Trump Presidency Could Be Good For Canadian Oil


Locutus
+2
#1  Top Rated Post
And more. Much more.

Trump’s presidency could benefit Canada’s oil industry in no small way, one commodity investment adviser has told the Globe and Mail. According to Tim Pickering, Trump’s ambition to put a stop to imports from OPEC and make the U.S. self-sufficient in terms of energy is exactly what would help Canada’s struggling oil economy.

If Trump stays true to his promise for energy independence, it won’t happen overnight, and the most logical alternative to OPEC imports would naturally be Canada. The U.S.’ northern neighbor has suffered a serious economic slowdown because of the international oil price rout.

Canada’s latest GDP reading for August revealed an uptick of 0.2 percent, largely thanks to the recovery in oil prices as well as mining activity. However, it remains susceptible to further fluctuations in oil prices, which may be on the way as the OPEC meeting at the end of the month nears. Those expecting a production cut agreement are losing hope, and prices could once again take a nosedive should OPEC efforts fail.

If Trump-led America does turn to Canada for any oil it can’t produce itself, this would be good news for another industry segment as well: pipeline operators.

The president-elect said during his campaign that he would reopen the approval procedure for the controversial Keystone XL project that incumbent Obama vetoed. Right after the vote, the CEO of Energy Transfer Partners, the company behind the Dakota Access pipeline project, told Reuters Trump’s victory was “…favorable not only for our project, but for future infrastructure projects that have been vetted and reviewed as thoroughly as ours has been.”

The oil markets have already reacted to the Republican win of the presidential vote, with WTI recouping the losses sustained during voting day and settling at the highest in a week, at US$45.27 a barrel. The rise came despite another inventory build reported by the EIA.


Trump Presidency Could Be Good For Canadian Oil | OilPrice.com

Trump Likely To Slash And Burn Obama’s Climate Policy

les nice comments:

He's going to have allot of resistance from Nutley, Turdeau and Quebec - as far as they're concerned, nobody f*cks with Saudi Oil, the EU, the UN, or James Cameron - NOBODY!

The column only touches on one aspect that is good for Cdn o&g. There are also these:


1. The end of the Iran "treaty" putting Iranian oil production on a backward slide
2. The end of carbon regulation
3. The end of planned increases to Cafe standards - Meaning Americans won't be forced to by more fuel efficient cars
4. The end of support for evs - see point 3.



Drill Baby, Drill - Small Dead Animals
 
Danbones
Free Thinker
+1
#2
Canada already is the biggest supplier to the US of oil
looks like 3 times more then the sauds
https://www.eia.gov/dnav/pet/pet_mov...0_mbblpd_a.htm
how come we aren't three times as wealthy?
 
petros
#3
That's obvious.
 
Danbones
Free Thinker
#4
rhetorical question
 
Cannuck
No Party Affiliation
#5
Albertans will remember all the help the R.O.C. has given us.
 
Danbones
Free Thinker
#6
yeah, without the rest of canada, you couldn't even get that oil
 
Cannuck
No Party Affiliation
#7
Quote: Originally Posted by Danbones View Post

yeah, without the rest of canada, you couldn't even get that oil

Um... sure...
 
Mowich
Conservative
#8
Quote: Originally Posted by Cannuck View Post

Albertans will remember all the help the R.O.C. has given us.

Hold onto that thought and the next time one of your communities is engulfed in a raging inferno, the ROC may not be so quick to open their checkbooks and wallets to the Red Cross, the SPCA, the Canadian Firefighters Association, etc, etc. The ROC did all they could to come to your aid you whinging little ninny.

Blame your government. Blame the Feds and the other ninnies that put them in power.

But don't you dare put the blame for your failing economy on the ROC.
 
Danbones
Free Thinker
#9
Oil and gas sector says investment will drop by $50B
Oil and gas sector says investment will drop by $50B - Business - CBC News
I guess the ROC pays your welfare there can'tnuck
 
Cannuck
No Party Affiliation
#10
Quote: Originally Posted by Danbones View Post

Oil and gas sector says investment will drop by $50B
Oil and gas sector says investment will drop by $50B - Business - CBC News
I guess the ROC pays your welfare there can'tnuck

Typical leftard quoting the CBC. Why don't you just tell us what David Suzuki thinks.

