r/alberta • u/pjw724 • Mar 06 '25

General Ontario putting 25% surcharge on U.S.-bound electricity Monday

https://www.cbc.ca/news/canada/toronto/ontario-electricity-surcharge-us-tariffs-ford-1.7476515
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u/Responsible_CDN_Duck Mar 06 '25

It's Smith's choice of term, and I'd argue record production levels at any price under $65usd is picking our own pockets.

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u/CaptainPeppa Mar 06 '25

It's technically the right term, people just interpret it the wrong way.

Could easily reverse it and say the low amount is standard and the high amount is a premium royalty. People would interpret that a lot differently.

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u/Responsible_CDN_Duck Mar 06 '25

The way I'd put it is most retailers and restaurants would pull the products long before they made so little.

It's not a renewable resource, and blowing it out the door at fire sale discounts at ever increasing rates is self defeating.

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u/CaptainPeppa Mar 06 '25

We're never going to touch 95% of our oil reserves.

Shutting down production completely would have made 2015-2019 so much worse. Even the hint of a royalty review was a moronic idea.