In a post for Medium, Clinton called Canadian oil sands North America's «dirtiest fuel» — despite the fact that during her leadership the U.S. State Department approved a cross-border permit for another oil sands pipeline in 2009, with the department determining that the «addition of crude
oil pipeline capacity between Canada and the United States will advance a number of strategic interests of the United States.»
Not exact matches
With the ability to refine and upgrade crude in Canada and 75,000 barrels per day of committed
capacity on the existing Keystone
pipeline, Husky says it can grow its heavy
oil production without exposure to the WCS - WTI discounts until at least 2021.
Cenovus, one of the biggest of Canada's
oil sands producers, said in March that it was operating at lower
capacity due to the maxing out of
pipelines and other routes through which it sends heavy
oil south to U.S. markets.
Railways, who added crude by rail
capacity earlier this decade only to have the market vanish as
pipeline space opened up, have been slow to move back in the
oil transport business, asking producers to sign longer - term deals.
The only options for Canada's
oil producers are the Trans Mountain expansion, which will triple the line's existing
capacity from 300,000 to 890,000 bpd, taking Alberta to Canada's Pacific Coast and Enbridge's Line 3 expansion to Wisconsin, which will boost the
pipeline's
capacity and is much more likely to move forward.
Canadian producers had hoped a return to full
capacity on the line would help relieve a bottleneck in the
oil - rich province of Alberta, where increased output has run up against a shortage of
pipeline and rail
capacity.
«Rail and supporting non-
pipeline modes should be capable, as was projected in 2011, of providing the
capacity needed to transport all incremental Western Canadian and Bakken crude
oil production to markets if there were no additional
pipeline projects approved.»
The Trans Mountain expansion almost triples the
capacity of the existing
pipeline, which is designed to carry crude from Canada's
oil sands to the West Coast.
Trump's action, which comes in his fourth full day in office, would be a boon for
oil producers concerned about limited
pipeline capacity bringing
oil to market.
The increase in U.S.
oil production since 2006 to 6.5 million bpd has resulted in a sudden
pipeline capacity and pricing squeeze that only months ago was predicted to hit years in the future, if at all.
On Monday, Kinder Morgan Canada formally applied to the National Energy Board for permission to triple the
capacity of its Trans - Mountain
oil pipeline from Edmonton to the Pacific Coast and expand export
capacity at its Westridge Marine Terminal in Burnaby, B.C.. We'll spare you the details of the 15,000 - page filing.
Such optimism must somehow reconcile with all the forces conspiring against Canadian
oil: the lack of
pipeline infrastructure or «takeaway»
capacity, the occasionally gaping price discount applied to Western Canada Select, the renaissance in
oil production unfolding in the U.S., rising Canadian production costs and the flight of investor money out of commodities.
According to some estimates, the rising level of
pipeline capacity could drop the proportion of
oil being upgraded in the province below 50 % by 2019.
The report does envision scenarios in which
oil sands development is curbed by a combination of lower
oil prices and a lack of
pipeline capacity.
Suncor Energy Inc. and Imperial
Oil Ltd. are accusing Enbridge Inc. of overbuilding
pipeline capacity into the U.S. at a time when it's not needed, and are looking to escape the increase in tolls that will come once Alberta Clipper, a major new crude
pipeline, enters service later this year.
This also poses a sort of double jeopardy for Alberta's energy sector, whose industrial and political leaders have long maintained that any
oil sands supply bottlenecks created by insufficient
pipeline capacity would be offset by higher rail traffic.
The current owner of the
pipeline, American energy giant Kinder Morgan, recently expanded
capacity to 300,000 barrels per day»... to transport growing volumes of product from Alberta's
oil sands.»
Lazarus said even though the
pipeline's
capacity would represent only about one per cent of global
oil consumption, that would still be enough to incrementally move markets.
In Alberta, the overwhelming consensus is that it centres on the
pipelines themselves and the expansion of Canada's
oil producing
capacity (77 % say this).
Guidance from
pipeline company Enbridge Inc. that it will modestly reallocate some light
oil pipeline space on its Mainline for heavy crude and additional rail
capacity smoothed the flow of
oil, analysts have said.
Provincial disputes over plans to expand the
capacity of the existing Trans Mountain
oil pipeline could have U.S. consequences, analysis shows.
