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GasBuddy News Article


Oil boom will eventually benefit all: Williams
Thursday, May 08, 2008
CBC News -- A cascade of oil-based revenues will, sooner or later, fall in all corners of Newfoundland and Labrador, the premier promises.

"You can't do it all at once," Danny Williams told CBC News. "The demands are enormous, but we're getting there."

Last week, Williams's government unveiled a budget that not only projected a surplus of $544 million, but also predicted that the province will no longer need equalization payments at some point during 2009.


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JT
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Message Posted: 5/8/2008 10:48:43 AM  Ignore JT Report Abuse
Thursday, May 08, 2008
CBC News -- A cascade of oil-based revenues will, sooner or later, fall in all corners of Newfoundland and Labrador, the premier promises.

"You can't do it all at once," Danny Williams told CBC News. "The demands are enormous, but we're getting there."

Last week, Williams's government unveiled a budget that not only projected a surplus of $544 million, but also predicted that the province will no longer need equalization payments at some point during 2009.

Visit CBC News for full article
REPLIES (newest first) Page:  First Prev [ 1 ] 2 3 4 Next Last
nojsts
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St. Louis

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Message Posted: 5/9/2008 11:55:24 AM  Ignore nojsts Report Abuse
The only winners are big oil and a few select others.
PNF
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Florida

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Message Posted: 5/9/2008 11:41:55 AM  Ignore PNF Report Abuse
Yes, everyone will make more money and the prices will be higher for things and then everyone will be right where they are now, with the same money in their pocket, if not less. Everything catches up.
Kolinaa
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Michigan

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Message Posted: 5/9/2008 11:12:55 AM  Ignore Kolinaa Report Abuse
All??????
esquared
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Oklahoma City

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Message Posted: 5/9/2008 11:07:37 AM  Ignore esquared Report Abuse
Hope they invest their "surplus" into roads & highways and other capital improvements accessible to drivers.
RC_RACER
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Tacoma

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Message Posted: 5/9/2008 11:05:39 AM  Ignore RC_RACER Report Abuse
all? like never and always. Very dangerous words. but go ahead and throw it out there, I'm sure it looks good to somebody!
boniface4jesus
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Gary

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Message Posted: 5/9/2008 11:03:07 AM  Ignore boniface4jesus Report Abuse
Sounteresting. Almost like the two provinces are not interested in spreading their oil wealth with the rest of at least Canada.
I could be, and probably am wrong though.
mailman79
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Atlanta

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Message Posted: 5/9/2008 10:56:57 AM  Ignore mailman79 Report Abuse
old news
Aserdaten
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Florida

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Message Posted: 5/9/2008 10:48:12 AM  Ignore Aserdaten Report Abuse
Not quite sure of what this news story is saying, but perchance it is primarily pertinent to Newfoundland & Labrador province. Comment by "Dancin" from Toronto might shed some light on the subject.
nd73
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Grand Rapids

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Message Posted: 5/9/2008 10:47:30 AM  Ignore nd73 Report Abuse
Wealth for all the citizens of a political entity that has drilled for oil in their own territory.

Do you think their standard of living has decreased because they drilled? Do you think the moose and caribou have become extinct because they drilled? Do you think they are dependent on their sworn enemies because they drilled?

Take a lesson, America!!

Drill in ANWR and off-shore, and wealth can be ours, too! Or at least reasonable gas prices.
courier400
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Kansas

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Message Posted: 5/9/2008 10:47:20 AM  Ignore courier400 Report Abuse
line up, take a number.
woos777
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Washington

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Message Posted: 5/9/2008 10:46:36 AM  Ignore woos777 Report Abuse
Sur it will, won't it?
Chitowner
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Omaha

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Message Posted: 5/9/2008 10:44:33 AM  Ignore Chitowner Report Abuse
yeah right
mikerock
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Scranton

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Message Posted: 5/9/2008 10:41:30 AM  Ignore mikerock Report Abuse
ALL?????
Dancin
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Toronto

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Message Posted: 5/9/2008 10:35:06 AM  Ignore Dancin Report Abuse
It will benefit those who have an investment. Apart from RRSP (401k) plans, there is little cash left over for investment in stocks. It's more likely used to get to and from work (which pays the bills, almost) and for food and for lighting/heating. After that, better find a second or third job.
ESHI
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Maine

