I would still much rather see processed oil being shipped, rather than unrefined...
all options must be reviewed. I still think that the first option is to pipe it to eastern Canada where they can refine, generate electricity, and sell those end products into the US northeast.
I think there are a few under used gas lines being set up to ship oil to eastern Canada as well..... Eastern Canada imports oil at world prices and the lines are allready there.
Canada actually imports more oil than we use from domestic supply. Importing a barrel of oil to Canada actually has a 'net negative effect' on canadas economic developement.... Before you all freak out Mark Carney said that, lol
Oh, I agree. I was under the impression the delay was the regulatory approval for reversing the pipeline from Sarnia to Montreal? Not sure if there is a pipeline from Montreal to New Brunswick though?
Has the pipeline from the west to Sarnia been reversed yet?
I have no clue... I just heard a breif tidbit in the news about the pipelines to be reversed.It would be interesting to find out more.
I do know as an oil producing nation it is negative to the economy to ship currency out to import oil in especially when Canadian oil is cheaper. The outflow of money exceeds the inflow from exporting the barrels of domestically produced barrels and both partys get nailed on shipping costs.... We export 2 million barrels and import a million barrels or so.... We get burdened by the ex tra shipping costs of 1 million barrels then get nailed again because the oil is more expensive.... Probably even pinches refiners margins
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