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Buried in the IEA report about booming North American output is a warning for Canada: If the...

Buried in the IEA report about booming North American output is a warning for Canada: If the Keystone XL pipeline (TRP) isn’t built, prices for Alberta-sourced bitumen likely would remain depressed, investments to expand production could be deferred, and loading crude onto rail cars isn't a long-term solution to ease the bottleneck. The report goads officials in Edmonton and Ottawa to do more to promote the pipeline.
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Comments (2)
  • marpy
    , contributor
    Comments (1376) | Send Message
    Duuuu - Like Canada did not already know this! That is why they are looking at running/ increasing capacity of pipe west, east and north as well as the Keystone line. At least 2 of these additional lines will be built. Canada has quickly learned of the dangers of relying on one customer for a product and will be correcting the situation regardless of Keystone.
    14 May 2013, 08:35 PM Reply Like
  • bjamesh
    , contributor
    Comments (206) | Send Message
    Considering that western Canadian reserves represent about a 100 years of domestic supply I don't think Keystone XL is that critical in the long run. It will curtail some development in the short run (4 yrs) for Alberta and Saskatchewan. Both TransCanada and Enbridge are actively looking for supply commitments to ship east.


    St. John, New Brunswick (deep water port + refinery) is encouraging the eastern extension so it won't have to import as much offshore crude for that regional market. Hopefully there will be less conflict and fury along the way than what we have been witnessing recently.


    No need to excessively promote. It either stands on its own merit or it doesn't IEA.
    14 May 2013, 09:10 PM Reply Like
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