KAPLAN: Alberta is gambling its future on oil — and the math doesn't add up

With the current legislated fiscal framework and unlegislated fiscal anchors now under review, the Alberta government appears to be headed towards establishing a longer-term fiscal anchor for its finances, based largely on increasing oil production. Alberta Premier Danielle Smith says her goal is to eventually achieve balanced budgets, based on a WTI crude price of about 60 USD per barrel, bringing spending in line with revenues over the next decade.