Alberta oil can be a solution to U.S. energy supply crunch - minister
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[March 07, 2022]
By Arathy Somasekhar
HOUSTON (Reuters) - Alberta, Canada's main
oil-producing region, can help alleviate the global oil supply crunch
caused by energy disruptions, Alberta energy minister, Sonya Savage,
said on Sunday.
Alberta has some spare pipeline and rail capacity and can move more oil
to the United States, Savage said in Houston ahead of the CERAWeek
energy conference by S&P Global. Oil prices in Monday trading in Asia
have soared to $128 per barrel, up from about $83 per barrel in January. |
![](news_g13.jpg)
Hon. Sonya Savage, Minister of Energy, Government of Alberta, speaks at
the expansion of the Canadian government-owned Trans Mountain oil
pipeline advanced to a new construction stage, in Acheson, Alberta,
Canada December 3, 2019. REUTERS/Candace Elliott/Files |
"We
are the solution, not Venezuela and others," Savage told
Reuters, an apparent reference to U.S. sending a delegation to
Caracas last week to discuss an easing of U.S. oil sanctions.
She also said it was "unconscionable" for any nation to be
buying Russian crude oil or refined products in light of its
invasion of Ukraine.
Oil buyers have been shunning oil cargoes from Russia, one of
the world's largest petroleum exporters. Russia exports 4-5
million barrels per day (bpd) of oil and 2-3 million bpd of
refined products.
Savage said the United States should ban imports of Russian
crude oil and refined products.
Canada last week banned Russian crude oil imports and agreed to
supply anti-tank weapons to Ukraine to counter the Russian
invasion.
Russia calls its actions in Ukraine a "special operation".
(Reporting by Arathy Somasekhar and Marcy De Luna in Houston;
Editing by Tom Hogue and Kenneth Maxwell)
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