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Canada is now the biggest exporter of oil to US
Canada has become the biggest exporter of oil to the United States with the re-opening of a pipeline from Alberta to Oklahoma.Crude oil from Alberta`s tar sands began flowing this week from the Calgary, Alberta-based Enbridge Corp.`s facility through a 650-mile stretch of steel from Chicago to Cushing, Okla. For years the pipe, which used to be owned by BP, carried Gulf of Mexico crude to northern markets, but as the Gulf supply dwindles, the crude is flowing in a different direction, the Houston Chronicle reported Saturday. The line has an initial capacity to transport 125,000 barrels of oil a day, but can be expanded easily, the report said. Exxon Mobil is also working on a pipeline reversal that would bring Canadian crude down to Gulf Coast refiners instead of flowing Gulf oil north to Midwestern markets. Canada outranks Mexico, Venezuela and Saudi Arabia as oil exporters, and will likely double its oil production in the next decade, thanks to production from the oil sands. Posted by: lotp 2006-03-04 |
| http://www.rantburg.com/poparticle.php?ID=144447 |