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Energy East Pipeline considered while America dawdles

Faster horses

Well-known member
http://www.inquisitr.com/1527159/energy-east-as-america-dawdles-on-keystone-xl-canada-ponders-another-route-for-oil/



The Keystone XL pipeline has been a source of controversy and debate since it was announced but it looks like Canada’s oil industry might be willing to ditch Keystone entirely, as they might have found a different route that doesn’t even have to go through America.


The project is called Energy East and, according to a new Bloomberg report, it does exactly that: it takes Canada’s oil sands crude east instead of south. Right now, the project is still in the planning and approval stages, but if it gets the green light, it could let Canada’s oil industry end-run around the difficulties it has faced in getting Keystone built.

It could also light a fire under America to get Keystone XL past its own regulatory hurdles.

Energy East would start off in Alberta, where a wealth of crude oil is locked in that region’s oil sands. The pipeline would run 2,858 miles across Canada to New Brunswick where it would meet the Atlantic, crossing six provinces and four time zones in the process. Oil pumped through the Energy East project would still have access to the same Louisiana and Texas oil refineries that the Keystone XL pipeline was meant to supply.

Read more at http://www.inquisitr.com/1527159/energy-east-as-america-dawdles-on-keystone-xl-canada-ponders-another-route-for-oil/#Vqck5CPyUKDdFbci.99
 

Steve

Well-known member
Energy East would start off in Alberta, where a wealth of crude oil is locked in that region’s oil sands. The pipeline would run 2,858 miles across Canada to New Brunswick where it would meet the Atlantic, crossing six provinces and four time zones in the process. Oil pumped through the Energy East project would still have access to the same Louisiana and Texas oil refineries that the Keystone XL pipeline was meant to supply.

it wouldn't have to go that far to get refined.. we have a half dozen shuttered refineries locally. if there is a buck to be made and a steady flow of oil coming in.. they may upgrade to refine the heavier crude..


PADD 1 (East Coast)

PADD 1 covers the East Coast of the United States. Due to their location, refineries in the central US have enjoyed cheap domestic tight oil and discounted oil sands production from Canada. Meanwhile, refineries on the East Coast have been forced to buy oil from overseas at higher world prices due to North American pipeline bottlenecks. Five refineries on the US East Coast have been forced to close since 2010, and three more were threatened with closure before they sold at discounted prices.

East Coast refineries must bring in domestic North Dakota Bakken oil and imported Western Canadian oil sands production by rail.[73] Imports account for the vast majority of PADD 1 refinery feedstock, but only a small portion of it comes from Canada, Most of the refineries can handle only sweet, light crude oil, so even heavy, sour Western Canadian Select would not be a good feedstock. Imports of heavy oil from Western Canada could rise in the next few years via deliveries by rail, but it is unlikely that much oil sands production will be processed there.

well we have 8 shuttered refineries.. and we all know it is easier to expand and retrofit an existing refinery then to build new ones..

an east coast pipeline would be a game changer..
 

Steve

Well-known member
hypocritexposer said:
They might not want to rely on Americans too much anymore...

the EU who once made rules against using dirty oil have been persuaded by Putin to rethink their options..

BRUSSELS—Canada scored a victory Tuesday when the European Union ditched plans to label oil derived from oil sands as dirtier than other forms of crude, removing a major potential obstacle to exporting the controversial fuel to Europe.

The watering down of the proposals means that oil suppliers will now be able to put oil from oil sands in the same category as conventional oil, whereas it would previously have been designated as 25% more carbon-intensive. Refiners will now be freer to import greater volumes of the product.

The announcement by the European Commission coincided with the arrival of 700,000 barrels of oil from Alberta on the Italian island of Sardinia, the second such cargo to be shipped to Europe.

oil is international... if the EU buys cheaper Canadian oil,.. then they need less Saudi oil.. which drives down price and production in the middle east...

the only loser in the Balkans/Canadian oil is the middle east..

today a huge chunk of the middle east is in flames.. and oil prices are dropping...

either our economy really sucks.. or opec is losing it's clout..

I am for both pipelines.. heck build a few dozen.. and throw in a few more natural gas pipelines as well...
 

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