Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost prices
CALGARY, Sept 19 (Reuters) - Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast.
https://www.reuters.com/markets/commodities/canadas-trans-mountain-pipe-expansion-disrupt-oil-flow-us-boost-prices-2023-09-19/
The Canadians have already made other arrangements.
Everyone needs to watch the video on YouTube I just watched.
It was posted yesterday by China Observer.
It is titled:
Finished! Unable to Sell Anything, Domestic Demand Dead, 70% Low Priced Overseas Dumping.
It is all about how bad the domestic economy is in China. So bad, that they can’t sell basic items like clothing and cars.
They have been planning this pipeline for years.
That is because there is only ONE pipeline currently going west from Alberta.
That pipeline currently goes to Vancouver.
It is being doubled in size too.
The eventual effect the construction of both pipelines will have is to lower the cost of oil on the Pacific coast of the US and Canada.
This is bad news for the oil producers in Alaska.
It is good news for consumers in WA, OR, Idaho, CA, Japan, South Korea, China and other places reached by oil tankers in the Pacific.