Gas prices up again

Subsidy name Who gives it? Who gets it? How much is it worth?*

Flow-through shares** Canada Oil and gas companies CAD 265 million

Direct spending & budgetary transfers*** Canada Oil and gas companies CAD 112 million

Crown royalty reductions Alberta Oil and gas companies CAD 1.162 billion

Tax exemptions for certain fuels & uses in industry Alberta Industry CAD 298 million

Royalty reductions, including deep drilling and infrastructure credits† British Columbia Oil and gas companies CAD 631 million

Reduced tax for aviation fuel Ontario Aviation Industry CAD 292 million

Tax exemption for coloured fuels used in agriculture Ontario Agricultural industry CAD 248 million

Fuel tax exemptions and reductions ‡ Quebec Industry and other consumers CAD 301 million

Cheers!

Ukee

These numbers don't really add up to anywhere near the claims in post 32. Also how are the last three considered subsidies to O&G? They seem like a subsidy to aviation, agriculture, and of course Quebec industries.
 
These numbers don't really add up to anywhere near the claims in post 32. Also how are the last three considered subsidies to O&G? They seem like a subsidy to aviation, agriculture, and of course Quebec industries.

Just a quick list I found in a two second google search as the site I’d used for rolled up subsidy values didn’t list the specific names of the AB subsidies. Again, I’m not searching for facts for folks, everyone needs to take responsibility and inform themselves. Just showing subsidies are real as the poster seemed to infer they weren’t.

Cheers!

Ukee
 
These numbers don't really add up to anywhere near the claims in post 32. Also how are the last three considered subsidies to O&G? They seem like a subsidy to aviation, agriculture, and of course Quebec industries.

Oh and the 2016 subsidy and revenue numbers for Alberta were taken directly from a government of Alberta report on the subject.

Cheers!

Ukee
 
Averaged since 2013, with the reality of significant reduction in revenue each year and significant increase in subsidies in recent years. Again, I’ve never once said this industry didn’t have a positive revenue vs subsidy ratio in the past. Similarly, I didn’t say we should end subsidies or that eliminating them would benefit pump pricing. What I did say is that we need to get value for our tax money: in the former instance the subsidies should be balanced against the expected revenues and in the latter my position was that any industry that is subsidized by the tax payer shouldn’t be allowed to collude and gouge the tax payer. Those are both concepts, quite frankly, that I would think folks of all political leanings can agree upon!

Cheers!

Ukee
Those concepts make a lot of sense for my wallet.
 
Once again,, not taking money in taxes from a company is not GIVING them something its not stealing from them is what it is. Money earned by individuals or companies does not inherently belong to the government, get that out of your head. That money belongs to the companies, it’s theirs. What you are saying is, all money belongs to the government and the “people” when the government leaves more in the hands of those companies for re investment they are taking it from the “people”. If that isn’t a load of socialist commie crap I don’t know what is. No wonder this country is sliding down this socialist crap hole like it is. When we’ve got people walking around with attitudes like this our standing as a free country is soon to be over.
 
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I would hardly call a change in royalty to be a subsidy. Its just a tax that comes right off the top regardless of profitability. Of course income taxes are paid in addition to those royalties for those making profits.
Another "subsidy" claimed by that environmental defense website are tax breaks for drilling expenditures. Utter nonsense. Why wouldn't you be allowed to deduct costs you incur when calculating your income?
 
Tell me what you do for a living, give me 30 seconds and I'll tell you 12 ways your job wouldn't be posible without oil and gas.

Well aware of all the ways my work relies on oil and gas. Also, realize that oil and gas is not going anywhere soon. The point of my post was to note that there are people on the board that work in oil and gas and their views on their own industry have an inherent bias.
 
Not stealing money in taxes from a company is not subsidizing it. The money a company make does not belong to the government it belongs to the companies it’s not up to the government to decide how much we can retain or how much a company can retain. Any money taken in taxes from a company is gone it’s lost, the government disposes of it. Any money kept by a company is used in re investment to grow the company and adds jobs and grows the economy.
You want to bring gas prices down in your province get after them to build that pipe and a couple more like it, you would be surprised what can happen. Otherwise get used to it and get ready to pay even more.

