Given the latest memorandum of understanding signed by Daniel Smith and Mark Carney on the proposed pipeline through BC, I thought Id toss this and other Canadian pipeline dreams up for discussion. Feel free to express your opinions and reasoning behind them. Roughly 60% of Canadians support the AB-BC pipeline. Personally I support the pipeline proposal but cautiously think that Carney's signing of the understanding is nothing but a ploy to make western provinces think he cares about us. Unless they can find a proponent to offer to build it, and Carney is prepared to veto BC's premier's and the Coastal First Nation's arguments against it, I can't see it being built. If I am wrong, it also sets the stage to veto Quebec's argument and approve the eastern pipeline in the future as well.
Your thoughts?
Your thoughts?
Canada imports roughly 500,000 barrels of oil per day at a cost of about $20 billion per year. 320,000 of those barrels per day go to Canada's largest refinery in New Brunswick (Irving Oil). Alberta produces about 3.1 million barrels per day and we would like nothing better than to supply all of Canada's oil instead of shipping it to the US and then buying it back from them. Makes no sense but the vast majority of Canadians only know that their gas comes out of a hose and electricity comes out of wires in their walls.