Ok.... so what did I do wrong here??
Alberta pumps out 1.7 million barrels a day .... or about 600,000,000 barrels per year. Now, taking a conservative price of oil last year of $70 a barrel, the value of the oil is $42 billion dollars. The forecast for the 2006/2007 OIL royalty revenue just updated is $1.36 billion for the year..... Divide the 2, multiply by 100... and Albertan's got 3.2% for THEIR oil..... this excludes the fact that over the last year, the US dollar was also a few percent higher!!
WTF?
Is this a fair share?