 Europe softens stance on Canada�s oil sands as relations with Russia sourBusiness | 206835 hits | May 06 10:51 pm | Posted by: N_Fiddledog  As Europe reels from Moscow�s belligerence and utter dependence on its oil and gas supplies, the Harper government is positioning itself as a reliable partner ready to offer energy security to the continentCommentsview comments in forum Page 1 2 You need to be a member of CKA and be logged into the site, to comment on news. |
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In the meantime, the best we get is to ship it to the US, and then from their ports.
And they of course will take the middleman cut, for doing very little.
See how stupid we are ?
Ahh, the almighty dollar continues its reign....
Wouldn't it be the euro in this instance?
To quote a phrase from Canada's NEP days, let the bastards freeze in the dark.
the problem is price. Have things calm down a bit and the Europeans will go back to buying the cheapest energy they can, while we are stuck paying for infrastructure that brings in no revenue. And we are no different in Canada - if it was a choice between paying more for secure energy from a friendly country or getting a deal from an enemy, you know which way we would go. Don't we now import middle eastern oil for eastern Canada? What's up with that?
What's up with that is your very point, exactly. It is cheaper for us to bring tankers full of oil from the Middle East (mostly it comes from the Gulf of Mexico) than to pump it "over the hump" of the Upper Lakes from Western Canada. That is why there has never been an oil pipeline built to the East. It isn't good economics to do so. Trans Canada has just announced that they are finally going to do it, decades later but my suspicion is that it is an alternate export route to the States in case Keystone goes funny. The pipeline to Eastern Canada is "Plan B" but it really isn't for our benefit. If it's about the Eastern Canadian consumer, the best deal is still oil from Mexico, Venezuela and yes ... the spot market which may mean Iran, sometime.
p.s. Ontario still produces a dribble of oil. The little oilfield around Petrolia Ontario was the first one on this continent so it is really played out by now. There is still lots of gas production around and under Lake Erie, though.
By any chance could you be talking about this?
Eastern Access: The $2.7-billion Eastern Access suite of projects establishes a path for Western Canadian and Bakken crude oil to access refineries in Eastern Canada and the midwest and eastern U.S. For example, by reversing the flow of Enbridge's existing Line 9, Ontario and Quebec refineries will have access to lower-cost Western Canadian feedstock (Ontario and Quebec currently derive 18 and 90 per cent of their crude, respectively, from higher-priced offshore sources, respectively). In-service dates for Eastern Access projects range from 2013 to 2014.
https://en.wikipedia.org/wiki/Enbridge
They're reversing the flow of an existing line, and building up where it's weak.
Did it cross your mind that the fact Bakken and the oilsands are relatively new or expanding sources with more western energy sources coming online from Frakking might explain why they might want to reverse the flow?
Also...
�The increased reliability of throughput on our system,� notes Enbridge President and CEO Al Monaco, �will provide our customers with assured service to key markets.�
Ultimately, the L3R Program would better serve the current and future petroleum requirements of the general public, who are dependent on refineries to meet their refined petroleum product needs. At the same time, the L3R Program would reduce the frequency and magnitude of ongoing maintenance activities that would otherwise occur in order to maintain the safe operation of Line 3.
And on top of the big-picture economic benefits, the construction phase of the L3R Program itself will provide an economic boost by creating thousands of jobs and generating hundreds of millions of dollars in tax revenue.
http://www.enbridge.com/Viewer?id=BF86F ... 2814932EF2
What are you babbling about, now? Alberta oil costs less until you pump it uphill.
Where did you hear that Jabberwalker? Greenpeace.
What are you babbling about, now?
You may have missed this. - Did it cross your mind that the fact Bakken and the oilsands are relatively new or expanding sources with more western energy sources coming online from Frakking might explain why they might want to reverse the flow?