Getting an abrupt wake-up call
Alberta starts full-scale royalty review against backdrop of forecast nosedive in revenues, internal study points to declining take
For Petroleum News
The days of breathtaking budget surpluses and rampant growth appear headed for a slowdown in Alberta, the economic powerhouse of Canada over the past decade.
The latest provincial budget delivered a jolt of reality, projecting a decline in oil and gas revenues from a peak C$14.35 billion in 2005-06....
[additional news subjects in this story]
Report makes case for royalty hikes
Budget: natural gas production shrinking
Budget targets US$58 per barrel oil prices
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