As soon as a pipeline gets built to Vancouver, the one to the Gulf Coast will lose all appeal, especially since then oil sands flow can get priced as Brent rather than the absurd WTI numbers.
The Chinese, of course, have offered to fund it.
Oil sands production IMO will likely never get to even 4.5 mbpd, and we’ll take decades to register that failure. It’s at 2+ now. To get to that 2+ number requires 30% of total Canadian natural gas production. It also requires about 30% of Alberta’s fresh water. We just are not going to see the 6 and 7 mbpd numbers the wacko hypesters sprint for microphones to quote.
Very True.
To get to that 2+ number requires 30% of total Canadian natural gas production. It also requires about 30% of Alberta’s fresh water.
Very False.