Its pretty obvious, just look at alberta, they had a surplus for decades when oil prices were high, spent it all away plus even more, and now the rooster has co

Its pretty obvious, just look at alberta, they had a surplus for decades when oil prices were high, spent it all away plus even more, and now the rooster has come home. Every industry falls to this basic lack of fiscal discipline. Over-spend and over-leverage when times are good, thus inflating the bubble(s) even further and socialize the losses through bail-outs when the check comes due.