January 25, 2013
We Need to Free Trapped Canadian Oil
James Bambino, Platts
The fact that Canada needs new markets for its crude exports is nothing new. Nor is the story about China wanting to get its hands on some of these exports, considering the $15 billion CNOOC recently threw at Nexen for its valuable Canadian acreage.
But the lines that take Canadian crude to the US are now full, according to RBN’s Sandy Fielden in a blog post last week, and that means Canada is dangerously close to running out of markets for its crude.
TAGGED: Keystone XL pipeline, oil, canada