Quote: Originally Posted by Mowich View Post

Hold onto that thought and the next time one of your communities is engulfed in a raging inferno, the ROC may not be so quick to open their checkbooks and wallets to the Red Cross, the SPCA, the Canadian Firefighters Association, etc, etc. The ROC did all they could to come to your aid you whinging little ninny.

Blame your government. Blame the Feds and the other ninnies that put them in power.

But don't you dare put the blame for your failing economy on the ROC.

We don't care what the fest of Canada thinks. Go **** yourselves.
 
Mowich
Conservative
+1
#11
Quote: Originally Posted by Cannuck View Post

We don't care what the fest of Canada thinks.

We weren't discussing the 'fest' of Canada, we were discussing the ROC.

Quote:

Go **** yourselves.


 
Danbones
Free Thinker
#12
Quote: Originally Posted by Cannuck View Post

Typical leftard quoting the CBC. Why don't you just tell us what David Suzuki thinks.

*Oil and gas sector* says investment will drop by $50B
*Canada's energy industry* says it's facing its biggest drop ever in capital spending

"Capital spending in Canada's oil and gas industry will drop by more than half — $50 billion — by the end of 2016 as compared to 2014, according to a forecast released by
*the Canadian Association of Petroleum Producers.*"
http://www.cbc.ca/news/business/oil-...lion-1.3524684

"the Canadian Association of Petroleum Producers."

keep jerking off
debating is not your strong suit...its more like your underwear
or possibly your sock
 
tay
#13
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."

Carr's comments show that the Keystone XL project is no longer the only option or even the best option, according to Jennifer Winter, scientific director of energy and environmental policy at the University of Calgary.

She thinks the priority for the Canadian government now is focusing on pipeline projects on its own soil and the markets it wants.

"Oil producers would prefer to have Keystone rather than no Keystone, the issue is where do Canadian producers want to send oil?"

"The change is the idea Asia is a much more important market, and a few years ago when [prime minister] Stephen Harper was talking about Keystone, the U.S. looked like the best market for Canadian oil," Winter said. "China is going to be a much bigger growth market and therefore substantially more attractive."

Canadian oil producers seem to be taking a similar approach.

"The United States is our industry's largest customer, but also our largest competitor, and we will continue to advance the priorities that are important to Canadian producers," said Canadian Association of Petroleum Producers spokeswoman Chelsie Klassen in an email to CBC.

"Canadians maybe can't believe this zombie pipeline, that cannot be killed, has re-emerged again," said Phillips in an interview with CBC.

Phillips predicts Trump's campaign promises to approve Keystone XL may come up against the reality of the controversial project.

"He also had a big caveat to that, which is he would want America to have a bigger share of the pie, and we don't know what that means," he said.

Keystone XL no longer crucial for Canada's oil exports, says natural resources minister - Politics - CBC News
 
taxslave
Free Thinker
#14
Quote: Originally Posted by Mowich View Post

Hold onto that thought and the next time one of your communities is engulfed in a raging inferno, the ROC may not be so quick to open their checkbooks and wallets to the Red Cross, the SPCA, the Canadian Firefighters Association, etc, etc. The ROC did all they could to come to your aid you whinging little ninny.

Blame your government. Blame the Feds and the other ninnies that put them in power.

But don't you dare put the blame for your failing economy on the ROC.

Ontario and Quebec opposition to Energy East has been a serious roadblock to Alberta's economy. Ecoterrorist activity in BC slowing down Northern Gateway had also been a roadblock. So yeah blame the rest of Canada.

Quote: Originally Posted by Danbones View Post

Oil and gas sector says investment will drop by $50B
Oil and gas sector says investment will drop by $50B - Business - CBC News
I guess the ROC pays your welfare there can'tnuck

Funny that. Just after one of the large drilling companies hired 1000 workers.
 
Cannuck
No Party Affiliation
#15
Quote: Originally Posted by tay View Post

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.

Trudeau's plan is irrelevant as far as Keystone is concerned. It's Alberta's oil. If Trump wants it, we will happily sell it to him. Eastern fackers can continue to buy oil from people that lop the heads off of gays and adulterers. It looks good on you
 
taxslave
Free Thinker
#16
Easterners can go freeze in the dark for all anyone cares.