Here’s an interesting article in yesterday’s Globe and Mail speaking about a study that found Canada was bucking an international trend to increase taxes and royalties on oil production leading to greater government revenues.  According to the study, Canada is the only country where our take on oil production has actually decreased.  Many other countries are looking to nationalize certain portions of oil production in an effort to gain more value for the citizens that own the resource.

I’ve heard the Parkland Institute speak about this receently as well.  They point out that Alberta has the highest degree of foreign ownership of any major oil producer in the world: http://www.ualberta.ca/~parkland/research/studies/Spoils%20of%20the%20Boom%20report.pdf.

Access the Globe article here: Oil Rises, Canada’s Take Doesn’t and send me your thoughts on what should be done in light of the current royalty revue happening in the province.