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Glen Godlonton

Oil price plunge leaves alberta $6.5B poorer

Oil price plunge leaves alberta $6.5B poorer

EDMONTON - Plummeting oil prices have slashed $6.5 billion from what was expected to be a near-record breaking Alberta surplus.

The province still expects a $2-billion surplus, mostly because of summer oil prices that surged to $147 US per barrel.

In its last budget, the government had predicted a $1.6-billion surplus.

http://www.canada.com/edmontonjournal/news...5c-23894aa62b77

Published Thursday, November 20, 2008 9:04 AM by Glen Godlonton

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