Don't Blame Your Neighbors for Broken Budgets.

The $6.4B deficit isn't because of immigration. It's because the government bet our future on $74 oil that's now at $60.

The Price of Oil

Move the slider to see how oil prices affect Alberta's deficit.

WTI Oil Price History (2023-2025)

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Oil Price
Budget ($74)
Political Events
Reality Checks
$40$100

Oil Price:

$60

per barrel

Projected Deficit:

-$16.9B

Based on $750M per $1 oil price change

Budget Assumption (2024)

$74/barrel

Government forecasted oil at this price

Current Price (Oct 2025)

$60/barrel

Reality is $14 lower than forecast

If oil was still at $80, we wouldn't even be talking about an immigration crisis.

Reality Check: What Really Changed?

Follow the timeline from boom to bust—and see who got blamed for the government's budget problems.

March 2024

"We Need More People"

The Action:

Premier Smith writes to PM Trudeau demanding the federal government **double** Alberta's immigration allotment to 20,000 per year.

The Quote:

"The decision on Alberta's 2024 allocations... negatively impacts Alberta's ability to grow and diversify its economy."

The Context:

Oil was near $80/barrel. The budget was in surplus. The government wanted more workers to fuel the boom.

2024-2025

The Oil Hole

-$1.65 Billion in Resource Revenue

The government's revenue projections were 30% higher than reality. Oil prices fell from $80 to $60/barrel.

2024-2025

The Infrastructure Legacy

$25 Billion Backlog

Funding for rural water/roads was slashed before the population peak. Decades of deferred maintenance.

Q3 2025

The Scapegoat

+197 Net International Migrants

International immigration has stalled, yet the 'crisis' narrative continues.

February 2026

"Immigration is the Problem"

The Action:

The Premier announces a referendum to "take control" and **decrease** immigration levels.

The Quote:

"Out-of-control immigration levels are overwhelming our core social services."

The Context:

Oil has crashed to $60/barrel. The budget is in a $6.4B deficit.

5 Myths the Government Wants You to Believe in October

Let's separate fact from fiction

Click or tap any card to reveal the truth

MYTH

Newcomers get free access to everything.

Click to reveal the truth
FACT

Non-permanent residents (NPRs) pay provincial income tax and GST but are excluded from AISH and most social housing.

MYTH

This referendum will stop the crowds.

Click to reveal the truth
FACT

The referendum cannot stop Canadians from moving from BC or Ontario (Mobility Rights, Section 6 of the Charter).

MYTH

We are subsidizing the rest of Canada.

Click to reveal the truth
FACT

Equalization is paid by federal taxes, not the provincial treasury. Albertans pay more because they earn more—that's how income tax works.

Key Takeaway: The fiscal challenges facing Alberta are decades in the making and rooted in resource revenue volatility—not immigration.

The Bottom Line

The "immigration crisis" didn't start because of a change in border policy—it started because the government lost its oil revenue and needed someone to blame for the deficit.