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Left-Leaning Party Sweeps to Power in Canada’s Oil-Rich Alberta

Wall Street Journal Original article ›

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A snap election following criticism of the Conservative government's budget plans to increase taxes leads to a win for the NDP in Alberta, Canada.

Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016

02/20/2009

The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.

Grouped Articles

Trade and Oil on Agenda as Obama Visits Canada

New York Times 02/20/2009

Canada Looks to Sell Its Oil Beyond U.S.

Wall Street Journal 08/23/2013

Oil Markets Fly Into a Perfect Storm

Wall Street Journal 10/09/2014

Oil companies: Unsustainable energy

Economist 10/14/2014

Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post

Washington Post 10/15/2014

Global Oil Glut Sends Prices Plunging

Wall Street Journal 10/15/2014


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