If only a few of these come to pass we'll be pleased and vindicated, as we're the voice in the wilderness on tax cuts in Alberta. Cutting taxes may be the only way to get the Alberta government to control spending. Killing two birds with one stone.
Not everyone is desperate for tax cuts at the earliest possible moment, however. Ray Prins, MLA from Lacombe-Stettler, said he's advising constituents not to necessarily expect a reduction.
Prins has a handy list of oil prices from recent history that he hauls out when people start talking too aggressively about recent natural resource wealth and the possibilities of tax relief.
"The average price of oil just four years ago was $25.90," says Prins, who then reads down the list: "In 1999 it was $19.24; 2000 it was $30.20; 2001 it was $25.90. Two years ago the average price was $30.90, so I don't think we should be basing our future on what's happening this year."
Well, that would seem like common sense. Except for the fact that Alberta has based it's spending on the premise that the oil boom will continue forever. I'm sure Mr. Prins is hopping mad about that.