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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This decision has pretty much put me in a state of depression the last week.
It pretty much guarantees that major expansions at places like Christina Lake and Foster Creek are dead.
I am not going to make the case for Alberta oil here. There are hundreds if not thousands of posts on the form making the case.
It’s just a sad day. I just feel helpless and sad.