From Deficit to Surplus? Alberta's Bleak Budget Outlook 'Changed Dramatically' as Oil Prices Rise The news from Alberta is nothing short of astonishing: a potential shift from a projected $9.
4 billion deficit to a surplus, thanks in large part to the sharp rise in oil prices. This marked change comes just months after economists were bracing for the worst.
The key factor driving this shift is the price of West Texas Intermediate (WTI), which has consistently hovered above $70 US per barrel over the spring and summer months.