But, it isn’t the price of oil in Texas that is causing the real problem.Historically, the price we receive for our oil has been a few dollars lower than Texas oil,and that differential had been manageable.But since September, that gap in the differential has grown considerably and the trendis getting worse for the foreseeable future.The vast majority of our oil is now bitumen from the oilsands. And because of rapidly growing levels of oil production in the United States, and the factwe have virtually nowhere else to sell our oil but to the U.S. market, Alberta is getting just over $50 dollars a barrel for our oil.This “bitumen bubble” means the Alberta Government will collect about six billion dollarsless in revenue, this year alone.To put that in context, that’s equivalent to all of our government’s spending onEducation each year.So as we prepare this year’s budget, it means we have to make some very difficultchoices.When Albertans elected our government last April, you placed your trust in us tomanage in both good and in challenging times, to protect Alberta’s gains, while buildingfor the future.You gave our government a clear mandate to keep investing in services that supportour families and our communities – the communities where we live. You told us tocontinue building the new roads, schools and health facilities we need. And we are listening.Despite falling oil revenues, I give you my commitment that as we deliver our long-termeconomic plan for Alberta, we will be thoughtful in our approach and we will deliver onthese priorities.It’s not good enough to simply take an axe to government spending across the board.That would mean vulnerable Albertans get hit the hardest. And it is not good enough to take the easy way out and raise taxes.Last year, we initiated a Results Based Budgeting process – a process that challengesevery dollar the government spends, while making sure the programs and services weprovide are getting results for Albertans.I’ve instructed every one of my ministers to speed up this review.