Quote:
Originally Posted by PeteMoss
I'm no O&G expert.. but 90% of the problem is we are a zillion miles away from any potential customer. If Russia hadn't attacked Ukraine - there would be no market outside of Asia for this stuff. I can't imagine companies are lining up to build wildly expensive projects that depend on Russia decided to attack other countries to be make money.
Could/should we ship to Asia - sure but the idea that an industry that somehow stops investment when there is uncertainty from royalty review is going to start building out infrastructure that only makes money if Russia goes crazy doesn't seem likely.
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A part of the problem Canada still imports a lot of oil instead of buying the domestic product.