Canada’s Oil Crisis Is Far From Over

Alberta decided to extend its mandatory production cuts through the end of 2020 because of a lack of pipeline capacity. The former New Democratic Premier Rachel Notley imposed the curtailments, but the current United Conservative Premier Jason Kenney is extending them. “We’re doing this because we have to. In the short term, we don’t have the capacity to move the production,” Alberta Energy Minister Sonya Savage told reporters in Calgary. The cuts were controversial, but succeeded in trimming the supply glut and sharply…