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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 11, 1974, Lethbridge, Alberta ALBERTANS ARE UNDER i THE SIGNIFICANCE OF OIL TO YOU It has been stated publicly by Government that one third of the labour force in Alberta is directly employed by the petroleum industry and its it is probable that another third is indirectly involved. for the many insurance civil barbers and drivers who are here because the oil industry employs so many itself. This applies particularly to Edmonton and Calgary. Now extend these figures to include the dependents of these workers and YOU MUST CONCLUDE THAT A VERY SIGNIFICANT PROPORTION OF THE PEOPLE IN THIS PROVINCE HAVE A VITAL INTEREST IN THE PETROLEUM INDUSTRY. THIS PROBABLY MEANS 2 INVESTMENT AND EMPLOYMENT The major gas and pipeline companies employ a great many people in Alberta. They carry out most of the exploration in Canada in terms of and the payrolls are impressive indeed. The small companies carry out most of the exploration in terms of wildcat wells drilled. Even though their names are not well the must not be collectively they employ a lot of people. Consider too the cartograph- suppliers and service companies involved in getting oil out of the ground and off to market. Their success is directly related to exploration and development activity carried out by their customers. If exploration were to the effect will be felt eventual- ly throughout the entire industry in the form of transfers and perhaps liquidations in some instances. EXPLORATION IS RISKY AND EXPENSIVE. THERE IS NO POINT IN PUTTING MONEY INTO VENTURES IF THE REWARDS ARE TO BE LOST TO GOVERNMENTS AS IS THE CASE TODAY. IP THERE IS NO INVESTMENT THERE WILL BE NO EMPLOYMENT. 1 ...AND GOVERNMENTS The petroleum industry has been attacked by both the federal and provincial governments. Consider the following and what they mean to 1. The Federal Government imposed export taxes on all oil exported from Canada so as to benefit from the world prices prevailing but did not want your employers to do so. 2. The provincial governments wanted a piece of the action and increased royalties accordingly. 3. Not content with that rip-off the Liberals have promised to implement their proposed budget if they are re-elected on July 8th. Under that set-up the companies will not be able to deduct money paid to the provinces as royalties from federal income taxes. If this occurs the industry will be badly injured. 4. David Lewis and his party are promising worse such as the end to depletion ceilings on profits and an invitation to leave for those who don't like it. 5. The while less insistant on have not stated their policy on oil clearly. There is too much latitude in their platform on this matter and one suspects that this is designed to buy votes in the East. And to compound the chaos caused by nonsense notions such as fall our governments have fallen as thieves are prone to do to fighting among them- selves over oil. Between the they have seized the lion's share of the profits the same way the lion did III In these clrcumatances companies cannot carry out exploration pro- grams. If the circumstances continue there will be little employment In Western Canada for oil company employees. This will mean a lower standard of living for those that stay. I will mean upheaval for those that follow the rigs. Is that what we A Fifty-one oil companies are reported to have opened offices in Colo- since the oil royalties were increas- ed by and B.C. The are composed of both wholly owned Canadian companies and Ameri- can companies with offices in Canada. More are reported to be leaving. A study of seismic crews reveals that 23 crews have moved from Canada since November seven crews were ne- gotiating contracts in the U.S. and two have since six instrument with- out have left Canada. oil industry is being buffeted from all sides not because we failed but because we did too good a not be- cause we received too many conces- sions but because we overcame all those obstacles and made it look too not because we have been irresponsible but because we have been constructive corporate John Oilman all the rumored and whis- pered the most outrageous one blames the energy crisis on its fore- most the oil Ayn Novelist-Philosopher ADPR THE ASSOCIATION TO DEFEND PROPERTY RIGHTS ADPR upholds the right of every person to to to to dispose of the material values he or she has produced or acquired in voluntary trade. THE ASSOCIATION TO DEFEND ADPR PROPERTY RIGHTS BOX 7456 STN E ALBERTA I request more Information 4 WHAT IS REALLY AT The Association to Defend Property Rights maintains that gov- ernments have no right to interfere in the oil and gas or in any industry for that matter. Such meddling is immoral since it violates the property rights of those who are legitimately entitled to the oil in question and the profits they derive from it. Oil rightfully belongs to the men and women who invest their time and effort to bring oil out of the ground and market it in its many forms. It is their property. Government meddling in your business is not only immoral but also impractical. is impractical because men do not work as well under compulsion as they do when free. Compulsion comes in the myriad and royalties which burden the oilman today. Imagine for a moment having to depend on the people who brought you the Post Office to bring you oil and gas. Remember that it is not your employer who is threatening your it's your governments that are doing it. If Mr. Turner's budget is and if the Provincial Governments do not give it will be impossible for your company to produce. The free enterprise system has been proven to be the most efficient means of satisfying the needs and desires of consumers. It is worth defending for that reason alone. But free enterprise is founded on the concept of individual which include property rights. And property rights are essential to the exercise of all other rights. if you are to defend your you will defend your employers. If you are to defend your you must defend free and if you are to defend you must defend the concept of individual rights. To defend those you must defend property rights yours and theirs. 5 WHAT CAN YOU To defend your rights and jobs you must fight You must fight in public. Defend your industry as vigorously as you are The oilmen in this country deserve your support and so far it hasn't been what it could and should be. Some to politicians of all parties at all levels of government and express your letters to your local in open line to your MP. Call him petitions expressing your point of your employer in the oil know that you support him. It's out as much about the situation as you develop your and then go to The meddling must stop. This will be possible only if you and others vigorously defend your your property and your industry against further intrusions. WHY IS THIS AD ADPR is an organization to defend the rights of the individual and the free enterprise system in a Capitalism. We are not defending the oilmen because of some misplaced sense of we are doing it for ourselves. Most of us don't even work for them. But we do acknowledge that energy and employment is vitally important for our standard of living and well-being. We do not trust governments to provide these things for but we are convinced that an unfettered economy is best suited to perform these important tasks. That is why we are defending the.industries now under attack. We hope that you will join with us. 266-6388 ;