Labour Economic Monitor (May 2008)

These are odd times in Alberta. With oil prices on the spot market topping $130/barrel and natural gas prices on the uptrend, you’d expect the public mood to be giddy with delight. … So why aren’t Albertans swinging from the chandeliers, and ordering up more champagne? Well, there’s an old Leonard Cohen song called “Everybody Knows” that talks about the unpleasant realities that everyone is familiar with, but that nobody wants to talk about.