Alberta Diary: Are Alberta’s cannily incompetent Conservatives quietly awaiting a ‘Bitumen Gusher’?

Everybody should be as happy about Alberta’s “Bitumen Gusher” as these two guys, your blogger and former Finance Minister Ron Liepert. Below: AUPE’s chart of the price differential between Alberta bitumen and West Texas Intermediate crude. Below that: The Alberta government’s chart showing its natural resource revenue projections to 2022, prepared for last month’s Economic ...

Eclectic Lip: Alberta oil selling at 50% discount to world price…

…which explains why the Canadian government is Hell-and-High-Water-bent on building a pipeline, any pipeline, anywhere. First, the stats Over the past few months, new stories have noted that Canada’s oil sector isn’t getting full price for its heavy oil — in large part because American pipelines are well-supplied with newly-flowing tight oil (“shale oil”) from ...