this post was submitted on 08 May 2025
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Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we've taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.
Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.
https://www.businessinsider.com/kenneth-rogoff-carmen-reinhart-sovereign-debt-2010-8
Haha...hahahahahha...hahahha efficient. Buddy I work in oil and gas, it's not efficient.
Its worker productivity and margins, oil and gas is very efficient relative to manufacturing or farming. Look at transfer payments.
I can assure you it makes a fuck tonne of money that is squandered on process. I've worked for the feds and I always hear the "government efficiency" jokes from my coworkers. I always make a point to tell them how much faster the government processes were at finalizing similar initatives compared to anything I've seen in industry. They usually don't believe me but it's true. This is at 1 engineering firm, 1 survey firm and various midstream / upstream operators. Calgary thinks its gods gift to productivity but they exist in a bubble when compared to the competitive nature of Ontario firms for other induatries, especially when you compare technology utilization.