Canada Ping!
Posted on 07/30/2013 8:50:41 PM PDT by Squawk 8888
President Obama’s latest smug comments on the Keystone XL oil sands pipeline suggest the Canadian project’s odds of being approved under his watch are waning.
Thankfully, Canada hasn’t stood still while the U.S. President dithered.
So many new pipeline options have emerged that Keystone XL’s relevance is diminishing as each one gains momentum.
Sure, it will be hard to fill Keystone XL’s void and promise over the short term — perhaps a couple of years around 2016 and 2017 until new pipeline options are up and running.
But over the long-term, Canada is better off fast-tracking oil market diversification to global markets that are not beholden to U.S. anti-oil interests and that remain very motivated to buy Canadian supplies.
Two all-Canadian options — TransCanada’s Energy East project from Alberta to New Brunswick, and pipelines from Alberta to the West Coast — made big leaps forward in the past few days.
On Friday, TransCanada, the Keystone XL proponent, said it’s optimistic about its Energy East project, involving a conversion to oil service of its gas Mainline that could start delivering Alberta oil as far as New Brunswick in 2018. TransCanada said it plans to finalize agreements with prospective shippers in the next two weeks. Energy East would single-handedly replace Keystone XL, which would not be ready to move oil until 2016 even if approved by the end of the year.
Also on Friday, Alberta’s Alison Redford and British Columbia’s Christy Clark announced after the premiers’ annual meeting in Niagara-on-the-Lake that they would work together to “build new markets and get the highest price possible for the resources owned by the people of our two provinces.”
(Excerpt) Read more at nationalpost.com ...
Canada Ping!
Just like in all other things, as obastard dithers and smothers hope in this country the rest of the world will pass us by and laugh at our folly.
The Canadians can only wait so long. Don’t blame them for moving on.
Exactly. Right now Canadian oil is selling at a 30-40% discount because of problems moving it to market. Obama’s delays are hitting both countries hard.
Is selling to the Chinese still a viable option?
He’ll handle it in the Chicago fashion, finding some other way to pressure Canada.
NO! WE DON’T NEED Keystone pipeline..
“WE” need to develop our own shale and tar sands project(s)..
MAybe a spur is needed to a railroad.. thats it..
Why pay CAnada for oil we have domestically..
Oh yeah. The horse is about the leave the barn and king hussein will be promoting more wind mills (cuisinart for birds) and solar panels that cover miles of desert despite the desert tortoise lovers agenda. He sure is one smart fella. NOT!
That’d be fine, except that Obama is even MORE hostile to development of domestic oil resources.
That’d be fine, except that Obama is even MORE hostile to development of domestic oil resources.
I didnt say it was doable only that it was needed..
The Coup is complete.. The Obama Junta owns the federal givernment..
He even owns the military... FBI, CIA, IRS, and the Networks..
He has put Obamnoids in every high ranking position..
Lord knows who else he “controls”.. by intimidation and open threat..
Theres ONLY one chance of logic taking shape.. SUCCESSION of several States..
One State will not do.. even Texas..
Do I see that happening?.. NO!..
The Apathy is too great.. and ignorance of civics too profound..
BUT A STAMPEDE OF the sheep might make it interesting for something else to happen..
A lot of wolves can be killed in a stampede.. but the right wolves at the right time is the question..
Until then mutton is served nightly..
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.