JWN Energy Group’s Daily Oil Bulletin
5 November 2018
There would be no civil war in Western Canada’s oilpatch now, if the Alberta government and the province’s oil industry had followed the advice of former Premier Peter Lougheed last decade. Lougheed counseled a go-slow approach to oilsands development, whereas Premier Ralph Klein and his successors chose a laissez-faire approach instead. This led to runaway growth, massive cost-overruns, less royalty revenue for the province per barrel produced, and a huge bull’s-eye for the global environmental movement to target.