20-11-2018 14:00 via edmontonjournal.com

Editorial: No quick fix to oil glut

You know things have hit rock bottom in the oilpatch when two of the industry’s big players are practically begging for government intervention.
But unlike certain aircraft companies and automakers in Quebec and Ontario which have benefited from billions of Canadian tax dollars, Cenovus and Canadian Natural Resources are not asking for bailouts, sweetheart loans or subsidies.
They’re pleading for the province of Alberta to impose production cuts on their own industry to reduce a glut
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