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Message Posted: 5/9/2008 10:33:46 AM  Ignore ESHI Report Abuse
You better redefine the word ALL.
Gerund1
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Toronto

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Message Posted: 5/9/2008 10:33:04 AM  Ignore Gerund1 Report Abuse
Share the wealth Premier Williams.
CyanSquirrel
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Virginia

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Message Posted: 5/9/2008 10:32:01 AM  Ignore CyanSquirrel Report Abuse
Bah...gaining wealth by raping the earth (and other humans' pocketbooks =) is nothing to be salivating over.
LukeIN
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Indianapolis

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Message Posted: 5/9/2008 10:30:08 AM  Ignore LukeIN Report Abuse
I think this is a positive move on the goverments part!
w4kh
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Riverside

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Message Posted: 5/9/2008 10:28:37 AM  Ignore w4kh Report Abuse
Canada seems to have government that works for the people... we are stuck with "W" and DickieBoy and their Big Business buddies who have done their best to weaken the dollar, kill incentives, keep the price of oil high, and screw the little guy...
Brockvillian
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Ontario

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Message Posted: 5/9/2008 10:25:00 AM  Ignore Brockvillian Report Abuse
That good news for Newfoundland and Labrador they can really use it up there.
well2
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New Jersey

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Message Posted: 5/9/2008 10:23:30 AM  Ignore well2 Report Abuse
Silver lining.....!!!!!
CruisinLinda
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Tallahassee

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Message Posted: 5/9/2008 10:22:24 AM  Ignore CruisinLinda Report Abuse
The difference is that the U.S. with oilmen Bush and Cheney in the White House give the oil industry tax breaks, while Canada collects severence tax and other taxes.

Oh, yeah, and Canada isn't borrowing about $3 billion a week on unending occupations of two countries like our borrow-and-spend administration.

[Edited by: CruisinLinda at 5/9/2008 10:24:39 AM EST]
justpat
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Virginia Beach

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Message Posted: 5/9/2008 10:20:38 AM  Ignore justpat Report Abuse
How is it the oil companys are making all time money
McNasties
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Milwaukee

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Message Posted: 5/9/2008 10:19:28 AM  Ignore McNasties Report Abuse
Canada's economy is abooot to go into the toilet too.
Japsmith
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Tacoma

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Message Posted: 5/9/2008 10:17:57 AM  Ignore Japsmith Report Abuse
It does not seem to help us in the here and now paying record prices on fuel.
s6sputnik
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Austin

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Message Posted: 5/9/2008 10:14:40 AM  Ignore s6sputnik Report Abuse
But the rest suffer?????Nice!
8ballnd
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North Dakota

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Message Posted: 5/9/2008 10:06:31 AM  Ignore 8ballnd Report Abuse
Bush is close to going out of office so he is on top of the high price of oil. Hoping it goes up and up and laughing to the bank. Any body hear from vp cheney lately.
Chazzer
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Nevada

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Message Posted: 5/9/2008 10:03:56 AM  Ignore Chazzer Report Abuse
I wonder when?
stevewwvu
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West Virginia

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Message Posted: 5/9/2008 10:03:35 AM  Ignore stevewwvu Report Abuse
yeah they lie to make it seem good
tomok
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Portland

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Message Posted: 5/9/2008 10:03:19 AM  Ignore tomok Report Abuse
OK but be sure to save for a rainy day..........
rjoeh
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Michigan

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Message Posted: 5/9/2008 10:02:36 AM  Ignore rjoeh Report Abuse
sounds like one governmental body is taking the current economic status to heart and doing something positive about it. Good for them
kanmandoo
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Detroit

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Message Posted: 5/9/2008 9:58:59 AM  Ignore kanmandoo Report Abuse
All who own stock.
PurplePuppy
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Florida

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Message Posted: 5/9/2008 9:56:59 AM  Ignore PurplePuppy Report Abuse
Pigs feed, HOGS GET SLAUGHTERED
tobasco
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Los Angeles

