Alberta Chamber of Resources AGM and Luncheon

[CHIMO]

The barrel of bitumen that sells for $25 would sell for $53 when upgraded to synthetic crude oil. When refined into gasoline, that barrel would sell for $81. And if processed into styrene, it would command a price of $190 a barrel.

Our projections are that the kind of complex I’m talking about would generate an additional $50 billion per year in Alberta’s gross domestic product.

Developing the value-added upgrading sector would also make Alberta’s economy more resilient to the usual ups and downs of the resource sector.

That means long-term growth and prosperity that would benefit everyone in this room, and everyone in this province.

http://www.gov.ab.ca/premier/dsp_speech.cfm?content=225&Year=2006

So now it is becoming apparent that that liberal Kline is being moved out. He wants something that he has no right to ask for.