Looks like Trumps reducing corporate tax bill and regulations/red tape is having an effect in the oil industry
According to Bloomberg, capital spending on oil drilling is expanding in the USA while Canada lags behind
Some Canadian oil companies are allocating much more spending in the USA due to red tape expenses
Some have said reducing taxes on corporations was a gift to the rich
This oil thing proves that theory wrong
When corporations are free to spend capital, the jobs will follow
We need to wake up and make some changes in Canada
I suppose if the oil stays there in Canada we can always come back later once we throw Trudeau out of office
Some corporations were quoted as saying they are spending 90% on USA oil development and 10% in Canada
Socialism
UGH
" Some have said reducing taxes on corporations was a gift to the rich
This oil thing proves that theory wrong
When corporations are free to spend capital, the jobs will follow "
If the intent was to increase capital spending and not to enrich the rich, then they should have given a tax CREDIT for capital spending instead. Much of the money went into stock buy-backs , which reduces the number of outstanding shares and increases the value of the shares.