What about the tax money is used to provide govt services that the private sector can't or won't provide? (e.g. think of social services) What about all the services and infrastructure that comes from taxes like highways, hospitals, schools, prisons? What about testing our food for safety, monitoring the environment for pollution, providing police, fire, ambulance, search and rescue, the coast guard and the military? We could not live as a society with out them.

Also many companies do not reinvest in the company to create more jobs, grow the company and the economy but many times just increase the payouts to shareholders, executive bonuses, or buy more of their own stock. Here are just a few of many articles that illuminate this trend:
https://www.forbes.com/sites/annemarieknott/2019/02/21/why-the-tax-cuts-and-jobs-act-tcja-led-to-buybacks-rather-than-investment/#39a5845937fb
https://www.washingtonpost.com/business/economy/a-year-after-their-tax-cuts-how-have-corporations-spent-the-windfall/2018/12/14/e966d98e-fd73-11e8-ad40-cdfd0e0dd65a_story.html
https://www.bloomberg.com/news/articles/2019-01-16/here-s-how-u-s-businesses-actually-used-their-tax-cuts
https://www.theatlantic.com/ideas/archive/2018/07/are-stock-buybacks-starving-the-economy/566387/

It just is not a simple situation that if we reduce taxes all corporations will always reinvest in their operations, create jobs and grow the economy, especially true for large multi-national corporations (their shareholders always come first).

The reason that gas is more expensive in BC is that the oil companies unilaterally jack up the prices (with no justification or rationale) in this case 13 cents because they can and the govt is too spineless to do anything about it! This IMO is total bulls!t and we as citizens and consumers should wake up and tell the oil companies to stuff their BS, unsubstantiated price increases in BC! :mad:

IMO is just seems like they want to punish the lower mainland for not supporting the new pipeline. I don't care in this case if you support the pipeline or not, when corporations and not consumers decide the price of things that is not a true free market economy and just plain corruption, greed and abuse of power! My 2 bits!
 
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Once again,, not taking money in taxes from a company is not GIVING them something its not stealing from them is what it is. Money earned by individuals or companies does not inherently belong to the government, get that out of your head. That money belongs to the companies, it’s theirs. What you are saying is, all money belongs to the government and the “people” when the government leaves more in the hands of those companies for re investment they are taking it from the “people”. If that isn’t a load of socialist commie crap I don’t know what is. No wonder this country is sliding down this socialist crap hole like it is. When we’ve got people walking around with attitudes like this our standing as a free country is soon to be over.


Hahaha OMG, you couldn’t have missed the point of my post more! Think back to some of our past conversations and gear down there big rig. I’m in the same industry as you. Lol

Re-read, that post was showing the government gets more out of O&G than what the subsidies are! They’re a good investment. Damn son I even used bunny hugger! I’ve never been called a socialist commie before, gotta mark today on the calendar.
 
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Hahaha OMG, you couldn’t have missed the point of my post more! Think back to some of our past conversations and gear down there big rig. I’m in the same industry as you. Lol

Re-read, that post was showing the government gets more out of O&G than what the subsidies are! They’re a good investment. Damn son I even used bunny hugger! I’ve never been called a socialist commie before, gotta mark today on the calendar.

My comment was not meant to be directed to you sorry, ended up quoting the wrong post TN it was directed at Ukeedreamin.

I definitely know you and I are on the same page on these issues.
 
$162.9 in Vancouver this morning.
Why??
Why? Because they can and they do not have to provide any real justification based upon truth and fact. When pressed to do so the industry refuses to explain it! Why? Because they can't explain it without revealing the truth of the matter - i.e. price gouging! IMO just another example of a corrupt, price fixing industry that sadly govt's and consumers are not willing to do much about it. On the good side maybe it will help people to switch to non oil alternatives.
 
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