[peter12]

Originally Posted by Johnny 99

If oil prices go down, it can only be bad for Alberta's one-dimensional economy. Kevin Taft may not have a great personality, but he gave a speech last week in which he stressed the need for us to diversify our economy, invest our surplus in sustainable public work projects and curb our spending. Right now, the only reason things are so good is because the difference between the provincial government's spending and intake is made up by the huge amount of money they receive via royalty payments. Once, as you say, the world economy starts to head into deep recession (which I believe it already has), it would make sense to argue that world oil demand will fall, yes? The less demand, the lower the price is, and hence the lower amount of cash government has to throw around. The incredible lack of foresight shown tonight by the common Albertan astounds me. They have learned nothing from the previous oil boom and bust cycles. Do people actually think that things are going to be roses and ice cream forever? Give your head a shake - we're at the top of Mount Everest right now - the only way is down.

I don't think anyone is saying Alberta doesn't have problems. I just don't know what your silly posts are all about.