We have too much oil in Alberta.

“The province’s landlocked oil is selling for a massive discount. The world price is hovering around $55 US per barrel. The price Alberta gets is called the Western Canada Select price — and that’s worth about $12 per barrel. The gap is called the price differential.

It’s just one bit of bad news after another for Alberta’s NDP government.

As if inheriting an economy heading into a recession in 2015 wasn’t bad enough, the NDP has watched the world price of oil stabilize while the price our landlocked energy industry receives has dwindled to a record low.”

We just can’t sell enough of the damn stuff to make it profitable, and the current status quo is making other people rich so it appears we’re kinda stuck at the moment.

What an incentive to actually put the dollars into diversifying our economy and weaning the oil industry off of the huge public subsides it receives.  I would also like to see our domestic gas prices reflect the current glut of oil in Alberta.

Of course, to even question the primacy of Oil and Gas in our province is akin to heresy, but it doesn’t mean questioning the priorities of our government should not be done.