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Originally Posted by Claeren
Norway smartly turned oil capital (that is being exhausted) into financial capital (That could last forever).
Alberta gave away Ralph bucks and rode the gravey train for a generation and then had nothing.
Norway = Smart
Albertans = Time will tell...
Claeren.
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Alberta spent a small part of one year's surplus. That's hardly a generation of spending.
There's also another small detail, Alberta is not a country, it's a province that has to manipulate thru loopholes not to lose a bigger part of their recent oil riches to the feds.
You also forgot to mention that Alberta paid off all of their debt years ahead of schedule.