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Message: Re: The industry wishes to lower the royalties down to 2%

I read this last night, thanks for posting it though!

I think it being that low is unreasonable to the gov't of Quebec and the people...but, I also think that royalties need to fluctuate with the price of gas and depending on the hedging of companies. It doesn't make sense for a royalty to be 15% when gas prices are low and doesn't make sense if royalties are 5% when gas prices are $8.

I do however believe that there should be low royalties in the first few years as incentive for the drillings that are investing billions.

Thoughts?

Rocco


Nov 19, 2010 10:51PM

Nov 20, 2010 09:41AM
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Nov 20, 2010 01:45PM
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