• Is That OPEC Cutting the Oil Supply? No, It's Canada

    5 monthes ago - By Washington Post

    The government of the western Canada province of Alberta is imposing a 325,000 barrel-a-day cut on oil producers, an extraordinary intervention in one of North America's biggest energy markets. The measure wasn't entirely unprecedented: Alberta's government ordered production cuts in the 1980s to protest federal energy policies. But the production quotas that are a hallmark of the Organization of Petroleum Exporting Countries are a strange fit in a free-market economy.
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