Growth in Canadian crude
oil production has outpaced expansions in
pipeline takeaway
capacity and, along with past
pipeline outages, has driven Canadian crude
oil prices lower and increased Canadian crude Continue Reading
Canada's
oil sands producers, frustrated by a lack of
pipeline capacity, are also turning to trains to ship their products.
(a) whether adequate
pipeline capacity exists to maximize the return on crude
oil and diluted bitumen produced in Alberta,
Cenovus Energy Inc. closed down 5.56 per cent after it said its oilsands operations have been operating at reduced rates due to wider - than - normal light - heavy
oil price differentials and
pipeline capacity constraints.
The industry has expanded
pipeline capacity and found other ways, such as rail cars, to get
oil from the middle of the country to major demand centers on the coasts.
The lower relative pricing for Canadian crude is partly caused by
pipeline capacity constraints as
oil production rises in Canada
A return to full
capacity on the line is also expected to help relieve a bottleneck in the
oil - producing province of Alberta, where increased output has run up against a shortage of
pipeline and rail
capacity.
In order to sidestep this
pipeline capacity issue, Canadian
oil producers have substantially increased transportation by rail, reaching a near high of 106,704 barrels per day in December 2015.
Additionally, tight
pipeline capacity has caused an unusually large price discount for its
oil, thereby reducing the company's current cash flow.
That is because it was proposed in requests from
oil companies to help them reach new markets by expanding the
capacity of North America's only
pipeline with access to the West Coast of Canada.
That was because it was proposed in requests from
oil companies to help them reach new markets by expanding the
capacity of North America's only
pipeline with access to the West Coast.
Despite the expectation that the tide is finally turning for Canada's
oil producers, significant challenges remain, with constrained
pipeline capacity and limited capability to expand export markets the biggest of them all.
Canadian Natural Resources Ltd. says it choked back heavy
oil production in the first quarter to avoid selling at low prices it blames on poor
pipeline capacity out of Western Canada.
Most of the current attention is focused on the lack of adequate
pipeline capacity to carry the
oil and natural gas to markets.
The new Line 3 will comprise the newest and most advanced
pipeline technology — and provide much needed incremental
capacity to support Canadian crude
oil production growth, and U.S. and Canadian refinery demand.
It isn't that they would transport «
oil» by rail (which would actually not be «
oil» but «dilbit») if there isn't enough
pipeline capacity.
It is likely these projects will be built, and with them there will be a 13 per cent surplus of export
pipeline capacity, without the Trans Mountain project, when western Canadian
oil production peaks in the 2025 timeframe.
Oil Change International, «Reconsidering the need for new
pipeline capacity in Canada»
Oil Change International, «Reality check: the end of tar sands growth»
That was because it was proposed in requests form
oil companies to help them reach new markets by expanding the
capacity of North America's only
pipeline with access to the West Coast of Canada.
The large increase in crude
oil exports to US PADD III (US Gulf Coast) market was due to new
pipeline capacity.»
Any reduction in
oil sands output from the levels imposed by the emissions cap will create even more surplus
pipeline export
capacity without the Trans Mountain project.
But in the end, increasing
pipeline capacity to get more tar sands
oil to market is a clear contradiction to Canada's promises under the Paris Agreement.
Hughes argues that there is enough existing
pipeline and rail
capacity to handle a 45 per cent ramp up in the
oil sands production.
That would place further constraints on
oil producers that have already faced steep discounts on their heavy crude as Canada's
pipeline system nears
capacity, forcing more barrels to move by rail.
Permian
oil priced at Midland, Texas, now trades at a discount of more than $ 11 a barrel to Brent as rising production bumps up against
pipeline capacity
Bochis wrote that the
pipeline would not increase the amount of
oil passing through the region because East Coast refineries are already at
capacity.
Reduced
oil demand would be nearly six times the
pipeline capacity [241], thus the carbon fee is far more effective than the proposed
pipeline.
A lack of
capacity on this end along with
pipelines facing environmental opposition have led California refiners to import
oil, often from foreign sources, via ship and pay a higher price for doing it.
Since going public in 1998, Enterprise has grown into one of the largest energy infrastructure companies in the world with approximately 50,000 miles of natural gas, natural gas liquids, crude
oil and refined products
pipelines and 260 million barrels of storage
capacity.