Oil prices are up but the province is still losing money, mostly due to natural gas prices.
In April, the province conservatively budgeted for an average oil price of $55.50/barrel.
On Tuesday, the price of oil closed at $71.31/barrel.
For every dollar over the budgeted average, the province stands to make $143 million/year.
On the downside, the province budgeted optimistically for an average natural gas price of $5.50/GJ.
Tuesday, natural gas closed at $2.88/GJ.
For every ten cents under the budgeted average, the province stands to lose $126 million/year.
In addition to the resource revenue, the Canadian dollar also has a hand in Alberta's current economic misfortunes.
For every penny the dollar goes up, the province loses $221 million in revenue.
