Reacting to Ottawa’s announcement, Alberta Energy Minister Sonya Savage said Canada could “do a lot better” than 200,000 bpd of crude oil, but the federal government would have to allow provinces to manage their own natural resources.
“We can increase production if we can get more infrastructure built and I think that’s what was missing in the conversation,” Savage said. “It’s really not ambitious to talk about a short term potential of 200,000 barrels when we sit on top of the third largest reserves in the world.”
Savage said pipeline and rail export capacity could support a short-term increase of up to 400,000 bpd. But further investments in Canadian energy infrastructure, including pipelines and export facilities, could see exports grow by one to 1.5 million barrels per day in the long term. “We could be a lot more ambitious,” said Savage.
Now if only we could get any infrastructure past the government bureaucratic nightmare that Canada has become, & convince investors that they’re not gonna flip-flop partway through the projects….
