Alberta Premier Rachel Notley says her government has been considering cutting oil production for some time now, adding that an announcement will likely come down in days â not weeks.
During Wednesdayâs episode of CTVâs Power Play, Notley told host Don Martin that her government has been âleaning into and consideringâ cutting oil production âfor well over a month now."
âItâs a complex issue,â she said.
Notley said her government has an obligation to do a deep dive into the potential options available to them in response to the plunging price of oil, which fell as low as US$14 a barrel earlier this month.
The premier said the current oil price, which experts have said is attributable to market access issues, is âridiculous.â
âWe anticipate being able to give people some sense of where weâre moving on this in the very immediate term,â she said.
When pressed on whether âimmediate termâ means an announcement in coming days, Notley said yes.
As it stands now, the Alberta premier said the low price of oil is starving the economy of roughly $80 million a day.
âWe need to fix that, and thatâs why weâre calling on the federal government to help us, even in the medium term, with this problem.â
On Wednesday, Notley announced her governmentâs plan to buy its own rail cars in order to get Alberta oil to market.
She made the announcement in Ottawa, where she did not meet with the prime minister and received no federal commitment to help with the planned rail purchase.
But the government insisted theyâre helping in other ways.
âWe are focused on ensuring that every barrel of Alberta oil gets its full value. That is why our Government has made addressing this national issue - and increasing market access in general - an urgent priority,â Vanessa Adams, press secretary to the natural resources minister, said in a statement provided to CTV.
Adams pointed to government support for Keystone XL, Line 3 and the Trans Mountain Expansion Project as evidence of this commitment.
Despite these reassurances, the feds having been facing frosty receptions of their own when theyâve ventured to Notleyâs province in recent days.
Both Finance Minister Bill Morneau and Prime Minister Justin Trudeau faced protesters chanting âbuild that pipe now,â when they travelled to Alberta in the last week.
Despite the bubbling tensions between the federal government and Albertans, Notley said the feeling of alienation from Ottawa is nothing new.
âI think Albertans have always felt that no matter what the government is and who the government is,â she said.
âWeâre just far enough away that our issues arenât front and center.â
The leader of the opposition in Alberta, Jason Kenny, disagreed with the Alberta Premier when it comes to the severity of the frustration in the province.
âThis is a real threat. Iâm talking to buttoned-down, experienced, old hands in the energy sector. Theyâve seen ups and downs â theyâve never seen anything like this before,â he said.
Kenney floated his own plan for addressing the oil price differential in a press conference Wednesday. He suggested the Alberta government cut oil production by 10 per cent â about 400,000 barrels per day.
âI hope that the premier will listen to what the industry is saying and take our idea in good faith,â he said.
Still, Notley said sheâs holding out hope that the federal government will join forces with Alberta in its efforts to get oil to market.
âWe remain hopeful that they will reconsider,â she said.