[Praxeologue]

Bottom line, it would cost a lot more money to build a new infrastructure along with the new refinery compared to building the pipeline to the existing infrastructure.

The flip side is that, should Alberta ever build out refinery capacity for its production, then the Texas advantage will disappear. This is analogous, perhaps, to the potential decline of the U.S. dollar as a reserve currency.

[thackney]

The flip side is that, should Alberta ever build out refinery capacity for its production, then the Texas advantage will disappear.

The same issues we are debating for the crude oil / bitumen pipeline will apply to a gasoline / diesel / Jet fuel pipeline.