Alberta has run nearly uninterrupted deficits since 2008/09.
The oil price and volume of production drive the Alberta and Saskatchewan crude oil royalty formulas.
The expansion of the Trans Mountain pipeline will add an additional 590 thousand barrels per day of capacity.
Trying to stimulate other sectors of the economy so their increased output will balance off the loss in energy will simply build in future problems of maladjustment in these industries.
The University of Calgary’s School of Public Policy has put out an important report that sheds light on an under-discussed dimension of Canada’s energy export challenge: the time factor.
Given Canadas proximity to the United States, we tend to take our peace and security for granted.
This comfortable distance from most of the worlds violence has also led us to underestimate how useful Canada might be in defusing threats elsewhere using an item some people overlook as leverage: energy.
Discussions surrounding the need for new pipelines to transport Canada's oil to market have been a dominant economic, environmental, and political issue for the past several years. Canadas overwhelming reliance on the United States as a customer, the U.S.s growing energy self-sufficiency, and limited pipeline infrastructure have placed a low ceiling on the prices Canadians are able to secure for our energy exports.