From Reuters:
Alberta expects oil and gas royalty revenue to plunge almost 90 percent next year to around C$1 billion ($761.73 million) from 2014 levels, the Canadian oil-producing province’s Premier Rachel Notley said on Thursday.
“This is the royalty roller coaster we’ve all been talking about,” Notley said in a televised address ahead of the release of the provincial budget next week.
“There’s no doubt that the oil price collapse is causing serious economic pain and anxiety,” she added.
