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Shiftheads - Did Alberta's Budget Fixed Itself Again This Week?
Alberta oil revenue swings don't just move the economy. They move the entire political conversation, and last week's deficit just became this week's windfall because a conflict broke out and oil prices moved. You watched the same thing happen during the pandemic, during the Ukraine invasion, during every price spike going back to the 1970s. The lesson about diversification is still sitting there. It still hasn't landed.
What does it feel like to watch the same story reset in the span of seven days? Last week: massive deficit, hard questions. This week: oil prices up, problem deferred. The…
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