I don't see a scenario where Energy East gets revived. Like Mr. Coffee said, the economic case is not there. Building these projects requires commitments from shippers to supply the oil and pay the tolls, and I don't see any of the large players wanting to take that on. Not to mention the new hurdles like C-69 that layer on even more uncertainty to the slow moving projects of today.
In fact, if Line 3R, TMX, and KXL all get built there may be more pipeline capacity than we ever need. The investment case for major oil sands growth projects is no longer compelling and it is tough to envision any new mines getting sanctioned. In situ might see some growth but emissions and regulations are becoming increasingly large hurdles. There would have to be quite an extended period of high oil prices before companies start allocating capital towards large scale growth. Investors around the world have been burned over the last decade by oil companies growing production to their own detriment.
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