Article content For a long time, Alberta has benefitted greatly from oil and natural gas royalties. Today, the resource revenue, while still sizeable, is no longer adequate to support the lifestyle to which Albertans have become accustomed. Fifty years ago, then-premier Peter Lougheed forecast that this day might come and set up the Heritage Savings and Trust Fund to get us through times like this. If our political leaders over those 50 years had stuck to the rules, raised taxes modestly and kept their hands off of the piggy bank, Alberta would have been in an excellent financial position today. But we aren’t.