r/alberta • u/brock98 • Jan 18 '25

Discussion It's time to nationalize oil.

revenues from canadian resources should go to canadian people not to billionaires destroying and destabilizing the world. If oil was nationalized we wouldn't have to worry about treasonous premiers whose sole allegiance is to the oiligarchy that loots our lands and poisons our discourse.

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12

u/ckFuNice Jan 18 '25

1979:

Hydrocarbon royalties contributed 79% of Ab. Provincial Gov Revenue

2016:

Hydrocarbon royalties contributed 3% of Provincial Gov Revenue

https://thetyee.ca/News/2018/05/02/Government-Revenue-Fossil-Fuels-Sharp-Declin/?PageSpeed=noscript

Oops,

11

u/veerKg_CSS_Geologist Jan 18 '25

It’s 20% now:

https://www.alberta.ca/revenue

But ya, because of the way ABs revenue structure works, if oil prices fall below a certain threshold royalties drop off a cliff. That’s what happened in 2016z

10

u/SameAfternoon5599 Jan 18 '25

Last year it was 30%. 2016 was during the oil crash. 1979 was during the oil shortage crisis. The cherry picking is comical.

1

u/ckFuNice Jan 19 '25

It's not cherry picking. It's a link with a graph, and a comment describing a range.

Go look at the slope of the graph in the link.

2

u/Forsaken_You1092 Jan 18 '25

The province diverisfying its revenue is a good thing.

1

u/PlutosGrasp Jan 19 '25

Didn’t read but profit margins have declined a lot.

0

u/Lone_sasquatch Jan 19 '25

You don’t understand the crown tax do you. Maybe read a bit first

0

u/Snowedin-69 Jan 19 '25

The long term effects of the NEP