"I've got nothing against Muslims, I just think they're trying to take over the world and enslave us all"

I didn't write this. It was forwarded to me. But no matter what political party you support you will find the following very informative.



Alberta Oil Industry

I am writing this post in an attempt to inform & educate anyone who wants to understand the basics of how the Alberta government receives royalty money from Oil and Gas production in our province. I will also explain how Alberta has lost BILLIONS of dollars in royalties over the last 5 or so years (remember this is money that could have paid for new schools, healthcare, social programs, or “insert government funded program of your choice”). Lastly I will touch base on the impact this discussion has for all of Canada, and what we can ALL do about it.



I will try to keep this high level, but provide enough detail to help understand the basics.
So first – The Oil and Gas industry is divided into 3 main sectors:


1. UPSTREAM -Raw production from wells or open-pit mining. (this is the only area where Alberta gets paid a royalty)
2. MIDSTREAM -Transporting raw production or refined products – pipelines/trains/trucks/barge/storage tanks, etc..
3. DOWNSTREAM -Refining of hydrocarbons (Oil and Gas) in to end-use-products– gasoline, jet fuel, heating oil, lubricants, this list goes on and on.


In regards to royalties – Alberta only receives a royalty on raw production that takes place in the Upstream Sector. This is because the majority of Oil and Gas reserves in Alberta (80%) are located on Crown-Land (the government and people of Alberta own the surface/mineral rights). We allow companies to invest money (billions) and establish their operations here to extract that Oil and Gas. We do however set a specific percentage (royalty) that companies must pay to us for every barrel of oil that is produced (I’m really just going to focus on Oilsands because that is where the majority of our Oil and Gas royalty money is generated from. We also receive royalties from natural gas, crude oil and liquids ).



There are two basic formulas for Oilsands royalties:


PRE PAYOUT - this is when a company has not yet recovered their initial investment. While the company is still working to make their money back on their startup costs, we charge a royalty between 1-9% of their gross revenue. This percentage is dependent on the price of oil (the higher the price of oil, the higher the percentage we take).


POST PAYOUT – at this point the company has recovered their initial investment, so now we (Alberta) take between 25-40% of the company’s net profits. Again – this percentage is dependent on the price of oil. The higher the price of oil, the higher the royalty percentage we take.



This is a VERY HIGH LEVEL explanation of royalties, but I hope it at least helps you to understand the basics about how we make money as a province from our Oil. To give you an idea – in 2014 and early 2015, Alberta was paid approx. 8.3 BILLION in royalty money (see link in comments for breakdown). That pays for a lot of government funded services.



Now – I mentioned that I would also explain how Alberta has lost BILLIONS in royalty revenue over the last 5 or so years. I think many of you will be very shocked to hear the following facts:



Alberta oil production has been growing quite fast over the past 15 years. In the year 2000 we were producing approx. 600K barrels/day. Now in 2015 we are producing around 2.3 Million barrels /day. That’s almost a 400% increase in production! Unfortunately, while we have increased production, we have NOT built the infrastructure (pipelines) to help transport this increased production to end markets. I’ll try to provide an analogy to make my point: you know how at the end of the year when a clothing store has excess inventory, they throw a massive clear-out sale to get rid of their excess inventory? (They have too much inventory, so they sell it at a discount to get rid of it). This is essentially what is happening to Alberta Oil! We have more product than we can fit into pipelines, so we sell it at a significant discount to help get rid of it. The price discount applied is anywhere from 10-40%! Remember, we get paid a royalty based on gross revenue (pre-payout), or net profit (post payout).



ALBERTA IS LOSING ROYALTY DOLLARS BECAUSE OUR OIL IS LANDLOCKED, CAUSING A DRAMATIC DISCOUNT WHEN WE SELL IT!



That 8.3 Billion in royalty revenue I quoted should have been substantially greater, but we sold our oil at a discount because we don’t have the infrastructure to ship it to end markets. I hope this makes sense how we have truly taken away money from ourselves by challenging pipelines (the safest method of transporting oil, a product we ALL use every single day). I don’t think that many people understand this.



This discussion of royalties and pipelines has implications for ALL of Canada as well. If what I have mentioned above does not move you, I hope the following facts will:



Canada has the 3rd largest oil reserves in the world, yet we DO NOT provide our entire Country with oil!! EASTERN CANADA IMPORTS MILLIONS OF BARRELS of Oil every year from countries like SAUDI ARABIA, NIGERIA, IRAQ, VENEZUELA, and ALGERIA.!

