April 11, 2018: oilprice.com calls it a disaster.
Kinder Morgan’s Trans Mountain Expansion is the largest, and one of the very few, pipeline projects that has a chance of reaching completion. Alberta’s oil sands producers have been desperate for new outlets to take their oil out of the country, and the decade-plus Keystone XL saga is the perfect illustration of the industry’s woes.
Keystone XL is still facing an uncertain future, and with several other major oil pipeline projects already shelved, there has been extra emphasis on the successful outcome of the Trans Mountain Expansion. That is exactly why Canada’s federal government, including Prime Minister Justin Trudeau, has gone to bat for the project.
The pipeline is "crucial to the entire Canadian oil sands industry [and oil from WCS is already selling at a $30-discount to WTI]-And,
- Kinder Morgan just said it was suspending all work on the pipeline; and,
- Canada's Prime Minister Trudeau just left for a trip to Peru [I have no idea why]
Notley to Horgan: read my lips!
Hell hath no fury like a woman scorned.
And she has several arrows in her quiver. Like a wine ban that apparently worked ... except she lifted the ban prematurely.
For those looking for something different than what's coming out of Washington, DC, this is a worthy alternative.
- from a reader, from an un-sourced document -
posted: April 11, 2018
Bottom Line: PM Trudeau has a problem.
The news is full of the “Alberta/BC war."
The Vancouver Sun and the local radio station covers the situation inside and out.
The Prime Minister declared, “the pipeline will go through” and then he left on a trip to Peru.
[A] trial was held in Vancouver for four people who ignored the court order to not go near the Kinder Morgan site.
One of the people is an NDP MP.
Remember that the election was so close that the NDP had to get three Green Party members to join them in order to form the government.
If they put [this individual] in jail, the NDP government cannot pass any bills because if they introduce one and don’t get a majority vote, the government will fall.
So we’re waiting to see what the sentence will be.
One of the four people was Elizabeth May who is an MP in the federal government Green Party member.
The Liberals have a good majority so nobody cares how long she sits in jail.
The population seems split between those who want the pipeline and those who don’t.
Those who don’t [want the pipeline] have willing protesters and contributors.
Those who do [want the pipeline] are yelling for the federal government to take action.
- The crude oil coming through the pipeline goes straight into ships headed to Asia, mainly China.
- More pipelines, more crude going to China.
- It has nothing to do with oil or gas supply to BC.
- It increases the possibility of tanker accidents and oil spills that affect our beaches and fish and sea life, etc.
- It will bring profit to Alberta and money from taxes to the federal government.
- A lot of the people wanting it to go ahead think it will supply a lot of jobs. Right now nobody needs a job.
- Everyone is already working because the construction is booming.
- There are signs on every store door “now hiring."
- The only jobs will be while the pipeline is being built.
- BC’s major industry is tourism.
- All those involved in tourism are against the pipelines, fearing oil spills will affect the beaches and sport fishing and whale watching, etc.
- People inland don’t care unless they are interested in the environment and disapprove of the tar sands and understand the volume of carbon output by an additional 4or 5 tankers a day going out of the harbour.
I don’t know which side will win. Obviously Justin Trudeau doesn’t know either. He’s gone to Peru and hopes it will get solved while he’s away.