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Albertans can be forgiven for thinking we are being picked on.

On Wednesday, the Petroleum Services Association of Canada (PSAC) revised downward its forecast for the number of oil wells that will drilled be in Alberta this year. Instead of 3,532 wells, PSAC now estimates just 2,425 wells will be drilled in our province – one-third fewer.

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So why the new pessimism? Weren’t things supposed to get better when the UCP became the provincial government?

The short answer is: The Liberals are still in charge in Ottawa. That’s why things remain so bad for the energy industry.

The organization’s CEO, Gary Mar said “news of the Trans Mountain pipeline expansion being approved for a second time following its purchase by the Government of Canada has not restored investor confidence in Canada. Concerns remain that it will not be built in a timely fashion.” And “with the passage of Bills C-69 and C-48 by the federal government, support for this industry in Canada is in question.”