Regina – 18 June 2013: A lack of pipeline capacity in North America is costing the Canadian economy billions of dollars a year.
In order to draw attention to the significant loss of economic opportunity in the prairies, today the Frontier Centre for Public Policy is the launching a digital counter on its website.
The counter measures the price differential between Alberta’s Western Canadian Select (WCS) oil and other recognized benchmark prices, multiplied by the daily projection on the number of barrels exported from the province.
Calculated from the start of the year onward, the counter advances in increments of $865 dollars a second, reflecting the sizeable loss to the Canadian economy in a dramatic up-to-the-second visual way.
“The lack of pipeline capacity in North America is a serious problem for the Canadian economy, and needs to be urgently addressed,” says Nick Lazic, vice president of exploration with Saskatchewan-based Spectrum Resource Group.
Anyone concerned about the future of the Albertan and Canadian economies will realise the importance of this issue, and we encourage them to share this vivid animation to help draw attention to the issue.
The electronic calculator is available on the Frontier Centre’s website, here:
For media enquiries and further information, please contact:
Frontier Centre for Public Policy
1 306 501 9594