Q: You've been an advocate of efficiently
getting oil sands crude to market, but how economically viable is a pipeline when oil is well below $ 60?
Not exact matches
After my post last night
got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for synthetic
crude from
oil sands projects which, had it been followed until today, would have been above the Canadian dollar price of WTI in -LSB-...]
In Alberta, these large pits of
crude oil are trapped within
sand, so
getting the
oil out of the
sand is harder.
Enbridge has devised a way to ship more
oil sands crude from Alberta to the US via its Alberta Clipper pipeline without
getting further tangled in the type of review that has kept TransCanada's Keystone XL pipeline proposal mired in limbo for years: switching
crude from one pipeline in its... Read more →
But one of the most serious concerns lies in
getting heavy
oil sands crude to refineries that can process it — an issue likely to grow in importance in coming years.
Alberta's tar
sand reserves are now estimated to contain more than 175 billion barrels of
crude oil, but to
get to the huge reserves, excavators must remove the topsoil and then take out the underlying tar
sands by lifted them into dump trucks.
TransCanada, the «energy transfer company» responsible for
getting the incredibly dirty diluted bitumen
oil from the tar
sands in western Canada, and also potentially Bakken
crude, to refineries in Quebec City and St. Johns, New Brunswick, has notified the Canadian government that it is cancelling its proposed Energy East pipeline project, citing slowing growth in -LSB-...]