Letter from Canada: Alberta’s oil sands in the rifle hairs
The Alberta government and Western Canadian oil industry love to blame Prime Minister Justin Trudeau and the federal government for the lack of oil pipeline capacity leaving the region, but in fact they should largely blame themselves
Former Alberta premier Peter Lougheed—whom many older Albertans consider their best-ever premier—began warning the province and industry to go slow on oil sands development in the middle of the 2000s for several reasons, including skyrocketing costs and environmental damage. Higher costs meant lower revenues for Albertans given the structure of the royalty regime, while Lougheed was concerned rapidly rising greenhouse gas (GHG) emissions and other environmental damage to land and water would put a bullseye on the oil sands industry. But, rather than heeding Lougheed’s advice, the premier of Alberta at the time, Ralph Klein, adhered to the wishes of industry instead, allowing oil sands projec
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






