Keystone XL no longer crucial for Canada's oil exports

mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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Keystone XL no longer crucial for Canada's oil exports, says natural resources minister

The prospect of the Keystone XL pipeline being approved by the incoming Trump administration will have little effect on Prime Minister Justin Trudeau's plans to get Canada's oil to market.

Federal Natural Resources Minister Jim Carr says Canada has moved on to a whole different plan for its oil exports, and the once crucial Keystone XL pipeline has become less of a priority.

"It doesn't get oil to export markets in Asia," said Carr as he left his government's cabinet meeting Tuesday.

"It's a goal of the government of Canada to expand its export markets."

President-elect Donald Trump has promised to grant a permit to TransCanada's Keystone XL project that would carry more than 800,000 thousand barrels of oil a day from Alberta to refineries in Texas. President Barack Obama rejected the pipeline last year.

Almost all of Canada's oil is currently being exported to the U.S. Pipelines that carry oil from Canada are at capacity, so a lot of it is going by rail. Canadian oil also faces a significant discount in U.S. Midwest refineries because it's heavier and more expensive to refine than light crude.

Carr said his government wants to take a new approach.

"I think that if you listen to what the prime minister has said about moving our resources sustainably, the importance of responding to the demands in other export markets, and not to solely rely on one major market," he said. "That is the sensible approach to take and nothing has changed."

Keystone XL no longer crucial for Canada's oil exports, says natural resources minister - Politics - CBC News
 
Locutus

Locutus

Adorable Deplorable
Jun 18, 2007
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Liberal minister Jim Carr spends nearly $1,800 on hockey outing | Globalnews.ca



"Ooohhh!!!!! JIMMY'S DOWN."
 
Cannuck

Cannuck

Time Out
Feb 2, 2006
30,245
99
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Alberta
Alberta doesn't care what the federal Liberals think now that we can move our oil south instead of east and west. The ROC had its chance and diddled themselves. One more thing added to the list of things we no longer need easterners for. Makes a guy wonder why we keep you around anyway
 
J

JamesBondo

House Member
Mar 3, 2012
4,158
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The single most important oil issue in the east is security of supply.

Our oil is currently being sourced over seas, and brought in by oil tanker. If there should be a crisis that effects world supply, we would have to compete for the very same tankers that others are competing for...we may even have to suffer and endure the same oil tanker delivery shortages that other countries are experiencing...

The east would be in the dark...meanwhile our fellow canadians to the west of us would not be able to sell to us( not even at full market value) because the politicians seem to be more concerned about the political correctness of blocking new pipelines than they are about security of supply to ALL provinces.

We had the insight to build a transcanada highway and a transcanada railway, when is everyone going to wake the hell up and realize that we need a transcanada utility and energy corridor?

Justin Trudeau needs to break ranks with some of his supporters on this issue. He needs to make a transcanada pipeline happen. This is too big of an issue to ignore.
 
lone wolf

lone wolf

Grossly Underrated
Nov 25, 2006
32,493
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In the bush near Sudbury
Ontario Northland's car shops are busy refitting tankers to higher standards. I'd still prefer a new pipe for Energy East ... but if they re-track the Chalk River Sub, I'll get to see some rail action until then
 
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