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Record flooding in Alberta will take a ~$2B bite out of Canada's economic output, BMO predicts,...

Record flooding in Alberta will take a ~$2B bite out of Canada's economic output, BMO predicts, but for most key industries the effects were similar to a snowstorm. Movement of potash (POT, AGU, MOS) from mines to western ports was halted but should resume in a few days, a nitrogen facility (CF) was shut as a precaution, and Canadian Pacific (CP) is set to reopen its main rail line west of Calgary. Hardest hit may have been Enbridge (ENB), which shut two major pipelines after a spill at a smaller line, a move which boosted U.S. crude oil futures.
Comments (1)
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    We really need a pipeline to move Balkan shale oil to refineries on the Gulf. Forget Canada oil sands. Use what we got first, then look to Canada. Plus, if we use just oil shale, all the oil moved through the pipeline would stay in America. Not all the oil sands moved through the Keystone Pipeline would stay in America. I think that is one big reason holding back the Keystone Pipeline.

     

    I would go for a pipeline to move Balkan shale oil only. Ditch the Keystone Pipeline.
    25 Jun 2013, 08:11 AM Reply Like
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