Uncertainty rattles global crude prices, puts spotlight on Alberta oil revenues

A pumpjack draws out oil from a well head near Calgary in September. Alberta's rural municipalities are still waiting on their significant unpaid outstanding property taxes to be paid.

The volatility of international oil markets hit home again earlier this week, as crude prices tumbled to their lowest levels in more than a year. A member of the province’s business council says the volatility is “why we have to have steel in our spine as Albertans.”

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