@author_matthewflagler: Alberta and Norway both hit the oil jackpot. Both discovered enormous petroleum wealth. Both had relatively small populations. Both had democratic governments. Both had the opportunity to turn temporary resource wealth into permanent prosperity. Today, Norway’s sovereign wealth fund is worth more than TWO TRILLION dollars. Alberta’s Heritage Fund sits at roughly $32 billion. So what happened? In this video, we explore: • Peter Lougheed’s original vision for Alberta’s Heritage Fund • How Norway built the world’s largest sovereign wealth fund • Royalties, taxes, and resource ownership • Why Alberta stopped systematically saving resource revenues • The choices governments made over the last 50 years • What Alberta might look like today had it taken a different path This isn’t really a story about oil. It’s a story about choices. Because Alberta didn’t lose the geological lottery. Alberta won it. The question is what happened afterward. What do you think? Did Alberta get played? Or did Alberta simply make different choices? Let me know in the comments. #canada #alberta #norway #oil #economy

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Thursday 25 June 2026 14:00:49 GMT