I also believe that because we are the best energy market in the world, energy companies should be forced to pay a larger premium per unit volume of energy (be the product liquid or gaseous petroleum) than they are currently paying. Canada does not operate a national energy company like many other petroleum rich states such as Norway; therefore, energy companies should pay a larger royalty per barrel to compensate the Canadian people. The Canadian peoples strong belief in capitalism has protected the energy companies from a nationalize energy supply; but, this does not mean that we should be excluded from the benefits of our riches. I am firm believer that Canada should not be competing with other nations on royalty schemes for the above mentioned reasons.

Increased revenues from the royalties could be divided in two. One half would be used for R&D and stimulus for clean energy projects to help reduce the impact of “dirty oil” exploitation (carbon sequestration, low interest loans for economically feasible clean energy projects, etc.) and the other half could be used to create a sovereign wealth fund similar to Norway. Properly invested, a sovereign wealth fund could convert a depleting resource into a “renewable resource” of sorts (you only spend the interest of the investment and do not touch the principle).

But, it is unfortunate that the political parties have not agreed (on a non-partisan nature) to an informal scheduled retirement of the National Debt. Even if the huge sum of $10 billion was applied against it annually, it would take three generations to pay off the sucker. This is an unacceptable and unconscionable burden to place on our children, grandchildren & great-grandchildren.

It could be worse: Americans are on track to build up a $60 Trillion Nat’l Debt over the next 30 years!

As mentioned by Mr. Clark during the presentation there’s only two things that can be done to deal with a deficit: cut spending or increase taxes. Without acknowledging both options the poll loses focus.

Also, when will this video be available online here?

I would like to add my thoughts:
1) Although the debt/deficit has been worse in past years, I believe it is important for the government to tackle and reduce debt, with the goal to get in the surplus position the previous liberal government left Canada in.
2) The present government position, as expressed by it’s finance minister appears to be a hide your head in the sand attitude. As well, it is a dishonest position being taken re the countries financial situation.
3) The number one idea coming from this presentation for me is that open and honest dialog is needed across the land to arrive at the correct solutions to the debt/deficit; and then to implement the solutions.
4) I believe the federal, and provincial, governments indeed need to be part of the solution; and if presented properly, Canadians are prepared to pay for the services we need and desire; like health care, improved education possibilities, child care, funding of OAP and CPP, the arts, sports, culture, etc. If increased taxes is the route that must be taken, then Canadians will pay, provided they can be confident the money is well spent. We all too often hear about waste, rather than smart spending.
Thanks.
Jim