Trans Mountain ‘pipeline is going to get built’: Trudeau dismisses B.C.’s bitumen ban

petros

petros

The Central Scrutinizer
Nov 21, 2008
117,132
14,233
113
Low Earth Orbit
spilledthebeer said:
IDIOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


The Kinder Morgan pipeline..............................................


is specifically INTENDED to reach markets OTHER THAN ...................................................



United States!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Do you have some religious objection to THINKING?????
Click to expand...
Currently Californian heavy oil capable refineries (think LaBrea "tar" pits and the original "tar sands") are in need of feedstock and that is where tankers embarking from are headed. 1 of 6 made it to China so far this year.

We could stop using oil for fuel but the demand for Canadian bitumen and heavy will never go away.

EVER!
 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
Hoid said:
There is zero demand for Canadian bitumen,

that's the whole problem.
Click to expand...
Just relabel it as US and all is good, except the part where we have to sell it to them way below wholesale price.

We are so lucky to have them as neighbors eh??
 
H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
https://www.cbc.ca/news/business/alberta-suncor-cenovus-crude-by-rail-1.5205375

Every time you turn around the Alberta oil industry is crying about something else.

Now they are crying about the provincial oil curtailment that was brought in to save their worthless asses from the free market - which was discounting western select

So bring in a big cut in production (like what OPEC is doing now) to create a false shortage and get prices up.

That is your basic supply side economics.

But now there is a shortage of oil by rail. Now that the prices has been falsely set - they want to spool up production and fill every rail car they have (which is lots) and run it down to America.

Except now that the price is so high the Americans are not interested.

Why would they be?

Here is the bafflegab:


Mark Little, the chief executive of Suncor shook his head several times on stage while discussing the issue at an energy conference in Calgary hosted by TD Securities on Tuesday.

"What happened under curtailment [was] literally shutting in market access and idling rail, while the industry is struggling because we don't have market access," he said to the crowd of investors. "It's not working too good."

Roughly, he said there is about 250,000 barrels per day of unused crude by rail capacity in Alberta, so the government should be able to lift the curtailment policy and be able to export all of the extra oil out of the province.

"We're within rounding distance of literally getting all of the production to market with the excess rail that is available and get a fair price for it," Little said.

-----------------------------------------------------

lol he has basically said there is no need for a pipeline expansion.

250K bbls?

They are talking 800K more through the TM.

Into a market that doesn't even want that shit unless its at $30 a bbl?

Anyone invested in Alberta oil is a fool with their money.
 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
B00Mer said:
Shut that cock hole in your face, you don't have a clue

China is buying it up

https://business.financialpost.com/...on-canada-oil-thats-50-cheaper-than-u-s-crude
Click to expand...
That deal is only for the US, China would like in on the deal, who wouldn't. Times that over a year and Canadians are really getting fukked big time by, . . wait for it, . . . their best friends. Who needs enemies when the loco collective is fill of them.

$*54,750,000,000‬ per year using 2014 volume. ?$54B for fuk all other than being pricks and thugs.
 
pgs

pgs

Hall of Fame Member
Nov 29, 2008
28,489
8,092
113
B.C.
Hoid said:
https://www.cbc.ca/news/business/alberta-suncor-cenovus-crude-by-rail-1.5205375

Every time you turn around the Alberta oil industry is crying about something else.

Now they are crying about the provincial oil curtailment that was brought in to save their worthless asses from the free market - which was discounting western select

So bring in a big cut in production (like what OPEC is doing now) to create a false shortage and get prices up.

That is your basic supply side economics.

But now there is a shortage of oil by rail. Now that the prices has been falsely set - they want to spool up production and fill every rail car they have (which is lots) and run it down to America.

Except now that the price is so high the Americans are not interested.

Why would they be?

Here is the bafflegab:


Mark Little, the chief executive of Suncor shook his head several times on stage while discussing the issue at an energy conference in Calgary hosted by TD Securities on Tuesday.

