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Recent comments

  • Pierre Neary
    January 09, 2013 - 15:55

    The Hebron Deal was in my opinion was Mr. William's best move as our Premier. There wasn't to much smoke and mirrors and in the end it was a good deal for the province. MF remains to be seen. Two totally different deals.

  • Cold Future
    January 09, 2013 - 12:15

    There is little to compare between Hebron and Muskrat.At Hebron we are only taking 4.9% of the risk. So there is a very strong incentive for the prvate partners with 95 % of the risk to make it a success which will add to the NL coffers. Muskrat on the other hand puts 100% of the risk and cost directly on to the backs of the ratepayers. Hebron will have a pay back of about 5 to 8 times the expenditures over its life from money earned from selling the products.Muskrat on the other hand has no pay back since its product has to be sold at discounted rates on the mainland. These rates will be subsidized by the ratepayers locally.The good thing about Hebron is that the profit and royalties will allow the government to provide subsidies to the NL ratepayers who will not be able to heat their homes because the increased rates which will be required to pay down the debt for Muskrat.

  • concerned
    January 09, 2013 - 07:22

    The Muskrat Falls investment, the Hebron investment, the White Rose investment and the Hibernia South investment of cash is all happening now. Meanwhile the royalties from Hebron will be deferred, and other royalities diminishing. The return on investment is one factor (Hebron may be a good investment) but cash flow is another far more important one. When the idea of Nalcor was launched oil traded at 150 $/barrel, Muskrat cost 5 Billion, and Hebron 8. Project costs have soared, while the price of oil dropped 30%. This is the perfect storm for extremely large deficits. We are about to pay for our 5 years of government lagresse. The basic question is what is the provinces rate of return on these oil investments?

  • Maurice E. Adams
    January 09, 2013 - 07:10

    And Muskrat Madness continues.