tag:blogger.com,1999:blog-31415271.post6910567365245491119..comments2023-09-22T06:22:50.820-06:00Comments on Ken Chapman: Drilling Contractors Complain Business is Down - Its the Marketplace Not the Royaltieskenchapmanhttp://www.blogger.com/profile/11384045981190810115noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-31415271.post-49681670252390017222007-09-29T16:08:00.000-06:002007-09-29T16:08:00.000-06:00Not quite all the truth. The GOA paid to build a ...Not quite all the truth. The GOA paid to build a road to haul logs as part of supporting the larget single line pulpmill in the world in Alberta - a place that had very little forest industry in 1987. ALPAC repaid it early - in full with interest! <BR/><BR/>That loan deal was done way before Hunter ecame President but it was repaid while he was President!<BR/> <BR/>In any event please explain the relevance of your comment to energy sector royalties.kenchapmanhttps://www.blogger.com/profile/11384045981190810115noreply@blogger.comtag:blogger.com,1999:blog-31415271.post-47791108991446807062007-09-29T16:01:00.000-06:002007-09-29T16:01:00.000-06:00Government subsidies. As I recall, Bill Hunter wa...Government subsidies. As I recall, Bill Hunter was President and CEO of Alberta-Pacific Forest Products Limited, a company that lived off a loan from the Heritage Savings Trust FundAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31415271.post-71265412564053131042007-09-28T21:29:00.000-06:002007-09-28T21:29:00.000-06:00Ken, ken, ken...who wouldn't want to keep good tim...Ken, ken, ken...who wouldn't want to keep good times rolling??<BR/><BR/>If they were asking for a gov't subsidy (like Ag or many other industries), you could accuse them of all this. What they are saying is "The market will sort this out, please Gov't don't make it worse." Or prolong it unnecessarily.<BR/><BR/>Pretty reasonable to me.<BR/><BR/>Gas prices are low, so drilling has dropped. <BR/><BR/>Seems to me the only adjustment really needed is to find a way for Albertans to share in the upside, like when Katrina hits and gas spikes upwards in a way no one imagined. That's the source of the profits BTW and those are done and gone. We are in a new world. <BR/><BR/>If the panel had bothered to take the time to try and understand the industry that they were supposedly studying, perhaps we wouldn't have had to have this ridiculous argument. They went way over what they were asked to do and didn't do it thoroughly.Anonymousnoreply@blogger.com