CKA Forums
Login 
canadian forums
bottom
 
 
Canadian Forums

Author Topic Options
Offline
CKA Uber
CKA Uber
 Vancouver Canucks
User avatar
Profile
Posts: 30650
PostPosted: Wed May 07, 2014 5:57 am
 


Title: Europe softens stance on Canada�s oil sands as relations with Russia sour
Category: Business
Posted By: N_Fiddledog
Date: 2014-05-06 22:51:10
Canadian


Offline
CKA Moderator
CKA Moderator
User avatar
Profile
Posts: 53472
PostPosted: Wed May 07, 2014 5:57 am
 


Too bad. Let's see how 'dirty' Russian oil is compared to 'tar' sands.


Offline
CKA Uber
CKA Uber
 Montreal Canadiens
User avatar
Profile
Posts: 33691
PostPosted: Wed May 07, 2014 6:16 am
 


$1:
The minister acknowledged that Canadian energy could not reach European shores before 2020, given that the domestic and export-oriented oil and gas infrastructure is not built yet.


In the meantime, the best we get is to ship it to the US, and then from their ports.
And they of course will take the middleman cut, for doing very little.

See how stupid we are ? :roll:


Offline
CKA Uber
CKA Uber
 Montreal Canadiens
User avatar
Profile
Posts: 13404
PostPosted: Wed May 07, 2014 6:21 am
 


If Canada wants to "strike a blow for freedom" against an expansionist Russia, we should be developing ourselves as an alternate source of energy for the Europeans. We can be far more effective using this lever than by sending small symbolic (and potentially "disposable"!) parties of servicemen into the region.


Offline
CKA Uber
CKA Uber
User avatar
Profile
Posts: 33492
PostPosted: Wed May 07, 2014 7:01 am
 


the problem is price. Have things calm down a bit and the Europeans will go back to buying the cheapest energy they can, while we are stuck paying for infrastructure that brings in no revenue. And we are no different in Canada - if it was a choice between paying more for secure energy from a friendly country or getting a deal from an enemy, you know which way we would go. Don't we now import middle eastern oil for eastern Canada? What's up with that?


Offline
CKA Uber
CKA Uber
User avatar
Profile
Posts: 21611
PostPosted: Wed May 07, 2014 7:12 am
 


:|


Last edited by Public_Domain on Sun Feb 23, 2025 8:35 pm, edited 1 time in total.

Offline
CKA Elite
CKA Elite
 Los Angeles Kings
User avatar
Profile
Posts: 4661
PostPosted: Wed May 07, 2014 9:08 am
 


Public_Domain Public_Domain:
Ahh, the almighty dollar continues its reign....

Wouldn't it be the euro in this instance?


Offline
CKA Uber
CKA Uber
User avatar
Profile
Posts: 33492
PostPosted: Wed May 07, 2014 9:37 am
 


Isn't there a term, petrodollar?


Offline
CKA Uber
CKA Uber
 Toronto Maple Leafs
User avatar
Profile
Posts: 14139
PostPosted: Wed May 07, 2014 9:54 am
 


Hypocritical Euro-trash, they made their choice and were quite adamant about registering their disgust with our oilsands.

To quote a phrase from Canada's NEP days, let the bastards freeze in the dark.


Offline
CKA Uber
CKA Uber
 Montreal Canadiens
User avatar
Profile
Posts: 13404
PostPosted: Wed May 07, 2014 10:54 am
 


andyt andyt:
the problem is price. Have things calm down a bit and the Europeans will go back to buying the cheapest energy they can, while we are stuck paying for infrastructure that brings in no revenue. And we are no different in Canada - if it was a choice between paying more for secure energy from a friendly country or getting a deal from an enemy, you know which way we would go. Don't we now import middle eastern oil for eastern Canada? What's up with that?



What's up with that is your very point, exactly. It is cheaper for us to bring tankers full of oil from the Middle East (mostly it comes from the Gulf of Mexico) than to pump it "over the hump" of the Upper Lakes from Western Canada. That is why there has never been an oil pipeline built to the East. It isn't good economics to do so. Trans Canada has just announced that they are finally going to do it, decades later but my suspicion is that it is an alternate export route to the States in case Keystone goes funny. The pipeline to Eastern Canada is "Plan B" but it really isn't for our benefit. If it's about the Eastern Canadian consumer, the best deal is still oil from Mexico, Venezuela and yes ... the spot market which may mean Iran, sometime.

p.s. Ontario still produces a dribble of oil. The little oilfield around Petrolia Ontario was the first one on this continent so it is really played out by now. There is still lots of gas production around and under Lake Erie, though.


