2 ms·
>I assumed the underlying idea was that the US will export oil to make up for Russian oil about to be sanctioned in Europe. With XL being cancelled. Canadian o
by incomingpain 5y ago
>I assumed the underlying idea was that the US will export oil to make up for Russian oil about to be sanctioned in Europe.
With XL being cancelled. Canadian oil can still get to Port Arthur for export; but would not have the capacity to still serve the US market.
In terms of Canadians helping Europe.
https://en.wikipedia.org/wiki/Energy_East https://en.wikipedia.org/wiki/Energy_East
This is the pipeline that would have been helping Europe but that got cancelled. Huge failure on our government's part for doing this.
As a hail mary they approved: https://atlantic.ctvnews.ca/n-l-bay-du-nord-oil-project-highlights-tension-between-economy-climate-goals-1.5850790 https://atlantic.ctvnews.ca/n-l-bay-du-nord-oil-project-high...
Deep water well isn't going to be getting built tomorrow. Even if they magic the best resources every and rush this... I would expect it's minimum 5 years out? Europe can wait 5 years without oil right?
Really our only option will be oil trains but those crash and burn far too often and probably wont be allowed.
So basically... Canada's promise that we are going to be there to help Europe is a lie.