People claim to fight pipelines in Canada because they are protecting human rights and the environment. Yet we’re completely okay with importing oil from overseas countries that have atrocious human rights violations, and next to no environmental regulations compared to Canada……this is mind boggling and completely illogical. Again – I don’t think that many people understand this.


By protesting pipelines (specifically Energy East), Canadians are saying they would rather import oil from countries with atrocious human rights violations, and little to no environmental regulations compared to Canada (taking away jobs from Canadians and losing additional income tax).
And back to royalties – by protesting pipelines we are losing BILLIONS in royalty dollars, because we can’t ship our products to end markets, so we sell it at a discount (which lowers the royalty we receive).


If you’re a true environmentalist and humanitarian, you would push to buy ONLY CANADIAN OIL! Canada’s Oil industry has some of the tightest environmental regulations in the world! We’re also a world leader in renewable energy (which many people don’t realize). Please support Canada today and tell our governments (Federally and Provincially) to approve pipelines…..OR.... YOU COULD CONTINUE TO SUPPORT FOREIGN OIL INTERESTS…..the choice is yours!


Thanks for listening.


Please like and share this post to help others understand the basics about this conversation. This topic has implications for all of Canada, regardless whether you work in the industry or not.

glucker,
you're the only one that's going to read that.

glucker,
you're the only one that's going to read that.
- kicksave856

if Canadian oil was self sufficient they wouldn't need a (frank)ing pipeline across the united states of america

if Canadian oil was self sufficient they wouldn't need a (frank)ing pipeline across the united states of america
- watsonnostaw

The Oil, from the Oil sands needs to be refined, and needs access to tidewater, and that's what KXL was all about.

Pipelines are BY FAR the safest method of transport for Oil, so I don's know why you'd object to another pipeline.

http://www.manhattan-institute.org/pdf/ib_23.pdf

The KXL became the "poster child" for the environmentalists (backed by competing & foreign Oil interests), and the Low information sheeple in North America bought the BS they were pedaling.

Between 2009 and 2013, more than 8,000 miles of oil transmission pipelines have been built in the in the U.S., AOPL spokesperson John Stoody said, compared to the 875 miles TransCanada wants to lay in the states of Montana, South Dakota and Nebraska for its 830,000-bpd project. By last year, the U.S. had built 12,000 miles of pipe since 2010

lol

Guess that is the end of watson on this site.

Guess that is the end of watson on this site.
- BingoLady

seems canada should build some of them thar tidewater refineries

glucker,
you're the only one that's going to read that.
- kicksave856

Nope, but I did find the first line funny "I didn't write this".

seems canada should build some of them thar tidewater refineries
- watsonnostaw

I'd much rather follow the Dopps ideal of selling you guys all our oil at a discount, so we can buy it back at a premium.


Seems fair.

Just 6% Of Americans Got All Of These Basic Science Questions Right. How Well Will You Do?

http://www.pewresearch.org/quiz/science-knowledge/

boooring

thank you for so vigilantly defending my Nation
- Crimsoninja

Zuo Zongtang (sometimes written as Zu? Z?ngtáng or Tso Tsung-t'ang) was one of the greatest military leaders of China’s long and storied history. He rose quickly through the ranks of the army, quelled rebellions, served with distinction in a civil war, founded a modern arsenal and dockyard, established new, efficient logistics systems within his armies, forced Russian forces from China, and went on to serve in several positions in the national government.

In the West, particularly the U.S. and Canada, we know him simply as General Tso, namesake of a Chinese takeout chicken dish.

Zuo was born in 1812 in Hsiangyin, Hunan, to a family of wealthy landowners.

His family’s money allowed him to pursue an extensive education; he was able to obtain a chu-jen ( “promoted scholar”), the second-highest academic degree awarded in the imperial civil service exams. He made three attempts to qualify for the highest degree, chin-shih (“ready for office”) and failed each time. He gave up hope for work in the imperial bureaucracy and returned to Hunan. There, he worked as a tutor for the family of a former governor general, got married, and pursued a variety of quiet interests. He farmed silkworms and tea, wrote a book on agriculture, read about the sciences, and studied politics. He referred to himself as “The Husbandman of the River Hsiang.”

In 1850, a civil war known as the Taiping Rebellion broke out between the forces of Hong Xiuquan and the governing Qing Dynasty. Xiuquan, a convert to Christianity who claimed to have received visions that revealed him as the son of God and the younger brother of Jesus Christ, had established Taiping Heavenly Kingdom and taken control of a large swath of southern China. He attempted to replace the country’s indigenous religions with his own form of Christianity and enact social reforms in line with his ideology.

