27 Replies to “Fracking….What’s it Good for?”

  2. So does this mean Saskatchewan has to provide more money to the Have Not Provinces Transfer Program so that fear of Fraking New Brunswick can get a bigger grip on the Canadianj Public Teat?
    And should Saskatchewan ban New Brunswick taxpayers from working their to protect their delicate sensibilities about Fraking?
    Just asking.

  3. This is indeed good news. Sadly however, there are still too many voters who couldn’t care less about credit ratings or debt repayment or sound fiscal management. It’s all about how much free stuff can I get. That’s why the NDP still manage to cling to a few seats here in Sask.

  4. Congratulations Saskers! Well done!
    The answers to Fred’s questions are, regrettably, “yes” and “of course.”
    NFs are no better. Bedazzled by promises of a hockey team (which were honoured;
    but which the province can’t afford) NF voted for a competent provincial government.
    So the NFs are salivating waiting for the next election to throw the competent people
    out, and bring in a government which is more aligned with NF “hopes, aspirations,
    and expectations”, i.e. who will borrow to the hilt and provide all sorts of perks.
    Every NF would like a government job; maybe that could be realised? For a little
    while?

  5. Kudos to my friends & relatives in Saskatchewan! The new economy of Saskatchewan is the antithesis of the Socialist Pipedream that Leftists everywhere seem to espouse. They’re drowning in debt and you’re succeeding. Congratulations!!!

  6. There’s no reason Sask should even need credit. If you can’t live within your means, credit isn’t going to help. Obviously.

  8. No kidding. Any financial operation, large or small, needs a line of credit to cover over the time difference between revenue collection and paying bills. In fact now, when credit is so cheap, the Sask gov’t could be rightly accused of fiscal mismanagment for not using short term credit if the alternative was drawing down capital reserves.

  9. Sad case is New Brunswick, like the other Maritime Provinces will continue on with all their young who have the ambition to do so, leaving for better jobs. Many only returning for vacations to see if the old home has got it together yet.
    Just returned from 6 weeks in the Maritimes and the Fort McMurray money is so obvious it hurts. Putting the price of real estate out of reach for the slackers or hangers-on.

  11. In an ideal world you wouldn’t care about your credit rating because you would never need to borrow money…..

  12. Well then, now might be a good time for the “Right Wing” government of Saskatchewan to adopt Generally Approved Accounting Principles, to report to the taxpayers on the actual financial status of the Province, as the last THREE Provincial auditors have recommended!

  13. I believe a few of the problems could be solved if the equalisation payments stopped. Would Nova Scotia have committed economic suicide if it didn’t get any money from wealthier provinces? Would Gallant have wormed his way in New Brunswick?
    Cut off the money and then watch these places deal.

  16. I remember how many years of NDP it took to make Saskatchewan realise it had better try something else, (i.e. this government.)

  18. Hearty Congratulations to Sask!!
    In other news, Manitoba’s Dippers are celebrating 15 years of fracking the province over…(no pun intended)
    As we sit and watch enviously to the west…

  19. What cgh and Osumashi said. Almost every business needs to have an operating loan or a line of credit at some during the life of the business.
    Good for Premier Wall and good for Saskatchewan.
    At least one premier is using proper accounting in the management of the province.

  20. Almost every business needs to have an operating loan or a line of credit at some during the life of the business.
    Gov’t is not a business. Gov’t consumes wealth. No production of wealth, none.
    Gov’t has the power to tax, only incompetence prevents appropriate taxation to cover expenditures.
    So, why should gov’t consume even more wealth by borrowing and paying interest?
    Still lots of ccf thinking in Sask, and exactly why Sask will never amount to anything…and always have crappy roads.

  21. I agree, cut off Equalization and New Brunswick is the most recent example of why it should be done. Refusing to develop their resources for bogus reasons as Gallant did and get elected, it’s blatantly obvious they’re happy to take money from those who do, it’s called “culture of dependency”.
    BTW Trudeau of Just Causes supported Gallant, stumped for him, he approved his message and now the Media Party is bragging this is a good thing for Trudeau and his Liberals as we approach the next Federal election. At this point the Liberals have Ontario, the Atlantic and are working on Quebec have-nots who rely on the West to keep take up the slack in their droopy drawers, they deserve each other. Meanwhile the West is keeping the bottom line solid for the entire country.
    Let’s go Conservatives, start talking, people can’t be that stupid forever.

