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Curtain Closing on Canadian Crude

Oilprice.com -- Shell announced plans to expand its oil sands operations in Alberta province by as much as 90,000 bpd and said similar efforts were under way to make the country's western coast a major export hub for liquefied natural gas. The company's chief executive said Canadian regulators need to act quickly or lose out to similar developments in the Middle East and Australia. With mass protests spilling out of Montreal, and opposition leaders quickly getting under the skin of the conservative Canadian government, the supermajor better move fast before time runs out.

"If Canada wants to compete with those projects when they come into the Asia Pacific, there is a certain time window," he said.

That window may soon be closing.

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Submitted Jun 01, 2012 By: NOTSOGRN

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Jun 4, 2012 4:54:11 AM Ignore honda0105 Report Abuse jimpeel: that oil was never meant for the American market. The Gulf refineries were going to ship it mostly to Europe where fuel is a lot more expensive, thus bringing in higher profits (even with the transport costs).
LQQKGAS Champion Author Phoenix Posts:2,658 Points:1,193,170 Joined:Oct 2009	Message Posted: Jun 2, 2012 8:28:32 AM Ignore LQQKGAS Report Abuse Open the curtain, even if it is an iron curtain.
1006 Champion Author Birmingham Posts:1,105 Points:1,351,815 Joined:Apr 2008	Message Posted: Jun 2, 2012 7:40:40 AM Ignore 1006 Report Abuse we must build pipelines here to open up access.
Focus2 Champion Author Illinois Posts:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Jun 1, 2012 11:47:20 PM Ignore Focus2 Report Abuse Americans coming down on us for not riding rough shod over States rights for a pipeline to transport Canada's golden goose to Asia market. People gripe about the pipeline going west to China market, but its okay to cross America to Gulf Ports and on to China. Its the same either way, unless the USA gets the spills and bad air and health problems.
jimpeel Veteran Author Colorado Posts:462 Points:107,190 Joined:Mar 2005	Message Posted: Jun 1, 2012 11:44:57 PM Ignore jimpeel Report Abuse Thank you Mr. Obama. Now the oil will be shipped overseas instead of fueling America's needs.
Zonk Champion Author Michigan Posts:6,466 Points:2,099,840 Joined:Oct 2005	Message Posted: Jun 1, 2012 11:25:17 PM Ignore Zonk Report Abuse The curtain is long from closing on Canadian crude. China is still available to purchase.
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Jun 1, 2012 11:22:36 PM Ignore crreed1 Report Abuse ok
SteelPenny Champion Author Dallas Posts:30,922 Points:2,604,565 Joined:Sep 2005	Message Posted: Jun 1, 2012 11:19:30 PM Ignore SteelPenny Report Abuse Zero'BOY will be moving out next January.
clermont40miles Champion Author Cincinnati Posts:10,548 Points:1,768,870 Joined:Apr 2008	Message Posted: Jun 1, 2012 11:18:19 PM Ignore clermont40miles Report Abuse At least Canada is producing. That is a good thing. Too bad we are so stupid as to shun using oil from a friendly country.
Vette1967 Champion Author Albany Posts:5,952 Points:1,273,075 Joined:Jun 2009	Message Posted: Jun 1, 2012 11:17:09 PM Ignore Vette1967 Report Abuse Does this administration consider getting Canadian oil a foreign import?
Toppers Champion Author Atlanta Posts:8,997 Points:2,467,770 Joined:Mar 2005	Message Posted: Jun 1, 2012 11:16:18 PM Ignore Toppers Report Abuse Tis...
umitb Champion Author Indianapolis Posts:3,659 Points:840,415 Joined:Apr 2010	Message Posted: Jun 1, 2012 11:15:23 PM Ignore umitb Report Abuse ok
CAroadrunner101 Champion Author California Posts:1,807 Points:1,312,175 Joined:Mar 2009	Message Posted: Jun 1, 2012 11:15:09 PM Ignore CAroadrunner101 Report Abuse oh well...
Badmoon Champion Author Massachusetts Posts:8,293 Points:1,648,565 Joined:Oct 2008	Message Posted: Jun 1, 2012 11:15:04 PM Ignore Badmoon Report Abuse Just roll right over the opposition.
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Jun 1, 2012 11:15:03 PM Ignore Blue_Cruzer Report Abuse Go Canada!
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Jun 1, 2012 11:14:36 PM Ignore mfeldstein Report Abuse Harper's going down.
