The Minister of Finance for Quebec issued his economic and financial update on March 28,2013. He says there is basically no problem because a loss of tax and royalty revenue is offset by increases in equalization.
A recent study lays the blame for the lack of success of shale gas in Quebec at industry's home page. A Canadian Press article more or less agrees.
You may have heard about Petrolia having troubles drilling their well in the Gaspe due to special new rules made by the municipality.
It shouldn't be a surprise that a municipality decided to make its own rules. The Government of Quebec won't tell anyone how it works or what the benefits are. It's like a national secret kept securely in the vaults of the BAPE.
The decision of the past Government of Quebec to reverse course and order a BAPE review was a financial disaster for Questerre and others. Having lost much of our stock value due to well delays, we lost most of the balance, when the BAPE stunned us with its recommendations.
Farmers are good stewards of the land and portraying them like cartoons in Hollywood films without evidence is not respectful.
My New Year's resolution is to focus on the alternative to confrontation. Wonder if there are 10 things we may be able to agree on next year. This is my 2013 straw man list.
I went to Toronto, New York, London and especially Oslo to explain the resource potential of Quebec. I told all who would listen how Quebec had worked for over a generation to become energy independent. I told them Questerre had an idea for natural gas that could help Quebec achieve its energy independence dreams. I was successful and convinced them to take the high risks involved and we were successful in finding one of the largest natural gas fields in North America.