Alberta Oil has a problem, buying high and selling low!▪ The gap between Western Canada Select (WCS) and Brent pricing is widening and is costing the Canadian economy some $18 billion annually. ▪ Right now there are few alternatives in getting Alberta Oil Sand bitumen to tidewater and Brent North Sea pricing. ▪ Jim Prentice, Vice Chairman of the Canadian Imperial Bank of Commerce and a former cabinet minister in the Federal Government, says that "the problem is Canada does not have pipelines to world markets on a East/West Axis." ▪ There is trouble in Alberta right now. The S&P TSX Energy index is down 10.7% YTD and 18.5% for the past 52 Weeks. ▪ The significant reduction of "net backs" to Alberta oil producers is causing major adjustments to corporate market capitalization and dividends are also being cutback big time. ▪ Canada and Alberta need a Canadian solution to resolve this dilemma and the answer is Enbridge's Northern Gateway Pipeline, an all Canadian project. Proposed Private Equity Fund offered by |