Monthly Archives: June, 2010
Gulf consequences
Todd Crawford, an economist with the Conference Board of Canada, suggests that BP’s ongoing blowout in the Gulf of Mexico will likely nudge American investment toward the oilsands. My two cents: First, for similar reasons, onshore natural gas may also benefit from the Gulf tragedy. Second, the petroleum industry may now undertake a really serious [...]
Alberta’s provincial budgeting is inaccurate but responsible
Among Canada’s provinces, Alberta has the worst record for accurate annual spending and revenue projections. Between 1999 and 2009, Alberta Conservative governments almost routinely varied their annual spending by 10 per cent from projected annual targets, and surpassed 20 per cent in 2007-2008. For the decade as a whole, Alberta spent $11.4 billion more than [...]