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Message Posted: 5/9/2008 9:53:54 AM  Ignore tobasco Report Abuse
Remember this story when the market crashes. Every boom has a bust. Five years ago, real estate was going to make everyone rich and the government was loving the taxes. Now, California is facing a $20 billion deficit because Sacramento cannot control spending.
gasie1
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Maine

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Message Posted: 5/9/2008 9:53:12 AM  Ignore gasie1 Report Abuse
This item should be mandatory reading for all members of congress. They will learn how to govern.
CdnGlassLady
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Ontario

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Message Posted: 5/9/2008 9:52:23 AM  Ignore CdnGlassLady Report Abuse
You mean the province that has always needed all of those special programs and tax incentives might not .............. wowsers .......... but will they start to share with the rest of Canada or will they be like Alberta
waive the provincial tax, give a rebate to everyone living in that province then turn around and ask for federal tax dollars to assist with the mad cow disaster and fallout thereof
spunky4443
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Washington

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Message Posted: 5/9/2008 9:50:59 AM  Ignore spunky4443 Report Abuse
Alaska has so much Oil, that they don't know what to do with it, our People in Power, is what's hurting us.
Mooseman1
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Manitoba

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Message Posted: 5/9/2008 9:50:08 AM  Ignore Mooseman1 Report Abuse
Excellent for Newfoundland, from rags to riches in a very short period of time. It's time they finally got a bigger piece for the pie! How the tables have turned, maybe Ontario will need equalization payments instead of Newfoundland. Imagine that...

gasman50
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Portland

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Message Posted: 5/9/2008 9:49:22 AM  Ignore gasman50 Report Abuse
Time will tell
trzeciak
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Dayton

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Message Posted: 5/9/2008 9:45:57 AM  Ignore trzeciak Report Abuse
Great.
BlueBike
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San Jose

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Message Posted: 5/9/2008 9:45:51 AM  Ignore BlueBike Report Abuse
We all knew that oil was not forever and very little has been done.
doulosx
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Columbus

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Message Posted: 5/9/2008 9:45:32 AM  Ignore doulosx Report Abuse
At least someone is allowed to drill. The idiots in our congress who don't have to pay for gas (or car payments for their luxury cars; we pick up the tab) keep refusing to allow our oil companies to drill for our own oil. All you liberals who keep putting these idiots in office have no right to complain about the price of gasoline.
frede2
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Texas

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Message Posted: 5/9/2008 9:45:01 AM  Ignore frede2 Report Abuse
Apparently we were all worrying for nothing. I feel so much better now.
RochBear
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Minnesota

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Message Posted: 5/9/2008 9:40:24 AM  Ignore RochBear Report Abuse
And what happens when the oil wells run dry? They have spent every penny they took in. What happens then? You can't live of the Gov't coffers, without bankrupting it.
scrounger
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Vancouver

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Message Posted: 5/9/2008 9:37:49 AM  Ignore scrounger Report Abuse
bout time they stopped sucking off the rest of the country
brogan56
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Colorado Springs

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Message Posted: 5/9/2008 9:37:39 AM  Ignore brogan56 Report Abuse
The only boom here is when the economy falls down and goes boom.
Howmuchtofillit
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Trenton

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Message Posted: 5/9/2008 9:37:24 AM  Ignore Howmuchtofillit Report Abuse
Yea, I can't wait. I will be out of work because I cannot afford to drive to my job and I will be hungry because food prices will triple and I will be living on the street because I will lose my house due to the increase of every tax. State, township, and fed.
amearly
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Michigan

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Message Posted: 5/9/2008 9:36:45 AM  Ignore amearly Report Abuse
This is only for those who has money to invest.
Magnum0829
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Jackson

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Message Posted: 5/9/2008 9:31:28 AM  Ignore Magnum0829 Report Abuse
We're saved!
BoerneWatch
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San Antonio

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Message Posted: 5/9/2008 9:29:01 AM  Ignore BoerneWatch Report Abuse
That is great news for them. But did anyone read this paragraph:

"n recent days, news reports have detailed how various people — seniors needing home care, others requiring medical services, such as portable oxygen tanks — have been turned down for public aid, and found no help in the blockbuster budget."

I thought socialized medicine was "better" than our system of healthcare.

Are they rationing healthcare?

Why call it "public aid" when it is an entitlement?
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