Again, going back, we published a paper about eight years ago calling on the provincial government to dramatically upgrade a portion of the royalty revenues that are received, put them aside, and basically take them out of the spending stream and allocate them into savings before you have folks knocking on your door asking you to spend it.
When you take a look at it, you see there certainly were substantial periods of high royalty revenue, but there were also high periods of expenditures that went along with the fact that we were into a huge boom in our economy.
Former Premier Stelmach often referred to the fact that when people move to Alberta, they don't bring their hospitals and schools. We had a province that had to cope with that high growth during that period. With 20/20 hindsight, if we had taken that money and basically squirrelled it away, there may have been higher taxes in the province of Alberta. I guess the lessons that we learned in the past will hopefully inform our decision-making ability in the future and improve it. The reality is that at this point in time, we have a critical issue.
It's not about royalties in the province of Alberta. It's the reality that we have a low oil commodity price, which is dragging down our economy. The effect on the provincial treasury is an important part of that, but certainly it's not what is causing the unemployment in the province of Alberta.