Two years into the war, Zuo was hired as an advisor by the staff of the governor of Hunan and given full control over the province’s military. The peaceful silkworm farmer turned out to be a gifted and ruthless soldier, and earned comparisons to his contemporary, Union general William Tecumseh Sherman.

Zuo drove the Taiping rebels out of Hunan and then the neighboring Guangxi province, followed them into coastal Zhejiang (after his victory there, he was appointed governor of the province and an Undersecretary of War) then south into Fujian and Guangdong, the seat of the rebellion. There, he dethroned the Taiping Heavenly Kingdom’s teenage monarch and crushed the rebellion.

The following year, he was appointed Viceroy and Governor-General of Fujian and Zhejiang provinces and Commissioner of the Naval Industries. In this capacity, he created the Goochow Arsenal, China's first modern arsenal, shipyard and naval academy. Appointments to the offices of Viceroy and Governor-General of Shaanxi and Gansu provinces and Imperial Commissioner of the Army in Shaanxi would follow.

Zuo returned to the battlefield to suppress the Nien Rebellion in northern China, then marched west to defeat the Dungan Revolt. Later, he quashed an uprising of foreign Muslims led by Muhammad Yaqub Bek and negotiated an end to the Russian occupation of the western border city of Ili. Supposedly, he managed all these victories while also suffering through recurring bouts of malaria and dysentery.

For his service to the Empire, Zuo appointed a Grand Secretary and later a Marquessate. For his final promotion, he was appointed to the Grand Council, the cabinet of the Qing Empire. Zuo quickly tired of imperial politics and requested to be relieved of his position. He did return once more to the military when the Sino-French War broke out—he was commissioned as Commander-in-Chief and Imperial Commissioner of the Army and Inspector General. He oversaw coastal defense through the war and died shortly after a truce was reached, in 1885.

Zuo Zongtang (sometimes written as Zu? Z?ngtáng or Tso Tsung-t'ang) was one of the greatest military leaders of China’s long and storied history. He rose quickly through the ranks of the army, quelled rebellions, served with distinction in a civil war, founded a modern arsenal and dockyard, established new, efficient logistics systems within his armies, forced Russian forces from China, and went on to serve in several positions in the national government.

In the West, particularly the U.S. and Canada, we know him simply as General Tso, namesake of a Chinese takeout chicken dish.

Zuo was born in 1812 in Hsiangyin, Hunan, to a family of wealthy landowners.

His family’s money allowed him to pursue an extensive education; he was able to obtain a chu-jen ( “promoted scholar”), the second-highest academic degree awarded in the imperial civil service exams. He made three attempts to qualify for the highest degree, chin-shih (“ready for office”) and failed each time. He gave up hope for work in the imperial bureaucracy and returned to Hunan. There, he worked as a tutor for the family of a former governor general, got married, and pursued a variety of quiet interests. He farmed silkworms and tea, wrote a book on agriculture, read about the sciences, and studied politics. He referred to himself as “The Husbandman of the River Hsiang.”

In 1850, a civil war known as the Taiping Rebellion broke out between the forces of Hong Xiuquan and the governing Qing Dynasty. Xiuquan, a convert to Christianity who claimed to have received visions that revealed him as the son of God and the younger brother of Jesus Christ, had established Taiping Heavenly Kingdom and taken control of a large swath of southern China. He attempted to replace the country’s indigenous religions with his own form of Christianity and enact social reforms in line with his ideology.

Two years into the war, Zuo was hired as an advisor by the staff of the governor of Hunan and given full control over the province’s military. The peaceful silkworm farmer turned out to be a gifted and ruthless soldier, and earned comparisons to his contemporary, Union general William Tecumseh Sherman.

Zuo drove the Taiping rebels out of Hunan and then the neighboring Guangxi province, followed them into coastal Zhejiang (after his victory there, he was appointed governor of the province and an Undersecretary of War) then south into Fujian and Guangdong, the seat of the rebellion. There, he dethroned the Taiping Heavenly Kingdom’s teenage monarch and crushed the rebellion.

The following year, he was appointed Viceroy and Governor-General of Fujian and Zhejiang provinces and Commissioner of the Naval Industries. In this capacity, he created the Goochow Arsenal, China's first modern arsenal, shipyard and naval academy. Appointments to the offices of Viceroy and Governor-General of Shaanxi and Gansu provinces and Imperial Commissioner of the Army in Shaanxi would follow.

