five graphs comparing the royalty income of Alberta (Canada) and Norway

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