The Current | Feb 13, 2013 | 21:58
Alberta Angst: Squabbling over pipelines & threatening financial security
For years it has been a Bitumen Benefit ... thick tarry crude pulled out of the Alberta Oil Sands at an increasingly dizzying rate, the most significant driver of the Canadian economy. But suddenly it is a Bitumen Bubble worth billions in losses, breaking budgets ... both provincial and federal and triggering urgent warnings that Canadians will pay an unparalleled price without rapid pipeline production to send that product to Asia. How did such a turn around happen seemingly so quickly? Are we on an economic brink?