Quote:
Originally Posted by Wookie
I don't know how the deficit works with oil prices vs. income USD vs. CDN. The CDN dollar is almost at par. which changes things. Although it's been close for awhile. The dollar value offsets some of the oil price change. Also the majority of royalties came from Natural Gas (not sure how the royalty review has changed this).
Gas prices or Natural gas prices? Sorry - at first I thought you were talking about gas that fuels your car. Which seems to be the first concern people have with oil prices lol.
Car gas prices have certainly come off their low. I enjoyed that CHEAP gas for awhile!!
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Esentially higher oil production at higher oil prices combined with lower natural gas production at lower natural gas prices should probably make provincial revenue more oil wieghted this year.