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Ground shots showing the bitumen flowlines from a SAGD well pad to the the Central Processing Facility at Nexen's Long Lake Phase 1 integrated oil sands facility in Fort McMurray, Alberta.
Ground shots showing the bitumen flowlines from a SAGD well pad to the the Central Processing Facility at Nexen's Long Lake Phase 1 integrated oil sands facility in Fort McMurray, Alberta.
(Dave Olecko/)

Alberta's oil patch can take comfort in bitumen balance

Alberta’s bitumen bubble now seems almost like a relic, but that doesn’t mean growing production of heavy crude oil is free of price risk.

Today, the market for the gooey crude looks well supplied and well bought, a boon to producers as well as to the Alberta government, which is dealing with enough political intrigue as the Tories seek a new leader and try to vanquish the ghost of an old one without adding oil-fuelled economic problems.