Alberta's PC's changed the royalties

So, Premier Ed & Co. changed the royalties to what they were in the pre-Ed era.

Interesting item in the Calgary Herald today addressed the issue by informing us that as many as 8,000 new jobs could be created by doing so, while foregoing some $380M in royalties.

8,000 jobs is a lot of jobs and therefore a good goal.

I wonder how many jobs would be created in Alberta if its fiscal regime was made even more competitive. What if royalties were foregone altogether? How many jobs would be created if there were no royalties?

How many jobs would be created if the petroleum industry was actually paid say $10 per barrel of oil equivalent as a negative royalty to exploit those reserves?

What if petroleum producer employees paid no provincial income tax, how many jobs then?

Corollary to that, how much of other people's money could the current owners of production companies attract to both sell off some or all of their current ownership and to finance the expansion of the industry?

How much would the federal government's equalization payment liability to Alberta be then? The province would then be a have-not-province and surely be eligible for substantial equalization payments.

Just wondering.
Mike