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> About 30% (of that 25% above) is oil & gas etc. That's easilly sellable on the global market. No, it's not. The bulk of Canada's oil sells at a discount (the
by badc0ffee 1mo ago
> About 30% (of that 25% above) is oil & gas etc. That's easilly sellable on the global market.
No, it's not. The bulk of Canada's oil sells at a discount (the WCS price), because most of it can only be bought by the US.
In order to change this, Canada would need to dramatically ramp up pipeline capacity to its coasts, and Canadian domestic politics stand in the way of that more than anything else.
- defrost 1mo agoThere's always flogging LNG from coastal floating platforms at (IIRC) global third place by volume (after Australia's Gorgon and Karratha basins): * https://www.gem.wiki/Ksi_Lisims_FLNG_Terminal https://www.gem.wiki/Ksi_Lisims_FLNG_Terminal * https://www.ksilisimslng.com/ https://www.ksilisimslng.com/ * Juice media: https://www.youtube.com/watch?v=Lt6Hmp9ndkI https://www.youtube.com/watch?v=Lt6Hmp9ndkI ( note: thanks to a savage sinus blockage my energy terminal capacity-fu is sketchy ATM, feel free to correct and rank global LNG and contrast against oil edit: Sabine Pass Liquefaction (Gulf of the Americas) is larger than the three I've mentioned: https://www.cheniere.com/about/where-we-work/sabine-pass https://www.cheniere.com/about/where-we-work/sabine-pass)
- badc0ffee 1mo agoYes, we are building a massive LNG export facility in BC. But moving oil to the coasts, or even around within the country, is much more painful.