Why the time has come for Alberta to consider hedging to protect oil revenue

Should Alberta’s oil dependent government start hedging to safeguard its revenue?

Alberta government’s policies are undermining business amid downturn, employers’ group says

An alliance of employer organizations is asking for a meeting with Alberta Premier Rachel Notley to discuss what it calls the ‘dire economic situation’ in the province

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With its budget deficit swelling and oil boom-and-bust cycles expected to accelerate, because of the growing experience of other oil-dependent jurisdictions like Mexico, this is an idea that should a minimum of be given due consideration. Saskatchewan and Newfoundland and Labrador, both dependent on oil revenue, also needs to take note.

It’s certainly a less intrusive way to manage oil shocks than forced economic diversification, going into debt or raising taxes