"What happened under curtailment [was] literally shutting in market access and idling rail, while the industry is struggling because we don't have market access," he said to the crowd of investors. "It's not working too good."

Roughly, he said there is about 250,000 barrels per day of unused crude by rail capacity in Alberta, so the government should be able to lift the curtailment policy and be able to export all of the extra oil out of the province.

"We're within rounding distance of literally getting all of the production to market with the excess rail that is available and get a fair price for it," Little said.

-----------------------------------------------------

lol he has basically said there is no need for a pipeline expansion.

250K bbls?

They are talking 800K more through the TM.

Into a market that doesn't even want that shit unless its at $30 a bbl?

Anyone invested in Alberta oil is a fool with their money.
Click to expand...
Says a fool who has no money .
 
H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says

Supply exceeded demand by 900,000 barrels a day in first half

OPEC may need to cut output to 17-year low to balance market

https://www.bloomberg.com/news/arti...es-surprise-return-despite-opec-cuts-iea-says

World supply exceeded demand at a rate of 900,000 barrels a day during the first six months of 2019 as consumption proved far weaker than expected amid a faltering economy, the IEA said. With the outlook for 2020 also deteriorating, the Organization of Petroleum Exporting Countries may need to reduce output to the lowest in 17 years to keep markets in balance, the agency predicted.

“This surplus adds to the huge stock-builds seen in the second half of 2018,” the Paris-based IEA said in its monthly report. “Clearly, market tightness is not an issue for the time being and any rebalancing seems to have moved further into the future.”

===========================================================

The same old tricks are not working anymore. Shale oil has changed the game.

But here's an idea: let's all get behind the idea to get more Alberta crud to market.

Because that makes such good economic sense.

When the world is over supplied with oil it time to produce more oil.
 
S

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
Hoid said:
Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says

Supply exceeded demand by 900,000 barrels a day in first half

OPEC may need to cut output to 17-year low to balance market

https://www.bloomberg.com/news/arti...es-surprise-return-despite-opec-cuts-iea-says

World supply exceeded demand at a rate of 900,000 barrels a day during the first six months of 2019 as consumption proved far weaker than expected amid a faltering economy, the IEA said. With the outlook for 2020 also deteriorating, the Organization of Petroleum Exporting Countries may need to reduce output to the lowest in 17 years to keep markets in balance, the agency predicted.

“This surplus adds to the huge stock-builds seen in the second half of 2018,” the Paris-based IEA said in its monthly report. “Clearly, market tightness is not an issue for the time being and any rebalancing seems to have moved further into the future.”

===========================================================

The same old tricks are not working anymore. Shale oil has changed the game.

But here's an idea: let's all get behind the idea to get more Alberta crud to market.

Because that makes such good economic sense.

When the world is over supplied with oil it time to produce more oil.
Click to expand...






POOR STUPID hemerHOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


He would rather discuss Alberta oil...............................................


that much of the world would rather BUY........................................


because Cdns use oil revenue to FUND HEALTH CARE................................


as opposed to buying Russian and Iranian oil......................


that is used to BUY WEAPONS..........................


and intimidate people!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Gosh hemerHOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Is it REALLY THAT HARD a question for you????????????


How blind are you to REALITY hemerHOID????????????

 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
spilledthebeer said:
POOR STUPID hemerHOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


He would rather discuss Alberta oil...............................................


that much of the world would rather BUY........................................


because Cdns use oil revenue to FUND HEALTH CARE................................


as opposed to buying Russian and Iranian oil......................


that is used to BUY WEAPONS..........................


and intimidate people!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Gosh hemerHOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Is it REALLY THAT HARD a question for you????????????


How blind are you to REALITY hemerHOID????????????
Click to expand...
That SOB. . . , wait a minute, that is what the thread is about, you, you SOB.
 
S

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
MHz said:
That SOB. . . , wait a minute, that is what the thread is about, you, you SOB.
Click to expand...






Oh MHz......................


you are blathering again!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Go take some more LSD.........................


it will not sort out your thoughts..........................................


but it will reduce your anger at being thought of as a FOOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 
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