There is something wrong with the formula if Alberta can go through a crushing downturn in 2015 (shedding 100,000 jobs) yet still be paying in more than receiving back.
Albertans incomes were still the highest in Canada, even with the downturn. A Conservative government supported by a 100% of Alberta MPs capped the compensation for a huge drop in provincial revenue. A Conservative government supported by 100% of Alberta MPs kept the cap. A Liberal government got rid of it.
Objectively speaking, this government has been an atrocious economic steward
Employment is at record highs, unemployment is at record lows, and GDP is at record highs. For Alberta itself, natural gas production is at the highest level since 2010, oil production is at its highest level ever, having grown 30% since the federal liberals were elected. Average weekly earnings in Alberta? Record levels. Retail sales in Alberta? Record levels. Merchandise exports? Record levels. Employment? Record levels. Farm cash receipts? Record levels. Manufacturing sales? Record levels. Wholesale trade? Record levels.
Like I get people are mad, but be mad about something real. Alberta lost 5 of the past 7 years because of low overall energy prices made worse by bad differentials. Just like all the upgraders cancelled in 2009-10, Alberta's economy suffered due to a world wide price collapse caused by over supply of our primary export which was caused by the emergence of new supplies enabled by new technology which led to a reallocation of transnational capital.
Is Alberta really going to separate to try to get another pipeline started WHICH WE DON'T NEED? Which will be harder to do not easier?
Or is Alberta going to separate because it doesn't always get its way (being able to sell an unlimited amount of oil and gas at a profitable price no matter the world price), in a country where it is only 12% of the population?
This is like the Confederate South believing they were going to win the civil war because cotton was king and they would bring the north to its knees, and bring Europe in on the war on their side. The Confederate South was wrong.