can pigs fly?

Everything done , done , done !

How de f-word they could have spend out that awesome Heritage Fund is mind boggling !

www.theglobeandmail.com/news/alberta/tim...und/article22373933/

The cyclical collapse of oil prices is as predictable as death.

We all know we are going to die. The only surprise is when.

And with oil, even that is not very surprising anymore,

as it has happened every decade since 1986 – in 1998, 2008 and now again in 2014-15.

It's a great day for the working people of Alberta Bro!

Viva la Revolution!!

When Iranian oil hit the market after sanctions are lifted , oil will hover around  30 dollars per barrel and I don't  see how  Alberta can compete . They mine for oil  on the tar sands instead  of drilling.
Water is added to the tar sands  to  liquefy  which is then shipped to refineries in Texas .
Right now this is being shipped by trains and unless the Keystone pipeline is built , I can see the oil industry being doomed in Alberta

Rachel Notley takes helm of Alberta with cast of newbies, concerns from business

Notley has promised to restore $1 billion in cuts to health care in the budget and says she will make sure there is funding to cover an extra 12,000 students expected to enter the grade school system this fall.

She also plans to hike income taxes for the wealthy and increase the corporate income tax rate to 12 per cent from the current rate of 10 per cent, which is the lowest in Canada.

She has also promised a royalty review to determine if Alberta is getting the proper amount of return from its resources.

ca.news.yahoo.com/rachel-notley-takes-he...cerns-100008040.html

And what did the working people of Alberta get during the heyday of the billion dollar revenues for the oil companies? Massive cuts to health care, education, and loss of employment.

  Watched her victory speech ,Seems sincere . Her job will be difficult as the Wild rose opposition  party is extremely right wing  , mantra being tax cuts and spending  cuts

Let s hope that this is a sea change for ordinary Albert ans . .
Edmonton has always been a progressive place but now they are being joined by Calgary .

5 billion $ deficit !

To curb spending will require significant public-sector wage restraint, perhaps even another Klein-era 5-per-cent-wage rollback

for the entire public sector. But even this would only save about $1.5-billion.

Even less can be saved by postponing the construction of much needed new schools, roads and hospitals.

Where’s the rest going to come from?

To increase revenues,  nibble around the edges with options such as bringing back health-care premiums

and increasing the various fees that Albertans pay for government services.

But any serious new revenue will have to come from tax increases:

either corporate income tax (CIT); personal income tax (PIT); or a new provincial sales tax (PST).

I hear you Bro.

Trickle down Tory economics led to piss raining down from the oil companies unto heads of working class Albertans.

The oil companies don't want environmental regulations and sharing of profits.  The gov't coffers are bare.  Time for the oil companies to pay the piper.