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Page added on May 27, 2014

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Canada oil will flow any way it can to U.S.

Production

If Canadian crude cannot be transported to the United States because of delays in building pipelines, it will go by rail, Canadian Transport Minister Lisa Raitt said on Monday.

Last week TransCanada Corp said it was in talks with customers about shipping Canadian crude to the United States by rail as an alternative to the firm’s proposed Keystone XL pipeline, which has hit a series of delays.

Asked about the comments, Raitt told reporters: “As long as they’re adhering to all the pronouncements we’ve made … with respect to the movement of crude oil by rail, then that’s the way it’s going to go. If it can’t find its way in a pipeline, it’s going to find its way somehow.”

 

Reuters



2 Comments on "Canada oil will flow any way it can to U.S."

  1. paulo1 on Tue, 27th May 2014 8:38 am 

    Facts are a bitch. It won’t be staying in the ground as long as people need transportation fuel.

    Paulo

  2. bobinget on Tue, 27th May 2014 11:24 am 

    The day is quickly approaching, as domestic shale production begins to slump and become uneconomic,
    US will be absolutely dependent on Canada’s Oil Sands. The only alternative remaining, to cut oil demand, another, greater massive depression.

    Western Canada is littered with older ‘legacy’ conventional oil wells that are worth three times more today than last May. The problem, these wells are more suited to fill the needs of the world’s second
    largest land mass with a population smaller than California’s. (Canada ended 2013 with a population of 35,105,000 people, which represents an increasea of 403,000 people compared to 2012).

    (California’s 37,300,000)

    If Canada’s East Coast imports of 800,000 B p/d evaporates, She will draw on Western Canada with new and reversed pipelines.

    The US would have been better off Invading Canada with USD’s, buying up oil sands assets and leaving Iraq
    alone. Too late, Japan, India and China beat us to it.

    Unless President Obama turns the first shovel on XL this Summer, kiss oil sands expansions bye bye.

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