What are the chances Alberta will get a new pipeline?

mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
What's the point anymore?

Oil is dying.

Let it go.


Notley plans pro-pipeline speaking tour, argues snubbing energy is 'economically negligent'

As Kinder Morgan’s pipeline expansion in British Columbia faces a fresh challenge, Premier Rachel Notley will speak to business crowds in three provinces in an attempt to build support for the controversial project considered critical for Alberta’s energy sector.

Notley said in an interview Sunday she will bring her sales pitch to Toronto, Ottawa, Calgary, Edmonton and Vancouver later this month in the hopes of convincing more Canadians the Trans Mountain expansion project is in the country’s best interest.

“We are a very small economic player internationally, and we punch well above our weight, but we’re not going to be able to do that if we become paralyzed by very parochial decision-making,” she said.

“The oil and gas industry continues to contribute significantly to national economic growth. . . To walk away from it is negligent. It’s economically negligent.”

Kinder Morgan’s project, already faced with legal challenges, has been met with new resistance in Burnaby, B.C., where the municipal government has not issued permits to allow for the $7.4-billion pipeline expansion.

Arguing Burnaby is intentionally delaying construction, the company has asked the National Energy Board to intervene and allow for work to begin. That city counters it is following its process for reviewing similar development applications and rejects the idea it is dragging its feet.

Alberta Premier Rachel Notley plans pro-pipeline speaking tour | Calgary Herald
 
taxslave

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
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Vancouver Island
World wide increase in oil consumption must be why it is a dying industry.
I'm hoping that KinderMOrgan, the contractors and union workers that are being delayed by a delusional and dysfunctional council all sue the city of Burnaby for loss of income.
 
captain morgan

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
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A Mouse Once Bit My Sister
https://energynow.ca/2017/11/good-news-oil-booms-biggest-importer-signals-demand-will-boom/


November 9, 2017

(Bloomberg)
Oil investors discouraged by Wednesday’s data showing a retreat in Chinese crude imports can find cheer in another figure released in the world’s top buyer on the same day.
The Asian nation raised the quota for use of overseas oil by non-state companies in 2018 by 63 percent versus the prior year, according to a statement from the Ministry of Commerce. The increase is equivalent to 1.1 million barrels a day, which is more than what OPEC member Algeria pumps. The firms that’ll use the allocation include private refiners, known as teapots, operating in the eastern province of Shandong.
The boost in the quota signals that consumption in the world’s biggest energy user will continue to remain strong after purchases by teapots lifted the nation past the U.S. as the globe’s No. 1 crude buyer. While OPEC and its allies including Russia are seen prolonging their output curbs past March to clear a global glut, the sustainability of crude’s current rally will depend on whether there’s enough demand to soak up supply.
“China will remain the strongest demand driver for the world’s oil industry for the next couples of years,” said Li Li, the head of research at ICIS China. “The total imports by Chinese state-owned and private refiners and traders will increase remarkably with the expansion of existing capacity and starting-up of new plants.”
China set 2018 crude import quotas for non-state companies at 142.42 million metric tons, according to the ministry statement. That’s equivalent to 2.9 million barrels a day, or about 34 percent of the nation’s average overseas purchases this year, data compiled by Bloomberg show. For 2017, the government kept the allocation unchanged from a year earlier at 87.6 million tons.
Also on Wednesday, data from China’s General Administration of Customs showed crude imports in October retreated from near-record levels to the lowest in a year. Purchases declined because some of the teapots have used up their annual import allowances for 2017 already and were now shifting toward fuel oil, a residual product from refining, as an alternative feedstock, according to ICIS China.
Brent crude, the benchmark for more than half the world’s oil, was down 0.1 percent at $63.43 a barrel on the ICE Futures Europe exchange at 10:17 a.m. in London. U.S. marker West Texas Intermediate was little changed at $56.80 a barrel.

hehehehehehehe
 
H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
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I would say that the toll charge for use of the pipeline would float with the oil prices.
 
H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
Driving a pipeline through BC is politically impossible. It requires the permissions of a dozen First Nations.
 
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