Advertisement

January 25, 2013

We Need to Free Trapped Canadian Oil

James Bambino, Platts


AP Photo

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.

Read Full Article ››

TAGGED: Keystone XL pipeline, oil, canada

RECOMMENDED ARTICLES

January 18, 2013
Exxon's Epic Plans for Offshore Drilling
Steve Hargreaves, CNNMoney
Two hundred miles southeast of Newfoundland, not far from where the Titanic sank, ExxonMobil is spending $14 billion to drill one of the biggest oil fields in the North Atlantic. more ››
January 16, 2013
Why America Needs Less Canadian Oil
Peter Tertzakian, Globe & Mail
If peddling wares in one market gets too price competitive, then it’s time to pack up the fruit stand and seek spendthrift buyers elsewhere. That’s what any savvy vendor would do. We know that’s what Canada must do: find... more ››
January 16, 2013
The Oil Patch Enters a New Tech Era
Shawn McCarthy, Globe and Mail
Dan Themig is in the vanguard of an energy revolution. Mr. Themig is a founder and chief executive officer of Packers Plus Energy Services Ltd., a 12-year-old Calgary firm that is a leading innovator in the hydraulic fracturing... more ››
January 21, 2013
What Happened Canada's Energy Visionaries?
C. Cattaneo, Financial Post
An outsider peering into the Canadian energy scene today would see a closely knit community dominated by 10 or so powerful companies, highly profitable in good times, in which compensation is generous and there is work to be... more ››
January 25, 2013
Who Wins When the Keystone Oil Flows?
Claudia Assis, MarketWatch
A decision on TransCanada Corp.’s Keystone XL pipeline is fraught with political peril for the Obama administration, but for investors the question to ask is clear: If the line is going to be approved, which companies will... more ››
|