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.

After ten years of industry exploration and hundreds of millions of dollars of investment the Government is for a third time changing the rules of the game and ripping up their written contractual promises. Legislation is to be presented by Quebec's minority Government to add drilling to the existing moratorium on fracking. This even though no one would ask to drill a well if they couldn't frack it.

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.

According to an old Dutch friend of mine, there is a Dutch saying that goes "what you say is what's in your heart". Basically it means what you say about other people can be a sign of what you yourself believe and how you behave. For example an unfounded accusation of duplicity could actually be the sign of a duplicitous nature.