Zuo returned to the battlefield to suppress the Nien Rebellion in northern China, then marched west to defeat the Dungan Revolt. Later, he quashed an uprising of foreign Muslims led by Muhammad Yaqub Bek and negotiated an end to the Russian occupation of the western border city of Ili. Supposedly, he managed all these victories while also suffering through recurring bouts of malaria and dysentery.

For his service to the Empire, Zuo appointed a Grand Secretary and later a Marquessate. For his final promotion, he was appointed to the Grand Council, the cabinet of the Qing Empire. Zuo quickly tired of imperial politics and requested to be relieved of his position. He did return once more to the military when the Sino-French War broke out—he was commissioned as Commander-in-Chief and Imperial Commissioner of the Army and Inspector General. He oversaw coastal defense through the war and died shortly after a truce was reached, in 1885.
- Streit2ThePoint

And you wonder why R&D is up your ass 24/7.

Only twice during the entire Breaking Bad series does Jesse refer to Walt by his first name.

Every Muslim who has ever handled TNT, Nitro, Bullets, High Explosive Bombs, Rocket Launchers or been treated for cuts injury requiring stitches, or taken antibiotics, or Vitamin Capsules, has been contaminated with Pig Products.

The ironical part is that when a Suicide Bomber blows himself up his body parts are impregnated with Gelatine and Glycerine from the explosive. Both Gelatine and Glycerine are manufactured from Pigs worldwide.. Ergo, they will never be accepted by Allah.

Some makers of cigarettes use haemoglobin from pig's blood in their filters. Apparently this element works as a sort of 'artificial lung' in the cigarette so, they claim, 'harmful reactions take place before the chemicals reach the user', (enter the Pig.)

Pig bone gelatine is used to help transport gunpowder or cordite into the bullet. Insulin, the blood-thinning drug heparin and pig heart valves all vital. The complex workings of the global food and processing industry have ensured that it is impossible to avoid pig altogether.

Pig product goes into liquorice and many other products. In this process, collagen is taken from the pig and is then converted into gelatine. This finds its way into numerous foodstuffs, where it acts as a gelling agent.

A number of medicines also contain pig gelatine - everything from painkillers to multivitamins. Fatty acids extracted from the bone fat of pigs are used in shampoos and conditioners to give them their shiny, pearl-like appearance. These acids can also be found in a number of body lotions, foundations and anti-wrinkle creams. Glycerine made from pork fat is an ingredient in many types of toothpaste.

There is no legal obligation for manufacturers to specify whether the gelatine they use is from a pig or another animal. When it is specified, it is often confusingly referred to as Suilline gelatine.

So to all prospective Suicide Bombers, ISIS, jihadists and other radicalized Muslims, I say, “Have a Nice Day” from “Percy” the wonderful Pig.

Every Muslim who has ever handled TNT, Nitro, Bullets, High Explosive Bombs, Rocket Launchers or been treated for cuts injury requiring stitches, or taken antibiotics, or Vitamin Capsules, has been contaminated with Pig Products.

The ironical part is that when a Suicide Bomber blows himself up his body parts are impregnated with Gelatine and Glycerine from the explosive. Both Gelatine and Glycerine are manufactured from Pigs worldwide.. Ergo, they will never be accepted by Allah.

Some makers of cigarettes use haemoglobin from pig's blood in their filters. Apparently this element works as a sort of 'artificial lung' in the cigarette so, they claim, 'harmful reactions take place before the chemicals reach the user', (enter the Pig.)

Pig bone gelatine is used to help transport gunpowder or cordite into the bullet. Insulin, the blood-thinning drug heparin and pig heart valves all vital. The complex workings of the global food and processing industry have ensured that it is impossible to avoid pig altogether.

Pig product goes into liquorice and many other products. In this process, collagen is taken from the pig and is then converted into gelatine. This finds its way into numerous foodstuffs, where it acts as a gelling agent.

A number of medicines also contain pig gelatine - everything from painkillers to multivitamins. Fatty acids extracted from the bone fat of pigs are used in shampoos and conditioners to give them their shiny, pearl-like appearance. These acids can also be found in a number of body lotions, foundations and anti-wrinkle creams. Glycerine made from pork fat is an ingredient in many types of toothpaste.

There is no legal obligation for manufacturers to specify whether the gelatine they use is from a pig or another animal. When it is specified, it is often confusingly referred to as Suilline gelatine.

So to all prospective Suicide Bombers, ISIS, jihadists and other radicalized Muslims, I say, “Have a Nice Day” from “Percy” the wonderful Pig.
- D0PPELGANGER

lol

lol
- BINGO!

it actually is a word.

but he is that guy that would have it in one of his posts.