Canada News Today | 2 Min News | The Daily News Now!

Alberta Pushes for Pacific Pipelines Amid Venezuela Oil Fears


Listen Later

Alberta Premier Danielle Smith is advocating for quicker pipeline construction to the Pacific coast, aiming to diversify oil exports beyond U.S. buyers amid fears of lower oil revenues due to Venezuelas potential surge in production. Meanwhile, Alberta residents are enjoying low gas prices, but the province faces budget challenges as West Texas Intermediate prices plummet. With a history of oil price volatility, Albertas strong balance sheet provides some cushion, but reliance on energy has increased, and deficit caps may necessitate tax hikes or cuts unless oil prices rebound. Checkout Solipillow.com

DNN | The Daily News Now!

The world’s first global local news network.

Every city. Every story. AI powered. 

Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

Canada News Today | 2 Min News | The Daily News Now!By The Daily News Now!