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1. financialpost.com › commodities › energyAlberta's forecast of massive swing to surplus not just ...

   financialpost.com › commodities › energy

   Feb 25, 2022 · Alberta is projecting oil prices to come down over the next couple of years and non-renewable resource revenues to drop, with the province forecasting West Texas Intermediate (WTI) oil price averaging US$70 per barrel in 2022-23, before settling around US$66.50 per barrel by 2024-25. The province’s forecasts are indeed conservative, Tombe said.

   • Author: Meghan Potkins

2. www.cbc.ca › news › canadaHigher oil prices expected to help increase Alberta ... - CBC.ca

   www.cbc.ca › news › canada

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   Aug 29, 2024 · The province is pegging the average price of West Texas Intermediate oil to be US$76.50, up US$2.50 per barrel than what was forecast at budget. In 2024-25, the government plans to spend $73.3 ...

3. strategycorp.com › 2024 › 03Alberta Budget: Slight Surplus but Concern (As Always) About ...

   strategycorp.com › 2024 › 03

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   Mar 1, 2024 · As successive Conservative and NDP Alberta premiers and finance ministers vow to get off the “energy rollercoaster” of volatile oil and gas prices, the fact remains that global energy prices will continue to impact the provincial bottom line for years to come.

4. globalnews.ca › news › 9801872Oil prices drop, Alberta remains optimistic due to surplus ...

   globalnews.ca › news › 9801872

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   Jun 29, 2023 · Horner announced Thursday that Alberta ended the 2022-23 budget year with an $11.6-billion surplus, up from its third-quarter estimate of $10.4 billion, due mainly to $25.2 billion from non ...

5. www.cbc.ca › news › canadaDanielle Smith wants to save Alberta's oil wealth, but ...

   www.cbc.ca › news › canada

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   Mar 1, 2024 · Alberta budget on 'knife's edge' amid sluggish oil prices The budget is based on North American oil prices averaging $74 US per barrel. A barrel of West Texas Intermediate was trading for about ...

6. www.cbc.ca › news › canadaHigh oil prices a potential boon for beleaguered Alberta - CBC.ca

   www.cbc.ca › news › canada

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   Jun 22, 2021 · Higher oil prices may generate higher rates of economic growth — which means higher incomes and more jobs for Albertans. ... Alberta's government budgeted oil prices of $46 per barrel. By 2023/ ...

7. People also ask

   Will Alberta's oil prices go down in 2022-23?

   • Alberta is projecting oil prices to come down over the next couple of years and non-renewable resource revenues to drop, with the province forecasting West Texas Intermediate (WTI) oil price averaging US$70 per barrel in 2022-23, before settling around US$66.50 per barrel by 2024-25. The province’s forecasts are indeed conservative, Tombe said.

   Alberta's forecast of massive swing to surplus not just 'heyday oil

   financialpost.com/commodities/energy/albertas-forecast-of-massive-swing-to-surplus-not-just-heyday-oil-prices

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   Will higher oil prices help Alberta's economy?

   • For a province that produces roughly 1.3 billion barrels of oil per year — and whose economic and fiscal challenges have been the most significant in a generation — higher oil prices provide much needed relief to Alberta's provincial budget and a boost to our slowly recovering economy.

   High oil prices a potential boon for beleaguered Alberta

   www.cbc.ca/news/canada/calgary/road-ahead-alberta-high-oil-prices-potential-boon-1.6073884

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   How much does oil cost in Alberta?

   • Pumpjacks pull oil from the ground near Three Hills, Alberta. This week, the price of oil has averaged about $78 US per barrel of West Texas Intermediate. (Kyle Bakx/CBC) Based on Thursday's budget, experts say there is little reason to think so. In fact, Smith's own government isn't making any commitment beyond the upcoming year.

   Danielle Smith wants to save Alberta's oil wealth, but history shows it

   www.cbc.ca/news/canada/calgary/bakx-alberta-budget-danielle-smith-heritage-savings-wti-1.7129775

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   How much oil did Alberta need in 2014?

   • In 2014, the last year Alberta ran a (modest) surplus, an oil price of roughly $91 per barrel was required. After oil prices plummeted not long after, former premier Jim Prentice raised taxes and restrained spending. That budget's return to balance required $75 per barrel of oil.

   High oil prices a potential boon for beleaguered Alberta

   www.cbc.ca/news/canada/calgary/road-ahead-alberta-high-oil-prices-potential-boon-1.6073884

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   Will Alberta save oil cash?

   • With Thursday's budget, Danielle Smith joins the long history of governments in Alberta pledging to save the bounty of oil cash. But with a crash in oil prices seemingly always around the corner, every previous commitment to saving has inevitably failed.

   Danielle Smith wants to save Alberta's oil wealth, but history shows it

   www.cbc.ca/news/canada/calgary/bakx-alberta-budget-danielle-smith-heritage-savings-wti-1.7129775

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   Will higher oil prices increase Alberta's public debt?

   • Over the next three years, higher oil prices may mean an additional $12 billion that Albertans won't need to borrow to fund public services. Instead of our government's net debt exceeding 26 per cent of Alberta's GDP by 2024, it may come in at less than 22 per cent. This is over $2,500 per Albertan in lower public debt by 2023/24.

   High oil prices a potential boon for beleaguered Alberta

   www.cbc.ca/news/canada/calgary/road-ahead-alberta-high-oil-prices-potential-boon-1.6073884

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8. www.nationalobserver.com › 2022/03/22 › opinionSoaring oil prices could save Alberta's Conservative party ...

   www.nationalobserver.com › 2022/03/22 › opinion

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   Mar 22, 2022 · If oil averages $100 a barrel for fiscal 2022, a figure that looks increasingly conservative, that will give the UCP $15 billion to play with. If it averages $120 a barrel, it will mean $25 billion. And while the party could theoretically use that to fund health care and education, it’s far more likely the UPC will try to find a way to put it directly into the pockets of Alberta voters.