Article

2012-01-20 Great White North

Canada Pledges to Sell Oil to Asia After Obama Rejects Keystone

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Posted by Steve White 2012-01-20 10:18|| || Front Page|| [2 views ] Top

#1 Thanks Obama and the Greens for continuing to fuck up our economy and put our national safety at risk.

Can we declare them domestic enemies and purge them now?

Posted by DarthVader 2012-01-20 11:40|| 2012-01-20 11:40|| Front Page Top

#2 Why doesn't Canada build a refinery so they can ship smaller amounts of gasoline rather than crude? Why let Texas (or China) have those jobs? You might get a lot of Americans crossing the border to go to work and their paychecks can be taxed?

What am I missing?

Posted by rjschwarz 2012-01-20 14:35|| 2012-01-20 14:35|| Front Page Top

#3 What am I missing?
Refineries are very expensive to build from scratch. That kind of money is hard to borrow nowadays, what with the debt overhang & the worldwide need to prop up Vampire Squids. It probably just makes more economic sense for Canadians to sell their crude petro products as-is.

Posted by Anguper Hupomosing9418 2012-01-20 15:01|| 2012-01-20 15:01|| Front Page Top

#4 What am I missing?

The staggering scope of the oil sands. Within 4 years, production will vault Canada into the top 5 in world production.

Canadian Oil is completely landlocked. Even if we built enough refineries, there would still be an issue of getting the oil to a refinery and on to the consumer, about 4mil barrels per day. The sheer volume of oil makes pipelines (multiple) necessary. That 4mil is in addition the existing 1mil bpd that is currently pumped by pipeline from Alberta to the US.

Keystone will eventually be built, as the Bakken Field in North Dakota requires it as well. But that pipe will still only handle 1mil bpd. So oil will be flowing to the west coast as well, and on to China and Asia.

Besides, oil shipped to Asia will find a better price than that shipped to Texas.

http://www.youtube.com/watch?v=24tszlBGj40

Posted by manversgwtw 2012-01-20 18:11|| 2012-01-20 18:11|| Front Page Top

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