consumers and industry from increasing world prices. But most westerners -- then and now -- saw it as a naked revenue grab and Ottawa's attempt to reassert authority, and Albertans haven't forgotten that the NEP pulled oil revenues out of the province and held domestic oil prices below the world price. 90 to 100 billion dollars were stolen from Alberta, then passed on to Quebec. Most Albertans blame that program for single handedly ending the Alberta boom that had started during the world's energy crisis of 1973. Ann Mclellan is an expert on fear mongering. After all, here is what she said prior to the election, "A government under Stephen Harper would keep Albertans out of the political mainstream." "Do we want to build walls around Alberta?" ""Firewalls are about a very negative and hostile concept in terms of what a province might want to do in relation to its neighbours," she told reporters. "It's about dividing. It's about separation. It's a concept of some hostility as far as I'm concerned." Pretty scary stuff huh? Paul Martin described Alberta's firewall as, "He (Stephen Harper) wants the province to seal itself off from the rest of Canada to protect what it has." Well no kidding! The liberals just hate that "f" word. Now if the liberals didn't have in mind, to come like thieves in the night, and rob us of our resources, then why should the firewall concept bother them at all? After all as long as Alberta pays it's annual franchise fee of 9 billion to remain in confederation, shouldn't that be enough? How about that Kyoto thing? With Russia onside, Kyoto reaches the 55-nation benchmark required for implementation. The Kyoto agreement was signed by John Chretien as he had a "gut feeling." Simply put, it's NEP with another name. Ted Byfield put the idea forth that come next election, which is soon, what's stopping Paul Martin from rallying votes in Ontario and Quebec. He writes, "To gain a majority, it must win more seats in Quebec and Ontario. The surefire means to gain support down there is to promise a major raid on "the Rich Oil Barons," meaning us. It's a formula that has never failed. It is bound to happen. It is also a double-edged sword because it will cause a devastating split in the Tories. Their Alberta and Western wing will go one way and their Ontario and Eastern wing will go another. So we will have a single-issue federal election. Do you want a government that is prepared to "stand for the interests of all Canada," or one that will "serve only the interests of a single, already very rich province?" The Liberals will go back with a landslide. The Alberta boom will come to an abrupt end. The revenues, supposedly guaranteed to the province by the terms of Confederation, will be pillaged as they have been before." It was Ted Byfield that predicted that a new federal Party would be born in the west, as a result of the NEP. Remember "The Reform Party?" But this time it won't be another party. It will be a split from the Ontario border to the west. Although the media dwells very little on the issue of Western independence, I can assure you that the rumblings of separation, out here in the west, are as loud as those as Mount St. Helen's. rightpoint.org D