Pipelines Are Essential When Oil Prices Drop

says an oil lobby group:

Tumbling crude prices have made building new pipelines more important than ever for Canadian oil and gas producers because the fate of some projects hinges on shipping costs, the head of the industry’s main lobby group said on Wednesday.

Canadian companies have long complained that the industry suffers major lost revenue because their oil, Western Canadian Select, is at times sold at a discount of up to $40 per barrel to Western Texas Intermediate crude.

More recently Canadian heavy crude has been trading at a discount of $15 a barrel.

The industry hopes new projects giving them expanded access to U.S. and Asian markets, such as TransCanada Corp’s Keystone XL pipeline and Enbridge Inc’s Northern Gateway project, would reduce this gap.

  • BillyHW

    Keystone XL could have been built by now but our women keep voting for faggots.

    • El Martyachi

      Or is it faggots voting for women? #NDPAlberta

  • Alain

    Pipelines are the only safe way of transporting oil, so the government needs to get on with it. No more tolerating foreign enemy funding to wreck our economy, and that includes the leftist Yanks. This has been an attack on our national sovereignty from the get-go, and it needs to be stopped.

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    • El Martyachi

      PUNGESTI, Romania — Vlasa Mircia, the mayor of this destitute village in eastern Romania, thought he had struck it rich when the American energy giant Chevron showed up here last year and leased a plot of land he owned for exploratory shale gas drilling.

      But the encounter between big business and rural Romania quickly turned into a nightmare. The village became a magnet for activists from across the country opposed to hydraulic fracturing, or fracking. Violent clashes broke out between the police and protesters. The mayor, one of the few locals who sided openly with Chevron, was run out of town, reviled as a corrupt sellout in what activists presented as a David versus Goliath struggle between impoverished farmers and corporate America.

      “I was really shocked,” recalled the mayor, who is now back at his office on Pungesti’s main, in fact only, street. “We never had protesters here and suddenly they were everywhere.


      • Does Russia think people in Canada can’t do basic research?

        This is what happens when you legitimise a country that kills off its own intelligentsia.