Author Topic: No llores por mí Alberta  (Read 34751 times)

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Offline Queefer Sutherland

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Re: No llores por mí Alberta
« on: October 26, 2019, 01:02:41 pm »
waldo, yes they have very low taxes.  That used to work fine in AB when they were making money hand over fist.

Then global oil prices dropped by 40% a few years ago, putting a big hole in their economy.  Oil output may keep increasing, but the price of oil is $60 a barrel, when in 2016 it was $110. That's a 40% drop, not good for tax revenues.

So yeah, mostly not the fault of the feds.  But the feds just put in the carbon tax.  That will add 10 cents a liter to gas prices in Canada in a few years, it's up about 5 cents a liter now.  Not to mention cost of doing business in AB.  It's a complex situation.  I can see why they're frustrated.
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