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Enbridge to re-export Canadian oil via U.S., stirring controversy

  • Enbridge (ENB) has obtained a license to re-export Canadian oil from the U.S., becoming the first company to publicly confirm a move that could fuel debate over U.S. trade policy and oil sands pipelines.
  • ENB says its Tidal Energy subsidiary has a license to export "limited quantities" of Canadian-origin oil from a U.S. port, confirming speculation about such shipments; first cargoes are expected to sail for Europe later this month.
  • Critics of the Keystone XL pipeline (TRP) have contended that allowing re-exports of Canadian oil from the U.S. undercuts Pres. Obama's pledge to protect the climate.
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Comments (10)
  • Ajayyy
    , contributor
    Comments (332) | Send Message
     
    When I got into the stock market last year, I was shocked at how much everyone seemed to have against Obama.
    Now I'm starting to see it. Everyone has at least one or more investment for which Obama is the devil blocking their future. I totally get it now.

     

    I still have nothing against him but there have been so many instances when I find myself thinking, "if only obama would back down on this, I could make so much money on this"

     

    Happened with multiple issues such as Keystone, Crude Export, nuclear/uranium etc

     

    If he is making all these people mad, he seems to be doing his job right.
    4 Apr 2014, 05:57 PM Reply Like
  • Energysystems
    , contributor
    Comments (1728) | Send Message
     
    You're probably the type that would think he's doing his job right.
    4 Apr 2014, 06:02 PM Reply Like
  • Ajayyy
    , contributor
    Comments (332) | Send Message
     
    I'd be crazy to imagine anyone could do his job right.
    4 Apr 2014, 09:13 PM Reply Like
  • marpy
    , contributor
    Comments (1296) | Send Message
     
    Actually it has a lot to do with the fact that a lot of his policies are not good for the economy and America in general. He also seem to be incapable of getting anything done.
    5 Apr 2014, 02:47 PM Reply Like
  • ularry
    , contributor
    Comments (4) | Send Message
     
    Umm Enbridge sells dirty Canadian oil to Europe and Enbridge employees fly Air Can a lot - maybe Air Can should change order of new dirty aircraft to Airbus from Boeing.
    6 Apr 2014, 01:40 PM Reply Like
  • bobby44
    , contributor
    Comments (333) | Send Message
     
    Facts are facts. We live in a global economy - fact. Energy in all forms is a big stick when dealing with friends and foes - fact. (ask Putin) A pipeline has 2 ends - fact. If you own the valve on either end you control the flow of energy - fact

     

    Time to get the USA back in the drivers seat on something. Being #2 sucks!
    4 Apr 2014, 06:11 PM Reply Like
  • Patent News
    , contributor
    Comments (1455) | Send Message
     
    who cares?

     

    oil and can must be exported!!!

     

    russia,crimea?? look at the facts and stop being delusional about the past look to the future.
    4 Apr 2014, 07:00 PM Reply Like
  • Hendershott
    , contributor
    Comments (1635) | Send Message
     
    Or we could just stick to exporting refined products, strategically perhaps a better position.
    4 Apr 2014, 08:55 PM Reply Like
  • Ajayyy
    , contributor
    Comments (332) | Send Message
     
    But then how would I make a profit on my VLO puts?
    I don't think refiners will continue enjoying these crazy spreads.
    4 Apr 2014, 09:06 PM Reply Like
  • marpy
    , contributor
    Comments (1296) | Send Message
     
    Most of the Keystone oil that would be sent to Texas would be refined in Texas - that is where the refineries that have been upgraded to refine heavy crude are. What it would do is displace oil that now comes from Venezuela and other off shore places.
    5 Apr 2014, 02:44 PM Reply Like
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