Quote:
Originally Posted by SebC
No idea, but if BC didn't want a navy base would that fly? Because this is pretty much the same thing.
If BC allows the pipeline but doesn't allow raw bitumen shipments, then Black's refinery would have a monopsomy (i.e. be a sole buyer, kind of like a monopoly but in the buyer's favour) on all the oil that goes into the pipeline. He'd get the Western Canadian price (or close to it) until the pipeline bottleneck is resolved by other methods.
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That is why I can't imagine his plan flying. Why would Enbridge spend all that money and time to bring oil from a low cost environment to another low cost environment. If they do build it I can't imagine producers commiting to ship oil at minimal profit.
His whole plan seems like politics and possibly extortion.