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Alberta vs Norway: Comparison of petroleum royalties (to 2012)
- 1. 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Royalties paid by Alberta's oil and gas industry as % of value of petroleum product sales Source: Canadian Association of Petroleum Producers, Statistical Handbook 2012 33.1% (Lougheed) 4.3% (Redford)
- 2. - 0.0% 5.0% 10.0% 15.0% 20.0% 60,000.0 25.0% 30.0% 35.0% 40.0% 45.0% 120,000.0 50.0% 20,000.0 40,000.0 80,000.0 100,000.0 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Alberta petroleum production value ($billions) Source: Canadian Association of Petroleum Producers, Statistical Handbook, 2012 Alberta's Returns on Petroleum Wealth Value of Alberta's Petroleum Production Royalties as % of Sale
- 3. Source: Norwegian Petroleum Directorate/Ministry of Petroleum and Energy; Norwegian Public Account 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Norway Government Petroleum revenues as % of export values 72.4%
- 4. Alberta vs. Norway: Royalty Payments to Government as % of Total Value of Oil and Gas Production, 1976-2012 Source: Canadian Association of Petroleum Producers Statistical Handbook (2012) Norwegian Petroleum Directorate/Ministry of Petroleum and Energy; Norwegian Public Account 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Norway Government Petroleum revenues as % of export values Alberta Government petroleum revenues as % of value of petroleum sales 72.4% 4.3% (Redford)
- 5. What if? All Alberta royalties collected at 33% of the value of oil and gas sales had been invested @5% in a fund Alberta would now have over $865 billion in the Heritage Savings Fund Norway currently has saved over US$783 billion in their Government Pension Fund Source: Derived from royalties and oil and gas sales statistics from the Canadian Association of Petroleum Producers Statistical Handbook (2012) 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012