Alberta Premier Alison Redford warns of a “bitumen bubble” squeezing the province's finances and...

|By:, SA News Editor

Alberta Premier Alison Redford warns of a “bitumen bubble” squeezing the province's finances and underscoring the severity of the economic pressure from sharply falling prices for Canadian crude. In 2011, Alberta's energy minister warned that if new pipelines weren’t built, Alberta would be "landlocked in bitumen" by 2020; based on Redford’s warning, the day of reckoning may be coming much sooner.