Bitumen Bubble Gives Alberta The Vapours: Greenspon

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Alison Redford. (CP) | AP

Alberta Premier Alison Redford brought her sad tale of budgetary woe to Ontario last week. Her province isn't collecting enough money for its oil. It suffers from overreliance on a single export market. That market is not as needy as it once was. And so Alberta is headed for a $6-billion surge in its deficit. Her finance minister described the situation as a perfect storm.

Cry me a Bitumen Bubble. Has ever there been a province so lax in its fiscal management and so derelict in its policy duties as Canada's petro-superpower?

Read the whole story at The Star