Inside Alberta

The Calgary Herald’s Don Braid and Chris Varcoe have lots to talk about on today’s Inside Alberta podcast. They discuss the fallout from oil price curtailment, Premier Rachel Notley is in Montreal saying that she can’t get to the table, New Brunswick wants the Energy East pipeline.

But perhaps the biggest story—Premier Rachel Notley announced Sunday that Alberta would slash oil production temporarily by 8.7 per cent starting in January, amounting to about 325,000 barrels per day (bpd).

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Alberta has reached a crisis point as the price of oil continues to drop. The stakes are high, and the government must find a way to get rid of the excess oil currently being stored, while simultaneously slowing down production. A midterm solution is to bring in locomotives, which could take up to a year to get running. As for a short term solution, that's where the options get dicey.

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Expectations were high when Prime Minister Trudeau came to Calgary on Thursday to address Alberta's oil crisis. But the province was disappointed when Trudeau gave no indication of a federal plan to deal with the crisis. Meanwhile, the oil patch says if the issue isn't resolved in the next couple of weeks, the winter drilling season will be in peril.

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Calgary Herald columnists Don Braid and Chris Varcoe discuss the crash of Calgary's 2026 Olympic bid as well as calls for the Notley government to temporarily cut down oil output in Alberta as a way to stop crude oil prices from falling.

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