If you listen close, you can hear the whales....SCREAM


petros
+3
#1  Top Rated Post
Chinese demand leads to huge jump in crude oil exports from B.C.

A combination of Chinese demand and increased pipeline space led to a massive increase in the export of crude oil out of the Port of Vancouver last year.

Figures provided by the port showed there were 22 million barrels of crude exported from B.C. in 2018, compared to 13 million barrels in 2017 and 8.7 million barrels in 2016.

Kevin Birn, vice-president of IHS Markit in Calgary, said that almost all crude oil exported from the province comes via the Canadian-government owned Trans Mountain pipeline from Edmonton.

The Trans Mountain pipeline allows for a variety of petroleum types and products to be shipped, ranging from jet fuel and kerosene to heavy crude oil and oilsands. Last year, Birn said, the amount of refined products and deliveries for the Lower Mainland were down, and this created space in the line for crude oil to be exported.

Birn said that over half of that crude oil was off-loaded at Sumas, B.C., where it connected with another pipeline that feeds four refineries in Washington.

The rest flowed to the Westridge terminal in Burnaby where it was distributed to international markets via tankers.

“Last year you had a doubling of water-borne export to Asia,” said Birn, adding the 62,000 barrels a day of crude exported from B.C. last year was still a small percentage of the four million barrels a day that Alberta exports, mostly to the U.S.

National Energy Board of Canada figures show peak export of domestic heavy (crude) out of Vancouver was 120,000 barrels a day on average in 2010 (43 million barrels for the year.)

What’s different now is the increased percentage of crude oil going to China and Korea, Birn said. Port of Vancouver figures showed that in 2018 the U.S. bought 63.5 per cent of the crude out of B.C., China bought 29.8 per cent and Korea bought 6.7 per cent.

“There’s no lack of demand for heavy crude oil export, or light crude oil, and China is the fastest growing market in the world,” said Birn, adding demand for heavy crude oil was up generally because of declines in production from Mexico and Venezuela.

“The world is hunting for heavy barrels and Canada has them. It’s just about being able to access it. If they can get it to the Westridge terminal it will go. That’s why they want to twin it,” he said.

Plans to twin the pipeline stalled last year when then pipeline owner Kinder Morgan said it would not go ahead with plans due to a Federal Court ruling that stalled the project, plus resistance from the B.C. government, climate change protesters and some First Nations groups.

The Canadian-government stepped in and bought the asset for $4.4 billion and has promised the expanded pipeline will be built.

Vancouver Sun 2019
 
Twin_Moose
+2
#2
Interesting I thought the know it all's said that China or Asia as a whole weren't interested in Canadian Bitumen
 
petros
+3
#3
They want heavy oil. Light sweet and shale kerogen don't have the chemistry for all the oil byproducts.

You can't make plastics, polymers, esters, pharmaceuticals etc etc etc from kerogen.
 
taxslave
+2
#4
Didn't hoid just say that no one wants Unethical Canadian oil anymore? That the world no longer needs fossil fuels?
 
Wise
+1
#5
The demand has created big changes. "There were 22 million barrels of crude exported from B.C. in 2018, compared to 13 million barrels in 2017 and 8.7 million barrels in 2016." This is very rapid growth of the export. “There’s no lack of demand for heavy crude oil export, or light crude oil, and China is the fastest growing market in the world,” said Birn.


The government promised the expanded pipeline will be built. That is interesting - how much stalling can there be?
 
Hoid
#6
They don't want our oil - canola or otherwise
 
spaminator
+1
#7
Quote: Originally Posted by petros View Post

If you listen close, you can hear the whales....SCREAM

the whales are screaming clarice
 
petros
+1
#8
Quote: Originally Posted by Hoid View Post

They don't want our oil - canola or otherwise

Why not? It has the most bang for the buck.

Canola....China might have a legit case if clubroot contaminated seed.

https://www.canolacouncil.org/canola...bout-clubroot/
 
pgs
#9
What happens to the stuff that arrives via rolling pipelines ?
 
taxslave
+1
#10
Quote: Originally Posted by petros View Post

Why not? It has the most bang for the buck.
Canola....China might have a legit case if clubroot contaminated seed.
https://www.canolacouncil.org/canola...bout-clubroot/

More like hoid doesn't want Canada to export oil. Unless it is used to make plastic parts for electric cars. Cause oild used to make electric cars doesn't polute.
 
taxslave
+1
#11
Quote: Originally Posted by pgs View Post

What happens to the stuff that arrives via rolling pipelines ?

We burn it to warm up the atmosphere. Here it is the end of March and the ground is still to cold to plant.
 
Twin_Moose
+1
#12
Quote: Originally Posted by petros View Post

Why not? It has the most bang for the buck.
Canola....China might have a legit case if clubroot contaminated seed.
https://www.canolacouncil.org/canola...bout-clubroot/

Or the new bug discovered at U of S attacking Canola plants
 
taxslave
+1
#13
Have to ask our resident conspericy theorists if the Chinese planted this bug in our crops so they had an excuse to stop importing.
 

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