Bitumen Bubble is how Alberta Premier Alison Redford described the differential between the price of oil in the global markets and what the province gets for its crude. Redford coined the term 'bitumen bubble' in early 2013, as she tried to explain why Alberta's coffers were fast running out of cash, setting the stage for one of the most controversial provincial budgets in recent memory. Selling oil sands bitumen for much less than the government expected means provincial coffers are taking in much less cash than was forecast.
Proposed pipelines, such Keystone XL and Northern Gateway, are some of the solutions being touted to address the 'Bitumen Bubble.'
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