Quote:
Originally Posted by burn_this_city
I'm not too broken up about KXL. Truth be told I've questioned it's necessity for the last couple of years. We have pipe going in the ground for both Line 3 and TMX, is there really a business case for another 800kbpd?
The age of major projects is probably behind us for good, I'm skeptical we're going to add more production where the additional takeaway is needed.
Industry is looking hard at reducing diluent requirements, that's where I see our incremental capacity increases happening going forward. We could add 1/3 more production if we eliminated diluent blending.
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Should be pushing pipelines hard to the coast, and some major LNG projects.
LNG is at a record high price level currently and its going to be a growth market for years.