Sentences with phrase «tidewater pipeline access»

Government and industry enthusiasm for tidewater pipeline access arose from a large premium that existed between international and North American oil prices between 2011 and 2014 due to a pipeline bottleneck in the US caused by a rapid increase in US oil production.

Not exact matches

For western heavy oil and bitumen producers, tidewater access may have an important stabilizing effect as it would greatly expand the market for the product, which has previously been subject to large price swings motivated by refinery or pipeline outages in the midwest.

Not having access to energy markets is costing Canada billions of dollars and the expansion of the Trans Mountain pipeline system between Edmonton, and Burnaby, B.C. (on tidewater), is a critical solution to this problem, he said.

Further reading: Robyn Allan, «Oil sands «money left on the table» and more myths» Robyn Allan, «Bitumen's deep discount deception and Canada's pipeline mania» Oil Change International, «Tar sands: the myth of tidewater access»

I also want to address a core argument made by proponents of the Trans Mountain pipeline, namely, that Alberta and Canada need more access to «tidewater» in order to capture a higher international price for oil, and thus increase public returns.