All posts tagged 'pipelines'
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Posted @ 11/16/2016 2:24 PM By Graham Hicks
Please, no more hysterics.
The sky is not falling.
American President-elect Donald Trump could be very good for Alberta.
Did we happen to mention the Keystone XL pipeline?
Alberta’s biggest challenge is not climate change and greenhouse gas emissions, but the need for new pipelines to get our stranded oil and natural gas to market.
Outgoing American President Barack Obama vetoed the Keystone XL pipeline – carrying up to 1 million barrels of dilbit (diluted bitumen) a day from the oilsands to under-utilized upgraders/heavy-oil refineries along the Gulf of Mexico. Trump has promised to reverse that decision as soon as possible.
Trump believes fossil fuels will continue to play a major role in providing cheap energy to America and the world.
Trump will take a very different environmental stance than Obama, with an underlying assumption that environmental concerns can be met without excessive government interference and subsidy.
Trump will embrace the “greening” of ...
Posted @ 3/22/2012 1:43 PM By Graham Hicks
One way or another, our bitumen (heavy oil) will get to China. There's a myth building up that the proposed but seriously opposed Northern Gateway pipeline is the only option to get oil from the oil sands to Asia.Not true. It's the most practical and likely the cheapest option, heading straight as an arrow from Edmonton through the northern B.C. interior to the port town of Kitimat.Here's the deal.We now produce 2.9 million barrels of oil a day (MBD) in Western Canada, about 60% of that from the oil sands.We can't come close to using that much - 2.1 million barrels are exported, fairly easily at the moment through existing pipelines, 99% of it heading to the Excited States.The source of our wealth? Do the math! At $100 a barrel, that's $210 million a day — or about $75 billion a year.By 2020, only eight years, we'll be up to 3.5 million barrels a day. Of that, 80% will be from the oil sands.The pipelines will get crowded. The last thing we want, as the principal beneficiaries of this thick black gooey stuff, ...