Alberta aims low in oil price estimates
For ’08-’09 counting on average of US$70, minister factored in likelihood of U.S. recession, turbulent global financial markets
For Petroleum News
Low-balling is the name of the game when the time comes for the Alberta government to estimate oil and natural gas prices for its fiscal years.
A succession of finance ministers, including the latest incumbent Iris Evans, take great pride in pointing to their “cautious, reasonable and prudent” appro....
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Range of US$65-$100 a barrel for oil
Revenues expected to be up C$700M
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