Quote:
Originally Posted by Mr.Coffee
The pipe was always going to be fully backstopped by government anyway.
It’s not an investable thing despite what old Danielle thinks. My opinion anyway. Backstopped or somehow hugely reduced risk. Some kind of guarantees made. In my mind that’s pretty close to what you’re saying anyway.
Also- if the US refused our oil, we’d be ####ed. Like, super ####ed. Have a gander at how much we export to them and then how much export capacity we have elsewhere. New pipeline or not. Coles notes/ the new pipes needed to protect Canada on that export supply need to be gigantic.
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It would be tricky for the us to up and reject our oil, padd 2 would starve, they could fix that but it would take years and years.
Look I’m supportive of exports and diversification but under no illusions it’s an economic venture at this point.