  22. Without an oil and gas industry Canada would be just another starving socialist Northern European type backwater. The oil and gas industry drives the economy and supplies the cash for those idyllic retreats from reality ports of call in the Maritimes. By the way, the above statement is bullying according to the clowns that fill the posting boards of our Ontario based media.

  23. If as you suggest, Turdeau has Ontario and the Maratimes, then the CPC is done. Quebec will jump on the band wagon and things will get back to normal in Canada.
    I have no idea who is running the CPC party but it appears to me they are doing a good job of alienating supporters. Other than bragging about how much money they can raise they do little about informing members. I suspect my MP is in trouble and this riding as been Reform/CPC since the ’90’s.

  24. It’s not looking too good for the Conservatives right now, neither is it looking too good for the intelligence of the average Canadian voter. Too many can’t see beyond their own front porch, are sucked in by the Media who are the unofficial but obvious Liberal blow bags. Justin is protected, Harper is neglected, they ignore any good news when Harper is involved. Now they’re going to make hay with Puffy Duffy’s trial, equating it with Adscam that brought down the Liberals.
    We are in danger if the Liberals gain power with a flake for PM, we could lose on several fronts including our safety and our economy. The Oilsands,the Pipeline, fracking are all bad according to the Liberals. Justin thinks we need to look at root causes when dealing with people who would kill us. How would he go about that and fix the matter? He has no clue.
    The Conservatives need to go into the Atlantic provinces and Quebec and explain the facts to small groups at a time, don’t assume anything regarding changing people’s opinions, in politics you never stop trying.

  25. Also, Ontario is not looking so good, those who live here are rapidly finding out it’s costing them more and more for less and less in health care and general cost of living. Taxes are over the roof and they’re adding more along with legislating us into straight jackets, they know what’s best for us. Latest is they’re contemplating registering people who smoke.
    However, when the worst government in the history of the province, perhaps the worst anywhere in the country can get majority there’s obviously a lot of people with no brains or who have a death wish for where they live.

  26. Manitoba probably has a higher percentage of wells that have been fracked than Saskatchewan or Alberta. Unfortunately the potential resource is only a fraction of what it is further west.
    Many things, not just the extra weight of a socialist government have prevented Manitoba from benefiting from the fracking boom, the Manitoba Government has actually encouraged drilling about as much as Saskatchewan or Alberta, unlike Saskatchewan under the expropriative Blakeney Government (the reddest version of the NDP ever, for those readers too young to have endured those heady days).
    The endowment of hydrocarbons is smaller; Manitoba’s portion of the Williston Basin is at the thin, shallow edge, which has still given it an amazingly dense resource including a couple of giant oil fields. Because it is shallow, pressures are lower, resulting in lower production rates.
    The fact that Manitoba was settled earlier also means that a much higher percentage of the mineral rights are freehold rather than owned by the Crown, resulting in a smaller take for the government.
    The recent choices made in Nova Scotia and New Brunswick to refuse fracking is very disappointing. One suggestion Mr Wall could make at upcoming premier’s meetings is that deliberately unexploited resources be evaluated and subtracted from equalization payments (if they must continue), something like the demand for compensatory royalties on undrilled land adjacent to productive land.
    I am happy that Saskatchewan has prospered recently, and hope that our government can help the economy continue to grow, but we have to remember that all our resources put us on third base to start with, but the NDP hobbled us and just didn’t know which way to run. Finally, we have a government that has allowed people to help themselves, but which has unconsciously benefited from an amazing juxtaposition of commodity demand and technology (Mr Wall, you didn’t build that, you just unlocked the door, and I thank you for that).

  27. Sorry in an ideal world, you WOULD absolutely use, and need, credit. Money is just a way to move the value of goods and services around cheaply and efficiently. Credit is how you move money effectively through time. A world without credit would look a lot like a world without money. Structural inefficiencies as a permanent feature of life. You would have very little in the way of effective medical care without credit, for example.

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