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

Last Updated Nov 19, 2018 at 2:47 pm MDT

Alberta Premier Rachel Notley has appointed three experts to work with the energy industry to try to find solutions to close an oil price gap that is costing the province tens of millions a day. Alberta Premier Rachel Notley and Chief Billy Joe Laboucan tour a culture camp after signing a historic land deal with the Lubicon, in Little Buffalo, Alta., on Tuesday, Nov. 13, 2018. THE CANADIAN PRESS/Jason Franson

EDMONTON – Alberta Premier Rachel Notley has appointed 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.

Premier Rachel Notley’s full announcement: 

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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.

RELATED: Economic cost of Canadian oil price discounts counted in billions of dollars

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

The premier is travelling to Ottawa and Toronto next week to make her case.

The experts are Robert Skinner of the University of Calgary’s School of Public Policy, deputy energy minister Coleen Volk and Brian Topp, Notley’s former chief of staff and a policy consultant.