Alberta between mild and extreme ‘petrostate’

Oil is by far the most popular natural resource making headlines on a weekly basis in Alberta and for good reason – the Province has relied on its vast reserves of petroleum for both economic and political reasons.

With impending decisions to be made regarding the future transport of this coveted resource, whether it be through pipelines such as Keystone XL or by rail, Alberta will continue to be known in some circles as a “petrostate,” but to what degree is a topic economics professor Alan MacFadyen has tackled extensively.

Last month, MacFadyen, an Emeritus at the University of Calgary who established the petroleum economics program within the Department of Economics, examined this, and the history of Alberta’s oil industry, during a talk at the Seniors’ Centre in Canmore.

According to the professor, the Province is somewhere in between a mild and extreme version of a “petrostate.” Read the full story at the Rocky Mountain Outlook.

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