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A natural tension exists between encouraging oil and gas utilization to support oil and gas producers and recognizing that Albertans are also consumers. In Canada, the oil and gas industry is not nationalized and we are fully subject to international price swings. There is a need to diversify the economy and protect businesses and consumers from the volatile boom/bust cycle related to oil and gas.
The Province of Alberta is the world’s second largest exporter of natural gas and its fourth largest producer, producing about five trillion cubic feet of natural gas per year. However, while Alberta has a vast potential of bitumen sourced oil, including an estimated ultimate recoverable potential of 6,276 billion cubic meters untapped “unconventional gas, its natural gas production peaked in 2001. According to the ERCB, Alberta's marketable production of natural gas declined by about 15% over the past decade, even while the number of active gas wells more than doubled. In their 2008 Report AJM Petroleum Consultants estimated that world production will decline by 3% per year, with a 2% growth in demand and that Alberta's geology has a relatively low potential for shale gas plays. . As readily available sources of oil and gas become increasingly difficult to extract with higher input costs, and where world demand outstrips supply, it is reasonable to presume that costs will dramatically increase and that there will be supply issues.
In 2008, the Government of Alberta adopted a balanced Energy Vision for Alberta’s future to be “A global energy leader, recognized as a responsible world-class energy supplier, an energy technology champion, a sophisticated energy consumer, and a solid global environmental citizen”. (Launching Alberta’s Energy Future: Provincial Energy Strategy, @p.20) However, in practical terms, the Government of Alberta has focused on energy production and resultant technology, and has not gone far enough in developing, promoting and supporting initiatives and those businesses that encourage energy efficient consumerism.
There are three key strategies to encourage energy efficient consumerism:
Consequently, the Red Deer Chamber of Commerce recommends that the Government of Alberta:
March 13, 2014
Mentoring Breakfast - Alasdair MacKinnon - Communication
"Communication is Serious Business" Clear and effective communication in the workplace and in our personal lives is fundam...
March 25, 2014
Business After Hours
Hosted by: Red Deer Regional Health Foundation ...
March 27, 2014
Chamber Luncheon - Doug Horner
Speaker - Minister Doug Horner “Join Minister Doug Horner as he discusses Budget 2014 and next steps in the Building Alberta Plan, the impo...