I couldn’t be at the pro-pipeline rally yesterday in Calgary, but on behalf of the Alberta Party and our Alberta Party Caucus, I did send support to the thousands of people who stood up for Alberta’s energy industry.
“The Alberta Party’s Greg Clark says the current price of bitumen is creating a ‘national crisis,’ calling for a royalty holiday until oil prices improve.
Clark says it would only be a short-term solution.
‘Desperate times call for desperate measures,’ Clark told 660 NEWS. ‘We are literally giving away our most valuable natural resource for free, I think it’s time for the provincial government to consider curtailing production for at least a short period of time, to increase prices and keep Albertans working.’
The Calgary-Elbow MLA says it’s not about sending a message: it’s about the economics surrounding supply and demand.
‘If you reduce supply, you will increase the price,’ he said. ‘What really needs to happen, longer-term of course, we need to build pipelines. We need them urgently, we’ve needed them for a long time and both the provincial and federal governments have really let us down in land-locking Alberta’s oil.’
He says the dramatic steps would ensure Albertans get the best oil prices possible.
‘The differential in the price that Alberta gets is $40 lower than what we see as the headline price for WTI,’ Clark said. ‘This week Alberta’s heavy oil was trading at $13 dollars a barrel… that is half the price of Coca-Cola at the same volume. It’s just insane that we’re getting so little.’
Amazing turnout at the Alberta Party Caucus Stampede breakfast… 1,100 people(!) joined Karen MacPherson, Rick Fraser, Greg Clark and Stephen Mandel for pancakes and great conversation. Thanks to all who came!