Alberta’s energy profits near bottom of barrel

Even Energy Minister Greg Melchin, an accountant, is wondering how to count Alberta’s share of the province’s oil and gas wealth.

“We need another benchmark,” he said in an interview about his department’s official “performance measure” — a figure calculated annually showing how the provincial government and industry divvy up natural resource revenues.

“It’s become an almost misinformed benchmark,” Melchin said.

The missing link is an explaination for why the province’s piece of the resource pie is shrinking at the same time as rising energy prices are driving the value of oil and gas production to record highs.

Calgary Herald