Biden is trying to tamp down inflation by asking OPEC to pump more, conservatives in the states have been attacking him for the gas prices.
Most of the oil buys from Russia are going to California, a market we can potentially take over once TMX is done. KXL wouldn't have tapped that market as very few internal US pipelines cross the mountains into the state. The coastal refineries buy waterborne barrels and with falling Mexican and Venezuelan heavy production they have to go to OPEC+.
Alberta is in good position if Line 3 is completed this year and TMX next year. We don't really need KXL until late decade and that probably assumes business as usual vs tightening GHG emissions.
Last edited by burn_this_city; 08-12-2021 at 10:28 AM.
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