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Message Subject Alberta economy is about to nosedive...
Poster Handle Anonymous Coward
Post Content
The price of Alberta oil has COLLAPSED over the last few months!

I repeat... the price of Alberta oil has collapsed over the last few months.

Australia has discovered a HUGE new oilfield. It's funny that the price of Alberta oil collapsed right around the same time that Australia announced the finding of that HUGE new oilfield. Where do you think China will get their oil from now? Hmmm? Canada or Australia? Where will they get it cheaper? Which country is closer to China?
 Quoting: ººEATºº


Pretty sad when Alberta cannot balance its budget if oil is below $95.00 a barrel.
 Quoting: Anonymous Coward 13014207


The problem is that Alberta is getting something like $50 or $60 per barrel of Alberta oil when West Texas prices are $90...
 Quoting: ººEATºº


This is true, however our government budgets are based on $95.00/barrel. I hope your ready for more taxes and dare I say P.S.T. ???
 
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