Wednesday, September 26, 2007

Link Byfield appears on Dave Rutherford to discuss royalties

Link Byfield appeared on the Dave Rutherford show on September 25, 2007, in order to provide the Wildrose Party's spin on the Alberta Royalty Review Panel's final report.

At the beginning of the show, Rutherford indicates that Link Byfield seems to be "siding with the industry". I don't think anyone would quarrel with that assessment.

But hey, oil companies need political representation too.

Click to listen:

Dave Rutherford interviews Link Byfield - Sep 24, 2007

By the way, the retail price of gasoline in Alberta has gone up over 100% in the last 6 years. This represents an average annual inflationary increase of over 16% per year. U.S. Presidential candidate Ron Paul refers to inflation as "the inflation tax". It is just like a tax, except that it is levied on citizens by the private sector. Such massive increases in the inflation tax reduce the real value of the population's wages and savings.

The truth of the matter is that both government and industry have benefited massively from Alberta's royalty regime and inflation tax. The average Albertan gets screwed in the process, but this rather obvious point never seems to cross Link's mind.

He certainly doesn't take the time to mention it.