Be Careful What You Wish For: Alberta’s Gas Price Shift
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Alberta has spent years arguing that natural gas was undervalued because it was trapped in a basin with too few outlets. That argument was always partly right. The Alberta Energy Regulator says the average AECO-C price was only $1.45/GJ in 2024, down 47% from 2023’s gl...
This article presents a critical juncture for Alberta, revealing a deeply embedded paradox: a province that simultaneously sought to export globally valuable natural gas while simultaneously benefiting from its local, discounted supply. The core pattern here is a classic ‘captive basin’ trap – a system built on unsustainable exploitation of regional resources, dependent on a constant stream of artificially low pricing. The recent rise in gas prices isn’t simply a market fluctuation; it’s the unr...
