Quote:
Originally Posted by Senator Clay Davis
But in a way the oil is Canada's as a whole. Without the oil in this province there would be no outgoing transfer payment issues, but another province would have the oil, and we'd be the ones begging for transfer payments. If Alberta's eastern border was 50km west or southern border a couple hundread kms south, this province would likely be as poor or poorer than Quebec.
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Oilsands revenue is actually fairly modest...for now...when the royalties change it will be another story (the royalties were lower until the epic capital costs incurred by industry are recovered...then they rise dramatically)
Alberta has boomed due to conventional natural gas recently...but that is slowing down...hopefully unconventional natural gas technology will help.