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Alberta committed to buy railcars to boost gross shipments

Alberta Premier Rachel Notley has lectured at Ottawa on November 28, 2008.

Adrian Wyld / The Canadian Press

Alberta plans to buy rail cars at the start of the new year, with 120,000 additional oil barrels per day, because they are called provincial production cuts because it has boosted prices for Western Canadian oil. basement levels

Premier Rachel Notley puts pressure on finding alternatives to sell Alberta oil while not having piping capabilities. In addition to adding more rail volumes, incentives are being made, including the maintenance of future payment payments, for companies that want to cut production today. It also looks at obligatory production cuts in the industry. These measures would reduce the offer to rebalancing the oil prices.

On Wednesday in Ottawa's speech, Notley's federal government encouraged the purchase of its cars and raw locomotives, but the province will act on its own, such as an agreement. The oil tanker said it would add 120,000 barrels of day export days to the current 350,000 barrels per day on the raw material capacity of the day.

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"This investment is worth not only close to the point of view, but also with more delays," said the Premier. "The federal government must be on the table, there is no excuse for their own sake".

Mrs. Notley has said that prices are being quoted as "Canada retains the Canadian economy and Canadian bailout" unless the pipes are built.

At least three weeks after the letter, Notley urged the Prime Minister Justin Trudeau to pay for Alberta's oil prices to meet the crisis and to protect the bank's car purchase plan.

On Wednesday, when the request for funding was made, the Prime Minister's office addressed questions to the Directorate of Natural Resources. According to Amarjeet Sohi Natural Resources spokesman, federal officials work with Canadian parties to explore opportunities, including the Notley's railroad proposal, to tackle the crisis. "We assure that Alberta's oil gun is getting its full value," said Vanessa Adams.

Raw pipe prices Canadian crude prices declined sharply compared to the key North American Intermediate Key (WTI) key, to be closed from the beginning of October to Wednesday; US $ 50.30 pounds. Western Canadian Select launched a $ 41 million discount in December, which was released on Tuesday at US $ 33.50 in January, according to NetEnergy, according to the Calgary trading company. Edmonton's raw light – it usually sells a premium of WTI – Wednesday with a US $ 25.25 discount, NetEnergy reported.

While on Tuesday, Jason Kenney, National Party of the Conservative Party of Alberdi, the Democratic Party's New Premier Demonstrator appeared, the government imposed a production of 200 barricades in 13 large producers and cut short policies. Reductions would be generated around 200,000 barrels per day, a fall predicted by oil companies, including Cenovus Energy giants.

"I am a free market conservative," said Mr. Kenney, a reporter from Edmonton. "I think the government intervention in the markets is supposed to be avoided, so I was there with the idea of ​​minimizing restrictions earlier a few weeks before, but after a broad consultation, I believe that action is necessary."

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The Alberta government must provide incentives for imposing a production cut or voluntary reductions still under assessment. His plan will be announced "next week or later," Mrs. Notley said. There are also some incentives for paying payment rights, but taking into account other points of view.

"The industry itself is very complex, players are organized differently and the implications are different for each of them, as it is a regime of operation regime," he said. "So we have to look at the whole picture."

The Premier argued that additional rail capacities would increase the Canadian Canadian crude prices for the US $ 4 barrel and transport over the next few years to end the Trans Mountain gas pipeline expansion proposal. And it would be more secure against the gas pipeline, he said.

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