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Enbridge Pipelines to Ease Crude Logjam: Corporate Canada

Bloomberg -- Enbridge Inc. plans to expand U.S. pipeline capacity may help generate as much as $15 billion for Canadian oil-sands producers such as Suncor Energy Inc. and boost government tax revenue as Alberta crude begins to command a higher price.

Canadian crude has been backing up in the U.S. trading hub at Cushing, Oklahoma, along with oil produced in North Dakota, forcing down prices. Western Canada Select oil, a Canadian benchmark, has sold for about $42 a barrel less than world prices this year, a record gap, according to data compiled by Bloomberg. The differential is more than four times greater than the same period two years earlier.

..Enbridge’s plan may not face as many challenges as the Alberta-to-Texas Keystone XL project because it doesn’t cross the border, so it won’t need U.S. State


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Submitted Mar 29, 2012 By: DellDude2
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Enbridge Pipelines to Ease Crude Logjam: Corporate Canada Back to Topics
REPLIES (newest first) Post a Reply
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Mar 29, 2012 7:21:26 PM

"THANK YOU"
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letterchunker
Champion Author Texas

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Message Posted: Mar 29, 2012 7:20:44 PM

okay
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fuelsaverMN
Champion Author Twin Cities

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Message Posted: Mar 29, 2012 7:20:39 PM

Will that help lower gas prices? Time will tell if it does.
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ericbcire
Champion Author Nevada

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Message Posted: Mar 29, 2012 7:18:58 PM

Complete Keystone now.
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carpenter4u
Champion Author Virginia

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Message Posted: Mar 29, 2012 7:15:38 PM

Jan. 2013, Hope and change coming
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lyons_coop
Veteran Author Kansas

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Message Posted: Mar 29, 2012 7:14:08 PM

Once refined it will probably be sold on the open market to the highest bidder.
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gmcgas
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Message Posted: Mar 29, 2012 7:09:01 PM

really?
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bigoilscamsus
Champion Author Lansing

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Message Posted: Mar 29, 2012 7:05:55 PM

Enbridge Inc. is the company that had the Big crude oil spill into the Kalamazoo river in 2010! That crude was going to Canada at Port Huron to be refined and sold on the international market at the higher price!! Guess who it was being sold to, You guessed it the USA!! In 2011, a gasoline pipeline in Stockbridge Michigan leaked into a farmers field!! Guess where that gasoline pipeline was coming from, you guessed it Canada!! What we have is the greatest double cross that leads to huge profits for the Big Oil companies!! Big Oil hasn't built a new refinery in the US in over 40 years!! They have and are closing US refineries to control the market and be able to raise prices at will !! ----Congress needs to talk to a few common people and find out whats going on !! The petroleum industry must be declared a public utility and the pricing done by a commission like with natural gas!!
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jcurley
Champion Author California

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Message Posted: Mar 29, 2012 7:00:33 PM

Yeah, ship their toxic sludge across their country.
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regasaz
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Message Posted: Mar 29, 2012 6:59:57 PM

Bring it on........
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baconnie
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Message Posted: Mar 29, 2012 6:50:22 PM

Ok
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NorthglennBill
Champion Author Denver

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Message Posted: Mar 29, 2012 6:50:22 PM

So much talk and so little action. Getting very old.
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Wildman14
Champion Author Virginia

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Message Posted: Mar 29, 2012 6:47:50 PM

Really? Wonder what the Keystone pipeline would have done for us?
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vtroger
Veteran Author Vermont

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Message Posted: Mar 29, 2012 6:45:23 PM

Anyone else feel Bush really wasn't that bad?
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miiike572
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Message Posted: Mar 29, 2012 6:45:16 PM

yep
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TekWare
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Message Posted: Mar 29, 2012 6:44:04 PM

They just want to export anything they get anyway.
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A_NY_Outlaw
Champion Author Albany

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Message Posted: Mar 29, 2012 6:39:38 PM

And here we have our own refineries being closed in the US.
It has become clear under this Administration, that we are able to no longer take care of ourselves.

We have caved into the pressures of the left leaning lobbyist groups, at the mercy of speculators and become peasants under the royalty which is that of King Obama, whom might I add, sends 25 security guards with his daughter to Mexico. What a country in which we live.

Gone is respect for our Constitution.
Gone is respect for our brave men and women who serve in our Military.
Gone is respect for life.
Gone is a once-healthy economy.
Gone is mention of God and our Pledge of Allegience.

And finally, gone is the respect for the US by other countries.
Scary.

