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Danielle Smith The LIAR
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17,621 views2,081likes2:22clauskellermanpov3004Original Release: 2026-05-11

Alberta's provincial budget is highly dependent on oil prices, with a $5 change in West Texas Intermediate Oil prices affecting revenue by approximately $3.75 billion; this creates a boom-and-bust cycle where high oil prices generate surpluses and low prices create deficits, making the province's fiscal management vulnerable to external market fluctuations.

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