Everyone has been arguing about the Keystone pipeline, but the oil business goes on. Money will find the path of least resistance and oil means money. Kinder Morgan said it will begin an expansion of its Trans Mountain pipeline from Edmonton to Vancouver to ship oil to the Far East. The origin will be the same region which was supposed to be the beginning of the Keystone pipeline, the Canadian oil sands. The volume on this expansive would increase from 300,000 to 850,000 barrels a day. Enbridge is planning a similar pipeline. Both of these pipeline will not
be ready by 2017 but it will change the dynamics of oil in North
America.
In 2011, only 1.65% of Canadian exports went to a destination other than the US. The Canadian are sending a strong signal. If you do not want our oil, we will sell it to someone else.
In 2011, only 1.65% of Canadian exports went to a destination other than the US. The Canadian are sending a strong signal. If you do not want our oil, we will sell it to someone else.
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