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Alberta Premier Rachel Notley speaks to cabinet members about an 8.7 percent oil production cut to help deal with low prices, in Edmonton on Monday December 3, 2018. , The Canadian Press It’s been one working week since Alberta Premier Rachel Notley announced her decision to force curtailments on the province’s oil producers, triggering a wave of reaction from industry players and analysts that ranged from applause to apprehension. Here is a round-up of some of the comments industry insiders and political stakeholders shared with BNN Bloomberg: “This was going to have a very, very big effect… If the government had not stepped in, not only would Cenovus have massively cut back its winter program, but that would have had knock-on effects to the communities we work in and the contractors that we use.” – Alex Pourbaix, CEO of Cenovus Energy Inc. “It’s interesting how people, even the government, are almost apologetic for having to do this because they’re ‘interfering in the market.’ The market already has been interfered with by the lack of action and the inability to get the pipelines done, which [is] really a situation in which the policies of the federal government have prevented it. […]