[Edited by: A_NY_Outlaw at 3/29/2012 9:41:04 PM EST]
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bettersight
Champion Author Oakland

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Message Posted: Mar 29, 2012 6:36:38 PM

ok
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walkingtall
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Message Posted: Mar 29, 2012 6:35:54 PM

A little good news.
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babugp
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Message Posted: Mar 29, 2012 6:34:24 PM

yep
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jackcleve
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Message Posted: Mar 29, 2012 6:34:10 PM

Better to buy oil from our Canadian friends than from a bunch of Arabs!
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taurus915
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Message Posted: Mar 29, 2012 6:33:46 PM

ok
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kelly1016
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Message Posted: Mar 29, 2012 6:31:22 PM

Canada just brought down a budget that weakens environmental approval process to allow large scale energy projects such as the oil sands and the gateway project to steamroll over those who have to live with the consequences. Very sad day for loyal Canadians. Great day for the Chinese and the oil and pipeline companies.
The Northern Gateway project will be approved now no matter the risk to the Environment. Our only hope now is that he loses his majority due to the illegal robot ally's during the election.
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raj_fl
Champion Author Trenton

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Message Posted: Mar 29, 2012 6:22:37 PM

mmmm
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raj_fl
Champion Author Trenton

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Message Posted: Mar 29, 2012 6:22:29 PM

very interesting news
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dancygreen
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Message Posted: Mar 29, 2012 6:20:37 PM

interesting news
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heysailor
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Message Posted: Mar 29, 2012 6:18:40 PM

Any mechanism to push up prices
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ratones1
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Message Posted: Mar 29, 2012 6:09:02 PM

waithing???
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99church
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Message Posted: Mar 29, 2012 6:07:18 PM

how soon and how much
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njerald
Champion Author Seattle

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Message Posted: Mar 29, 2012 6:05:32 PM

Drill, mine, refine and transport............The Conservative WAY
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race2IT
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Message Posted: Mar 29, 2012 6:04:09 PM

How soon will be up and operational?
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bell05
Champion Author Atlanta

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Message Posted: Mar 29, 2012 6:00:00 PM

We need to get it to the East Coast!
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TDIdave
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Message Posted: Mar 29, 2012 5:53:59 PM

hmmm.
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swrestler
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Message Posted: Mar 29, 2012 5:53:50 PM

Some Good News....
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Prodaddy
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Message Posted: Mar 29, 2012 5:53:03 PM

A little good news
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TXHUNTER1
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Message Posted: Mar 29, 2012 5:51:18 PM

Allright.
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no8c
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Message Posted: Mar 29, 2012 5:50:00 PM

Thanks for posting this article!
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bby
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Message Posted: Mar 29, 2012 5:48:52 PM

ok
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Gas Thirsty
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Message Posted: Mar 29, 2012 5:48:07 PM

Good to know.
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johnnyg1200
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Message Posted: Mar 29, 2012 5:38:36 PM

Bbreff "Why not build more refineries in different parts of the country."

Stop steeling my thunder.
All joking, aside great comment.
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jackster111
Champion Author North Carolina

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Message Posted: Mar 29, 2012 5:38:16 PM

Greed greed greed oh and GREED
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livedream
Champion Author Michigan

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Message Posted: Mar 29, 2012 5:36:24 PM

I doubt this will help reduce gas prices -- We just read in the previous article that U.S. demand is down due to high prices.
Demand is not the issue.
It is GREED.
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Akcamper
Veteran Author Tucson

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Message Posted: Mar 29, 2012 5:35:33 PM

SCREWED AGAIN OMG = OBAMA MUST GO!
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toadNY
Champion Author Albany

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Message Posted: Mar 29, 2012 5:34:22 PM

But obama is taking credit for expanding the pipe line!
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kiosk12y
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Message Posted: Mar 29, 2012 5:33:09 PM

ok
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adgam
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Message Posted: Mar 29, 2012 5:30:57 PM

ok
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bbreff
Champion Author Atlanta

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Message Posted: Mar 29, 2012 5:27:52 PM



Why not build more refineries in different parts of the counrry.

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darkknight1
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Message Posted: Mar 29, 2012 5:26:41 PM

ok
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hoosierdaddyno1
Champion Author Indiana

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Message Posted: Mar 29, 2012 5:25:29 PM

Damn when I get backed up and it finally breaks loose ,There is relief!!!!!
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DABEE1073
Champion Author San Diego

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Message Posted: Mar 29, 2012 5:21:02 PM

SO WITH ALL OF THIS CRUDE OIL BACKING UP IN OKLAHOMA THE PUMP PRICE SHOULD COME DOWN CONSIDERABLY.
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theschmuck
Champion Author Michigan

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Message Posted: Mar 29, 2012 5:18:27 PM

We'll have to wait a bit and see how this project pans out, hopefully it may help us. Our gov't isn't doing anything.
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big_mac64
Champion Author Tennessee

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Message Posted: Mar 29, 2012 5:16:42 PM

still need refineries to process all that oil.....
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