Sep 7, 2026 · 57 min · 13 segments
Economist Jim Stanford, Director of the Centre for Future Work, recently reviewed 3 detailed economic analysis done by three other economist to put together an easy to access and understand report on…
Jim StanfordGuestNate PikeHostI'm curious, like, here's the, I want to talk about the treaty piece because you do address that in the report.
And I also want to talk about sort of the constitutional challenges that exist in regards to the pathway to separation.
But before we do, one of the other things that I just want to kind of highlight is that With all of the record oil production and with all of the very, very big profits that the very big oil companies are getting and still being subsidized by a number of governments, the reality is we just saw the provincial government post their fiscal update.
And they projected instead of a deficit, which is what they had projected a little while ago, they projected a surplus and everybody went,
That's the reason that the provincial budget went from deficit to surplus is because they now expect the royalty revenue from petroleum, from Alberta's record petroleum production.
And the price shot up because of the war in Iran and the closure of the Strait of Hormuz.
So, you know, to some extent, from the Alberta government's perspective, you could say that's good news.
So, you know, why you would celebrate this? You know, I guess it's a kind of a silver lining to the cloud.
And we all know that Alberta owns the oil, yet Albertans are still paying through the nose for it.
So that is the other side of the coin of the high oil prices and the resulting boost in royalty revenue for the provincial government.
I'm curious, like, here's the, I want to talk about the treaty piece because you do address that in the report.
And I also want to talk about sort of the constitutional challenges that exist in regards to the pathway to separation.
But before we do, one of the other things that I just want to kind of highlight is that With all of the record oil production and with all of the very, very big profits that the very big oil companies are getting and still being subsidized by a number of governments, the reality is we just saw the provincial government post their fiscal update.
And they projected instead of a deficit, which is what they had projected a little while ago, they projected a surplus and everybody went,
That's the reason that the provincial budget went from deficit to surplus is because they now expect the royalty revenue from petroleum, from Alberta's record petroleum production.
And the price shot up because of the war in Iran and the closure of the Strait of Hormuz.
So, you know, to some extent, from the Alberta government's perspective, you could say that's good news.
So, you know, why you would celebrate this? You know, I guess it's a kind of a silver lining to the cloud.
And we all know that Alberta owns the oil, yet Albertans are still paying through the nose for it.
So that is the other side of the coin of the high oil prices and the resulting boost in royalty revenue for the provincial government.
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