Quote:
Originally Posted by puckedoff
Global oil production faces massive annual declines just due to production curves, so Canadian oil will have a buyer well beyond 2036+ as the oil sands production is relatively constant.
Even if global oil demand has peaked, thats still 100+ million barrels per day that needs to come from somewhere, which may as well be Canada.
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Not to mention if the logic is that another seller will flood the market, why don’t we?
He is wrong, the pipeline is needed for sure. Export capacity will be constrained next year, and if we want leverage with the USA, we need it more than ever (and urgently).
Also oil is used for more things than electricity can replace. Also population is growing to 2036 onward. Also jet fuel. Also this. Also that. Also… here’s a big one- why shoot ourselves in the foot?