Alberta's Energy Boom and Revenues Subsiding

Alberta, Canada's primary energy production is heavily weighed towards natural gas, representing approximately 80% of the energy content of oil and natural gas produced. From 2006 to 2010, natural gas production declined 21%, due to North American natural gas price declines due to increased supply in the lower forty-eight with the fracking boom. The graph below is from Alberta's Natural Gas Industry Quarterly Update, Summer 2012: http://www.albertacanada.com/files/albertacanada/NGas_QuarterlyUpdate_Summer2012.pdf It shows the precipitous decline in Alberta's natural gas exports.