When the budget was released I wrote that the projected surpluses were based on overly optimistic oil price forecasts and that the «tough decisions may be necessary in the future if the budget is to stay balanced.» (canadianbusiness.com)
Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with oilsands production expected to reach 2.2 million barrels per day by 2015. (canadianbusiness.com)
Again, the crude oil price forecast was updated to U.S. $ 50 / bbl plus inflation, and the oilsands production forecast had been updated to 3 million barrels per day in 2015. (canadianbusiness.com)