Natural Gas output decline creates fiscal headache
Even more than royalties or sagging commodity prices, the Alberta government needs to be worried about dwindling natural gas production to fill its gaping fiscal hole, a record $4.7-billion budget deficit.
Don Herring, president of the Canadian Association of Oilwell Drilling Contractors, stated:
Natural gas production is falling and it’s taking their revenue stream with it.
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Thu, Apr 9, 2009
Post by Melissa Pistilli, Gas Senior Reporter