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Aug
31

They blame the lack of pipelines

In reality it has more to do with low royalty rates and give-aways to the investors who hold shares in the major oil companies at the expense of the people of Alberta. Look to Norway for an example of how it should have been done.

The surprising deficit forecast shows Alberta has been too optimistic about resource revenue as the province fails to capture the full benefit of strong global oil demand.

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Alberta deficit set to triple on slumping oil prices
As critics slam Premier's optimistic budget, Finance Minister Doug Horner blames volatile financial markets and lower resource revenues

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