By Paul Kellogg
Alberta’s conservative finance minister Robin Campbell announced in February that his government was looking to slash nine percent from its annual budget in response to declining oil prices. The news caught few by surprise. Oil prices were collapsing in late 2014, and New Alberta Premier Jim Prentice, just before the holidays, cautioned about the economic and fiscal instability looming in that oil-dependent province. “We don’t know what’s around the corner”, he said. “We don’t know how long prices are going to be low”. He gave this advice to the province’s citizens: “it is a time to be careful on personal expenditures”. The next month, the premier went to Arizona and carefully bought himself a present – a vintage 1956 Ford Thunderbird, costing US$59,400 or about $71,000 Canadian.