Alberta Premier Rachel calls the oil price gap a "real and present" danger that has to be addressed in the long term with more pipelines. EDMONTON — Alberta Premier Rachel Notley has appointed three experts to work with the energy industry to find ways to close an oil price gap that she says is costing the Canadian economy $80 million a day. Notley says the Canadian economy is losing out because oil from Alberta is selling about $45 a barrel less than West Texas Intermediate in the United States. “We will lose that $80 million tomorrow and the day after and the day after, as long as this price differential remains in place,” she said at the legislature on Monday. “Make no mistake, this price gap is a real and present danger to the Canadian economy.” Notley said the differential is due to a lack of pipeline capacity to move a growing glut of Alberta oil to markets. “We should be shipping our oil through pipelines to new markets around the world,” she said. “Owing to decades of failure by successive Canadian governments, Canada is holding its own economy hostage and … holding Alberta’s economy hostage.” Make no mistake, […]
