My Authors
Read all threads
It's a good time to remind you all that things in Alberta were looking bad before January, 2020. A competent and honest government would level with Albertans about this reality. The question is whether your government will do so. And yes, I have receipts. 1/N #ableg
I shall first remind you of this thread, and the evidence that was clearly showing a darkening economic outlook in Alberta.
Now, let's also remember that, in terms of 2019 results, Alberta's were the worst in Canada. Alberta's economic growth was negative in 2019. That's not the result of a pandemic, or a price war between Russia and Saudi Arabia.

economicdashboard.alberta.ca/GrossDomesticP…

Here are 4 economic indicators: the CFIB confidence index, the @Claudia_Sahm rule for Alberta, @trevortombe's econ index, and the government of Alberta's own index. All of them showed a worsening economic environment in Alberta heading into 2020. Obviously, 2020 has been awful.
Finally, let's talk a bit about the so-called oil price war. OPEC supply into global markets has been decreasing, other than a really small bump in early 2020 that constitutes this so-called price war. The real price war has been going on in non-OPEC (including Cdn) supply.
Since 2010, Saudi production was up 10%, and Russia up 12% to the end of 2019. By contrast, since 2010, Canadian production was up 61% and US production was up 223%. Long story short, the factors affecting Alberta's resource economy are much closer to home than an OPEC+ meeting.
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Andrew Leach

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!