Quote:
Originally Posted by RougeUnderoos
I don't work in the O&G industry and don't pretend to know much about it, but it seems to me that if all the pipelines we want running out of Alberta were magically built tomorrow, our fortunes wouldn't be changing.
The price of oil wouldn't suddenly go up because we have these pipelines. It's not like the price went down because there Alberta couldn't get it out into the world.
These pipelines didn't exist when the latest boom was going boom and we did alright because the price was high. But now we are bitching and moaning and sadly whining when the price is down, and blaming it on some a$$hole in Montreal who doesn't matter at all, and both the provincial and federal government who can't do anything about it.
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Actually, as Campbells said, the price of oil would go up dramatically via a shrinking WCS discount as soon as pipelines are built and we expand our market.
"These pipelines didn't exist when the latest boom was going boom and we did alright because the price was high"
Shake your head man. They were important then and are even more important now as it would make the difference between profit and loss for so many companies.
http://www.bnn.ca/News/2015/9/3/Cana...essential.aspx