This is reflected in the Canadian dollar which has been behaving like a petrodollar. Alberta is in for some hard times, I think its GDP will be about eventually

This is reflected in the Canadian dollar which has been behaving like a petrodollar. Alberta is in for some hard times, I think its GDP will be about eventually become equivalent to that of the slightly more populous Alabama, provided the exchange rate holds and Alberta GDP makes the anticipated drop. I think most Canadians recognize Alberta as a have province from the perspective of transfer payments, but that may change quickly if oil prices stay at this level for long making Albertans net recipients of transfer payments. I'm less sure that most Albertans realize just how badly managed benefits from oil resources have been used in the province. I'm talking Alberta Heritage Savings Trust Fund compared to Norway (Government Pension Fund), or even Alaska (Alaska Permanent Fund). It's bad even when you consider the high price of oil sand extraction, never mind the higher clean-up costs.