August This and That

Posturing, Political Strategy? Whatever it was, its good this deal is on the table.
"The premiers of British Columbia and Alberta have launched a joint plan to expand exports of oil, gas and other resources, laying the groundwork for new pipeline projects to the west coast.

Wrapping up discussions at the Council of the Federation annual retreat of Canada's 13 premiers, Christy Clark and Alison Redford said they had instructed their senior bureaucrats to start working together on policies to promote the exports and allow their fossil-fuel industries to gain access to new markets in Asia."Read HERE

Two good things: One we need to get oil and gas out of Canada and out to Asia/Europe. Two, the need to do it safely. We DO want to protect our environment, have a pristine coastline and have the correct protocol, action plan and money in place to mitigate spills. It'll probably take several years to work out the details, but we're heading in the right direction.




Not just the West, but the East...

CALGARY • A line of sight has opened up for Canada’s oil industry to the East Coast and potentially beyond as TransCanada Corp. said it would move forward with a scaled-up Energy East project and build a deep water port at Saint John, N.B.

Calgary-based TransCanada said Thursday it would forge ahead with a 1.1-million-barrel-a-day oil conversion of its natural gas mainline system after securing 20-year commitments for 900,000 barrels per day of firm service from prospective shippers. The pipeline’s scope is bigger than the 850,000-barrel capacity first conceived for the project, boosting the total price tag to $12-billion. HERE

Linking up this oil and gas pipeline will be a major boon for provincial and federal governments; all of Canada would benefit. Pipelines similar to this exist in the world, across Europe, Australia and the Middle East. I think Canada is one of the most politically sensitive countries, one of the most careful to protect the environment as well. If you look at introducing a Canadian pipeline and refinery in 2015, the environmental regulations are strict and adhered to much more than a pipe line built 30 years ago in a country less concerned about environmental or public safety. When we have the right spill protection plan in places, then this is a green light project. Other sources of (global) energy are simply not yet available.


 CALGARY -- TransCanada Corp. said Friday it likely has enough support to build its Energy East project, which would connect western crude to eastern refineries using an existing pipeline.

The company (TSX:TRP) and its potential customers are putting the finishing touches on their contracts and there should be an announcement within the next two weeks, said Alex Pourbaix, the TransCanada executive in charge of oil pipelines.

"It's really just working through terms and conditions, credit and so forth," he said on a conference call to discuss the company's second-quarter financial results, which met market expectations. JUMP

Another look at the East to West pipeline. I  agree with the comment "It would be the most efficient and the safest and economic way to transport crude oil to eastern Canadian refineries, creating jobs, long-term economic benefits across the country and displace foreign imported oil, making Canada more energy independent." Its funny to think that Canada imports 'foreign' energy while we struggle to export domestic. The battle for export is ironic. Safe pipe lines = export = proper price = revenue.