Is Oil sands consolidation a threat to Alberta Democracy? – AB Pol Econ:

For every dollar above this US$70 per barrel estimate, an additional $500 million in oil royalties will flow to the government. At US$100 a barrel, an additional $9 billion in bitumen royalties would be paid, but with oil prices averaging US$116 since April 1, an additional $23 billion in oil and gas royalties could roll in.

Using this conservative oil price forecast, Alberta’s budget estimated its total revenue will be $52 billion. In reality, its revenue will likely be much higher.

The Big Four contribute about 20 per cent of Alberta’s total revenue. At US$100 per barrel, the Big Four contribute about 30 per cent of the province’s revenue and, at US$116 per barrel, the contribution exceeds 30 per cent. This gives these companies an enormous amount of control over Alberta’s finances and, by extension, politics.

Is Oil sands consolidation a threat to Alberta Democracy? – AB Pol Econ: For every dollar above this US$70 per barrel estimate, an additional $500 million in oil royalties will flow to the government. At US$100 a barrel, an additional $9 billion in bitumen royalties would be paid, but with oil prices averaging US$116 since April 1, an additional $23 billion in oil and gas royalties could roll in.Using this conservative oil price forecast, Alberta’s budget estimated its total revenue will be $52 billion. In reality, its revenue will likely be much higher.The Big Four contribute about 20 per cent of Alberta’s total revenue. At US$100 per barrel, the Big Four contribute about 30 per cent of the province’s revenue and, at US$116 per barrel, the contribution exceeds 30 per cent. This gives these companies an enormous amount of control over Alberta’s finances and, by extension, politics.Read More