Forage,
When things turned ugly in 08-09, Premier Stelmach had close to $20B in our rainy day fund... which took us most of the way to today on infrastructure spending in Alberta. We do have a heritage fund as well... and to compare Alberta to Norway is a little rich... given the differences in oil reserves and types of cost to produce that oil. Our net transfers in taxes out... to other Canadians... clearly is a structural difference from Norway.
When things turned ugly in 08-09, Premier Stelmach had close to $20B in our rainy day fund... which took us most of the way to today on infrastructure spending in Alberta. We do have a heritage fund as well... and to compare Alberta to Norway is a little rich... given the differences in oil reserves and types of cost to produce that oil. Our net transfers in taxes out... to other Canadians... clearly is a structural difference from Norway.
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