In 2014, Western Canadian Select crashed from $90 to $30. Harper was PM at the time, did he crash the price of oil or was it the fact that USA became a top 3 oil producer because of shale and fracking and OPEC flooded the market to try and bankrupt shale plays? (https://thenarwhal.ca/wp-content/uploads/2020/03/WCS-2006-2020-3.jpg)

Who was in power over the past 40 years? It’s about an even split between Liberals and Conservatives (https://en.wikipedia.org/wiki/List_of_Canadian_federal_general_elections). Who was  in power in Alberta? 12 straight election wins for the Conservatives from 1971 to 2012.

Look at Norway. Look at Alaska. Alberta has terribly mismanaged its oil revenue and Heritage Fund. Norway deposits 100% of its oil revenue into their heritage fund, Alaska deposits 25%, Alberta deposited 4.5%. Then consider Alberta’s rate of withdrawals, their investment strategy (spoiler alert, it’s been abysmal) https://en.wikipedia.org/wiki/Alberta_Heritage_Savings_Trust_Fund