Skip to comments.Will Canadian Oil Be For the Lamps of China?
Posted on 02/13/2012 2:49:23 PM PST by raptor22
Energy: While our president sleeps on the Keystone XL pipeline, Canadas prime minister is in Beijing signing a series of trade deals to ship additional petroleum to China. Halftime in America? We need a new quarterback.
While Clint Eastwood, in that thinly disguised infomercial for President Obama's re-election campaign, was promising that the world would soon hear the roar of our engines, China's economy will soon be revving up with petroleum that should and could be flowing south in a pipeline the Obama administration won't build.
Prime Minister Steven Harper is making good on his warning that Canada would seek other customers for the vast oil riches locked in the oil sands of Alberta. He is leading a five-day delegation to an energy-hungry China eager to be Canada's best customer. He will not wait for an American administration fixated on windmills and Solyndras and automakers that produce overpriced electric cars prone to battery fires.
"I am very serious about selling our oil off this continent, selling our energy products off to Asia. I think we have to do that," Harper said in an interview with Canada's CTV National News in the wake of President Obama's decision to kick the Keystone oil can down the road past the November election.
On the trip Harper announced a series of multibillion-dollar trade and business agreements to ship additional Canadian petroleum, uranium and other products to China. More than 20 commercial agreements involving more than 50 Chinese and Canadian companies were announced. In addition, a joint economic study to be completed by May could form the basis for a free trade agreement.
(Excerpt) Read more at news.investors.com ...
A President actively decreasing economic activity and increasing spending at the same time is a threat to this Country.
If we can’t defeat this guy in November, we deserve him.
Maybe I’m showing my ignorance of how the oil industry works, but why don’t the Canadians just build a refinery in Canada and ship the gasoline instead of the oil?
The only way to ship this resource, whether crude oil or the products derived from it, in volume, is by pipeline.
The pipeline is not the issue. Obama wants higher energy prices for America. His policy is designed to limit supply, thereby increasing prices. Wake up America, your president does not have your best interests at heart.
It’s gotta be shipped from somewhere, though. Why can’t it be shipped from Winnipeg instead of Port Arthur?
Winnipeg? Winnipeg? There is a reason that Manitoba has NO OIL REFINERIES. Once again, do you have 28 million buckets on hand? Every day?
Much brighter minds than mine have worked on this project. TransCanada would not even think of putting this together if their clients (the producers or shippers of the oil) had not already signed contracts to use the pipeline. Trust me, they fit it in to the existing infrastructure in the best possible fashion.
Once again, you and everybody else is missing the real point. Obama is trying to decrease energy supply in the US. I know it might be hard to believe, but that is exactly what he is doing.
I would like to see all remaining republican candidates write a letter to prime minister of Canada and make a joint commercial, asking them to wait until after the Nov election to decide on the fate of the pipeline. I believe the commercial would have a big impact on the campaign.
I am just asking the question... So you think that an oil refinery must be built on a seaport? I’m trying to understand why that should be. Is it just for shipping purposes, or do they need the water in order to run the plant? Because if it’s just for shipping purposes, then I’m not sure that makes all that much sense. Gasoline and other refined petroleum products are shipped by rail and by truck all the time. If Obama won’t let them build the pipeline, then you’d think they’d just say, “Fine. We’ll build a refinery, and leave you out of the picture altogether.”
I don't know how to explain it any better. You have 800,000 b/d of oil that can be fed virtually seamlessly into the existing infrastructure through the Keystone XL. The sellers (shippers) and buyers (refiners) have signed contracts. They have come, now is the time to build it.
The gulf coast refineries have the excess capacity and the ability to refine this oil. They have the infrastructure in place to ship product on to the market.
I don't think you know how much 800,000 b/d is. The biggest refinery in Canada can only handle 300,000 b/d. And its a real big refinery. The Texas refineries have enough excess capacity to handle all that oil.
This is a huge resource, producing tremendous amounts of oil. This oil goes south on the Keystone XL or west over the mountains to an ocean terminal at Kitimat. From there three tankers a day will take it to world markets, probably in China. That's it. There is no other place for it to go. There are no other alternatives for that amount of oil originating in Northern Alberta.
Yeah, well I agree with all that, but you’re not really answering the question. Maybe you don’t know the answer any more than I do. Personally, if I were the Canadians, and Obama had just dumped this pile on us, I would be thinking that it might make more sense to build another refinery than ship the oil over the Rockies and then to China. Building a new refinery would presumably produce more Canadian jobs than piping it across America to the US Gulf Coast as well.
Let Obama explain to his union constituents why he decided to ship the jobs to Canada instead of approving the pipeline.
BTW, I am convinced that once the election is over, and Obama’s environmentalist support is no longer relevant, Obama will approve it. He’s probably already assured the unions and the Canadians of that in order to calm them down.
Once again we are talking about 800,000 barrels a day. Aren't you reading my posts? There isn't a single refinery in the world that can handle that volume. You can't "just build a refinery".
The oil goes south to Texas where the capacity and ability exists to refine this kind of oil or it goes west to China. That's it. That's all. The only other option is to "shut in" the production. In other words, not produce the oil.
I’d like to know why we Canadians are paying ‘world’ prices for Gasoline.
FF, are you serious? So, you want your fuel consumption to be subsidized by your fellow taxpayer?