Kenney's Alberta budget plan falls apart as oil prices plummet - 2020-03-09

From UmbraXenu
Jump to: navigation, search
F84.png Kenney's Alberta budget plan falls apart as oil prices plummet March 9, 2020, Kian Malekanian, North99

Economists have repeatedly warned Alberta's politicians about gambling on oil prices. They didn't listen and now, as oil prices are in free fall, they are about to pay the price.

Jason Kenney's budget plans were supposed to bring Alberta back to a balanced budget. In large part, the United Conservative plan relied on oil royalties, which in turn rely on oil prices.

The 2020 budget was betting on oil prices, for WTI Crude, to remain around $58. Today, the price for WTI Crude is floating around $30.

Wikipedia cite:
{{cite news | first = Kian | last = Malekanian | title = Kenney's Alberta budget plan falls apart as oil prices plummet | url = https://north99.org/2020/03/09/kenneys-alberta-budget-plan-falls-apart-as-oil-prices-plummet/ | work = North99 | date = March 9, 2020 | accessdate = March 10, 2020 }}