• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 17 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 6 hours Ecoside
  • 14 hours Oil at $40
  • 5 hours Japan’s Deflation Mindset Could Be Contagious
  • 1 min US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 20 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 20 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 10 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 16 mins "Undeniable" Shale Slowdown?
  • 2 days Is Canada hosed?
  • 15 hours Negative Gas Prices in the Permian
  • 15 hours Gas Flaring
  • 1 day The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
Why Elon Musk Is Wrong About Hydrogen

Why Elon Musk Is Wrong About Hydrogen

Electric passenger vehicles are getting…

U.S. Energy Consumption Hits All-Time Record

U.S. Energy Consumption Hits All-Time Record

The United States consumed 101.2…

Oil Industry Relieved After Major Conservative Win In Alberta

Jason Kenney

The United Conservative Party won the provincial vote in Alberta with an overwhelming majority, promising a harder line on energy issues as a champion for the oil industry.

The leader, Jason Kenney, pledged on the campaign trail to remove the carbon tax introduced in the oil province and challenge legislation that neighbor British Columbia is pushing that would give it more power over inter-province infrastructure projects. The goal is to stop for good the Trans Mountain oil pipeline expansion project.

The UCP victory spells more trouble for the two neighboring provinces if Kenney stays true to his promises. It also spells more tension between Alberta and Ottawa, as the UCP leader has also vowed to get the federal government in line regarding the now-notorious project.

In addition, Kenney has said he planned to hold a referendum in Alberta regarding the so-called equalization payments the federal government distributes to smoothen financial inequalities among provinces. Plans are to tie these payments to the construction of new pipelines.

The pipeline problem has become Alberta’s Achilles’ heel, costing it billions in lost profits from crude oil exports as production grows but existing pipelines cannot cope with the additional load. This has spurred more exports by rail and the acquisition by the outgoing Rachel Notley government of more rail cars to boost the export capacity in the face of pipeline bottlenecks.

The shortage also forced the government to institute obligatory production cuts that met with strong opposition from some industry players and may have additionally tipped the scales in favor of the United Conservative Party in the election.

Canadian media report that Kenney has already threatened British Columbia to turn the gasoline tap off “within an hour” of taking office if it continues to try and stop the Trans Mountain expansion. This might very well be the first shot in the second inter-province Battle of the Pipelines.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News