Putting the money in Albertans\u0027 pockets means protecting it from malinvestment or corruption
What no one ever points out is that Alberta’s known “finite” supplies of oil and gas are somehow, after decades of extraction and monetization, much larger than they were in Peter Lougheed’s time. Lougheed started hoarding oil money because he had been advised that Alberta’s conventional oil was going to run out in the mid-1980s, and no one was sure that the non-conventional oilsands could be put on a paying basis without heavy subsidies.
The concealed moral idea here is that spending oil money now is a form of theft from future Albertans. If we could resist temptation and leave the oil and gas in the ground, it all would be there for “our” children and grandchildren to exploit. When we bring it to the surface, sell it and spend the earnings, we are really stealing it from them.
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