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Too much of a good thing: Many of Canada’s oil pipelines are full, and analysts warn of...

Too much of a good thing: Many of Canada’s oil pipelines are full, and analysts warn of production shut-ins and only less-expensive oil sands projects moving ahead. Canadian Natural Resources (CNQ) and Suncor (SU) may delay plans for key projects, but others under development for years, such as Imperial Oil’s (IMO) Kearl mine that's on the verge of producing its first oil, can’t be switched off.
Comments (1)
  • here i was, thinking that the cheaper cost of production of regular oil and the increasing american production of regular oil, and the "production backlogs in cushing" was hurting the more expensive goo from the tar sands.

     

    suddenly it's the lack of pipe bore that's causing the problem.

     

    huh. go figure.

     

    "oh, the world of oil is a very funny place,
    where everyone wears a funny funny face..."
    29 Nov 2012, 10:51 AM Reply Like
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