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    Canada to release additional 140K barrels of oil per day starting in April
    Canada

    Canada to release additional 140K barrels of oil per day starting in April

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    22 Comments

    1. cyclinginvancouver on

      The Natural Resources Minister’s office told Global News the increase in Canada oil is not a part of any emergency production. Instead, the additional barrels will come from already planned increases to production from Alberta’s oil sands.

    3. shiftless_wonder on

      >On late Friday, Natural Resources Minister Tim Hodgson promised that Canada would contribute 23.6 million barrels as a part of the IEA’s plan to have oil-producing countries release an unprecedented 400 million barrels.

      >The Natural Resources Minister’s office told Global News the increase in Canada oil is not a part of any emergency production. Instead, the additional barrels will come from already planned increases to production from Alberta’s oil sands.

      The federal government[ is helping](https://www.reddit.com/r/GuysBeingDudes/comments/1q0e21v/without_him_the_subway_might_not_be_able_to/) to ‘release’ more oil to the world.

    4. Little-Chemical5006 on

      Would be nice if we can use this “crisis” as a reason to fast track project for the sector

    5. janaesso on

      So we aren’t really doing anything other than what we were going to do already. But now they get to crow about it as if they did something amazing.

    10. Hup3DOhWow on

      How about we stem our consumption of oil and go nuclear power?

      Mandate work from home like during Covid?

      Oh wait. We gotta be slaves.

    11. stugautz on

      Here me out everyone: we bring back the remote work mandate to conserve oil for export. It’s in everyone’s best interest and a sacrifice we all have to make.

    12. isabelletremblayoff on

      And yet, lo and behold, we won’t see the prices go down, but keep going up. 🙄

    13. Leotard_Cohen on

      Phew, what a relief we didn’t tranasition away from oil and gas or anything like that. Where would we be now!?

    14. oldbutfeisty on

      There’s a very large refinery in eastern Canada, but our wise government decided that Quebec shouldn’t be irritated so the pipeline project died. They were even prepared to build a second refinery to process all the crude.
      Thanks, Justin.

    18. TaBioN777 on

      Just to be clear, the Strait of Hormuz carries 20 million barrels a day. We aren’t releasing anything, it’s just reduction in down time for current production to be a droplet in the flood that is globally required. What they actually need to do is invest in the ability to produce more.

    19. Ottawadriver123 on

      Good to know but don’t think it will help for long. See gas going up to $2 a liter? Could be by end of March to April.

      The cause of the prices going up isn’t going to be over anytime soon imho. It might drag on for a long time.

      Summer-grade gas typically starts appearing at pumps in Ottawa and throughout Ontario by April 15.

    20. EP40glazer on

      We need to get a pipeline built ASAP. We got that bill that lets the government remove a bunch of restrictions for building pipelines so hopefully that’s used to build some with the absurdly high oil prices.