Offline
CKA Uber
CKA Uber
 Vancouver Canucks


GROUP_AVATAR
User avatar
Profile
Posts: 26145
PostPosted: Wed May 07, 2014 12:44 pm
 


Where did you hear that Jabberwalker? Greenpeace.

By any chance could you be talking about this?

$1:
Eastern Access: The $2.7-billion Eastern Access suite of projects establishes a path for Western Canadian and Bakken crude oil to access refineries in Eastern Canada and the midwest and eastern U.S. For example, by reversing the flow of Enbridge's existing Line 9, Ontario and Quebec refineries will have access to lower-cost Western Canadian feedstock (Ontario and Quebec currently derive 18 and 90 per cent of their crude, respectively, from higher-priced offshore sources, respectively). In-service dates for Eastern Access projects range from 2013 to 2014.


https://en.wikipedia.org/wiki/Enbridge

They're reversing the flow of an existing line, and building up where it's weak.

Did it cross your mind that the fact Bakken and the oilsands are relatively new or expanding sources with more western energy sources coming online from Frakking might explain why they might want to reverse the flow?

Also...

$1:
How does the L3R Program fit into this equation? Line 3 is a mixed service line, meaning it carries a variety of light and heavy crude oils. Given the complexity of our system – with multiple receipt and delivery points, and the large number of crude types – the L3R Program will enhance the operational flexibility of our system, allow us to optimize throughput, and more effectively carry out Enbridge’s major market access initiatives.

“The increased reliability of throughput on our system,” notes Enbridge President and CEO Al Monaco, “will provide our customers with assured service to key markets.”

Ultimately, the L3R Program would better serve the current and future petroleum requirements of the general public, who are dependent on refineries to meet their refined petroleum product needs. At the same time, the L3R Program would reduce the frequency and magnitude of ongoing maintenance activities that would otherwise occur in order to maintain the safe operation of Line 3.

And on top of the big-picture economic benefits, the construction phase of the L3R Program itself will provide an economic boost by creating thousands of jobs and generating hundreds of millions of dollars in tax revenue.


http://www.enbridge.com/Viewer?id=BF86F ... 2814932EF2


Last edited by N_Fiddledog on Wed May 07, 2014 12:51 pm, edited 1 time in total.

Offline
CKA Uber
CKA Uber
 Montreal Canadiens
User avatar
Profile
Posts: 13404
PostPosted: Wed May 07, 2014 12:51 pm
 


Where did you hear that Jabberwalker? Greenpeace.


What are you babbling about, now? Alberta oil costs less until you pump it uphill.


Last edited by Jabberwalker on Wed May 07, 2014 12:52 pm, edited 1 time in total.

Offline
CKA Uber
CKA Uber
 Vancouver Canucks


GROUP_AVATAR
User avatar
Profile
Posts: 26145
PostPosted: Wed May 07, 2014 12:52 pm
 


Jabberwalker Jabberwalker:
Where did you hear that Jabberwalker? Greenpeace.


What are you babbling about, now?


You may have missed this. - Did it cross your mind that the fact Bakken and the oilsands are relatively new or expanding sources with more western energy sources coming online from Frakking might explain why they might want to reverse the flow?


Offline
CKA Uber
CKA Uber
 Montreal Canadiens
User avatar
Profile
Posts: 13404
PostPosted: Wed May 07, 2014 12:54 pm
 


It sure isn't for the benefit of the bastards in the East who should be freezing in the dark, innit?


Offline
CKA Uber
CKA Uber
 Vancouver Canucks


GROUP_AVATAR
User avatar
Profile
Posts: 26145
PostPosted: Wed May 07, 2014 12:58 pm
 


Reversing the flow is a smart thing. It should have been done long ago, but there's so much oil and natural gas out west now even politicians can be convinced to see the superior sense to it.


Post new topic  Reply to topic  [ 27 posts ]  1  2  Next



Who is online

Users browsing this forum: No registered users and 56 guests




 
     
All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © Canadaka.net. Powered by © phpBB.