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Government’s crude oil production cuts in Alberta backfire, rail shipments too expensive
Government's crude oil production cuts in Alberta backfire, rail shipments too expensive
Canadian News

Government’s crude oil production cuts in Alberta backfire, rail shipments too expensive 

In December of last year, Alberta Premier Rachel Notley announced that the province would temporarily cut the production of raw crude oil by 8.7 percent due to a glut, roughly equivalent to 325,000 barrels a day. The decision received mixed feedback from companies in the industry.

Notley defended the controversial decision by saying that “in Alberta we believe that markets are the best way to set prices, but when markets aren’t working, when companies are forced to sell our resources for pennies on the dollar, then we have a responsibility to act.”

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