Quote:
Originally Posted by Red
Will the pipeline fix everything though?
Isn't the biggest problem cheap conventional oil that drags bitumen down?
Was the decision not to build more upgraders a bad call?
I don't know much about the industry, hoping some on here can explain what's really going on. We don't see any indication that things are going to improve soon. Or do we?
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It's not just a single pipeline that will 'fix' everything. It's going to take Northern Gateway, Trans-Mountain, Keystone XL, and TransCanada's new proposal to ship to New Brunswick to fix the transportation problem.
British Columbians will have to decide whether they want increasing numbers of rail cars full of bitumen going through their province (which have a much poorer safety record) or a pipeline (which is the safest and cheapest way to transport crude oil). The larger the differentials widen, the greater the financial incentive to get innovative with transportation alternatives and hence in my mind there's ultimately going to be solutions.