Experts to work with energy industry on oil price solutions for Alberta

EDMONTON —  Premier Rachel Notley has appointed what she refers to as three “experts” to work with the energy industry to find ways to close an oil price gap that is costing Canada tens of millions a day.

Notley says the Canadian economy is losing $80 million every day because oil from Alberta is selling about $45 a barrel less than West Texas Intermediate in the United States.

She says that’s because there is an oversupply of Alberta oil due to a lack of pipeline capacity to move it to markets.

Notley calls the price gap a “real and present” danger that has to be addressed in the long term with more pipelines.