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Vol. 13, No. 18 Week of May 04, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


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

Gary Park

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....

    [additional news subjects in this story]

Range of US$65-$100 a barrel for oil

Revenues expected to be up C$700M


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