Locator: 45399CANADA.
Back on the table: do you remember that Canadian pipeline to the west coast that the Canadian indigenous folks were protesting, doing what they could to stop it? I think it was called the Trudeau XL -- oh, no, that's wrong -- it is called the Trans Mountain Pipeline ... the "trans" not be be confused with human anatomy.
Well, now, the indigenous folks want in on this boondoggle and Canada is looking at letting the indigenous folks buy a piece of the pipeline. Especially now that COP has shown considerable interest in Athabasca bitumen. [This whole thing reminds me of the "Little Red Hen" looking for friends to help make bread. I don't think that story was true; without hands, I doubt any hen could knead bread.]
Back-of-the-envelope:
- $25 billion / 10 years = $2.5 billion / year
- $2.5 billion / year / 365 days = $6,849,315 / day.
- $6,849,315 / 600,000 bbls / day = $11 / bbl to ship the crude oil
This $11-per-bbl-to-transport does not include maintenance or operating costs; does not include interest payments on the $25 billion; does not include opportunity cost.
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