The Prime Minister of Alberta, Rachel Notley, has called on the federal government in Ottawa to supply more rail cars to transport the province’s rising crude oil production to refineries as part of efforts to tackle an uncomfortably deep discount between Western Canadian Select and WTI resulting from the lack of pipeline capacity. CBC quoted Notley, who spoke after a meeting with Albertan energy industry representatives, as saying “The best and only long-term solution to the price gap is building new pipelines. In the meantime, however, we need to take a close look at the tools available to us to close the differential where it’s feasible. Like, for example, increasing the efficiency and availability of rail capacity to move our products.” As of this morning, the discount of Western Canadian Select —the benchmark price of oil from Canada’s oil sands delivered at Hardisty, Alberta—to West Texas Intermediate had extended […]