Tommy4Wheel Champion Author Wilmington Posts:32,889 Points:3,102,645 Joined:Apr 2004	Message Posted: Jun 1, 2012 11:12:55 PM Ignore Tommy4Wheel Report Abuse Obama's Fault!
regout Champion Author Quebec Posts:2,935 Points:828,705 Joined:May 2010	Message Posted: Jun 1, 2012 11:10:46 PM Ignore regout Report Abuse Oh yes....
CDMAuto Champion Author Connecticut Posts:3,778 Points:750,990 Joined:Apr 2011	Message Posted: Jun 1, 2012 11:10:40 PM Ignore CDMAuto Report Abuse did you expect different
Dailyrun Champion Author Kentucky Posts:1,967 Points:385,915 Joined:Apr 2012	Message Posted: Jun 1, 2012 11:10:32 PM Ignore Dailyrun Report Abuse New sources = lower prices?
tco9436 Champion Author Connecticut Posts:1,772 Points:719,925 Joined:Mar 2010	Message Posted: Jun 1, 2012 11:09:45 PM Ignore tco9436 Report Abuse wow
DandyDapple All-Star Author North Dakota Posts:715 Points:308,570 Joined:Sep 2008	Message Posted: Jun 1, 2012 11:09:42 PM Ignore DandyDapple Report Abuse Join the club ...
rahcat Champion Author Grand Rapids Posts:2,453 Points:660,025 Joined:Jan 2010	Message Posted: Jun 1, 2012 11:09:38 PM Ignore rahcat Report Abuse Old article
jem069 Champion Author Detroit Posts:2,523 Points:684,155 Joined:Jan 2011	Message Posted: Jun 1, 2012 11:08:01 PM Ignore jem069 Report Abuse ok
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Jun 1, 2012 11:07:46 PM Ignore us4usa Report Abuse Looks like only time will tell on this one???
Mowerman08 Champion Author Milwaukee Posts:4,745 Points:1,215,070 Joined:Aug 2008	Message Posted: Jun 1, 2012 11:07:45 PM Ignore Mowerman08 Report Abuse Canadian problems.
jerej829 Champion Author Memphis Posts:2,841 Points:690,940 Joined:May 2011	Message Posted: Jun 1, 2012 11:07:43 PM Ignore jerej829 Report Abuse Ok
rippinusoff Champion Author Lexington Posts:7,393 Points:1,485,075 Joined:May 2007	Message Posted: Jun 1, 2012 11:07:36 PM Ignore rippinusoff Report Abuse how about a "curtain call"?
megadiesellv Champion Author Atlanta Posts:1,474 Points:503,585 Joined:Sep 2011	Message Posted: Jun 1, 2012 11:07:28 PM Ignore megadiesellv Report Abuse Let's go canada.
camaro_man Champion Author Kitchener-Waterloo Posts:2,216 Points:608,100 Joined:Jun 2010	Message Posted: Jun 1, 2012 11:06:24 PM Ignore camaro_man Report Abuse wow
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,067,300 Joined:Mar 2004	Message Posted: Jun 1, 2012 11:04:32 PM Ignore miser709 Report Abuse Too much talk, not enough action.
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Jun 1, 2012 10:59:45 PM Ignore uptherefiners Report Abuse @jrsva so what do you propose, buy from iran? junkie still needs it's fix
mcmonsta Champion Author Honolulu Posts:3,212 Points:815,520 Joined:Sep 2009	Message Posted: Jun 1, 2012 10:59:22 PM Ignore mcmonsta Report Abuse only if it reduces our gas prices
vegan_power Sophomore Author Hartford Posts:126 Points:51,030 Joined:Feb 2012	Message Posted: Jun 1, 2012 10:58:31 PM Ignore vegan_power Report Abuse oh canada -
GJA175 All-Star Author British Columbia Posts:735 Points:218,685 Joined:May 2011	Message Posted: Jun 1, 2012 10:58:30 PM Ignore GJA175 Report Abuse Pipeline transport to the West Coast is a poor idea., especially with the cuts to safety services in the Government..
JSX515 Champion Author St. Louis Posts:3,698 Points:798,670 Joined:Feb 2011	Message Posted: Jun 1, 2012 10:58:16 PM Ignore JSX515 Report Abuse hum
animal_rights Sophomore Author Hartford Posts:117 Points:46,150 Joined:Feb 2012	Message Posted: Jun 1, 2012 10:56:38 PM Ignore animal_rights Report Abuse ok
NemoIL Champion Author Illinois Posts:3,005 Points:1,309,220 Joined:Aug 2008	Message Posted: Jun 1, 2012 10:54:29 PM Ignore NemoIL Report Abuse Obamanomics has sent this oil and gas to China. How much more of this can we take?
95Vette Champion Author Missouri Posts:2,510 Points:629,630 Joined:Sep 2005	Message Posted: Jun 1, 2012 10:53:27 PM Ignore 95Vette Report Abuse What-ever
SandeeC Champion Author Ontario Posts:2,983 Points:459,505 Joined:Apr 2011	Message Posted: Jun 1, 2012 10:53:19 PM Ignore SandeeC Report Abuse Here we go again - "...mass protests spilling out of Montreal..." - East against the West. Same old story.
DTroytNC Veteran Author Charlotte Posts:366 Points:62,510 Joined:Jan 2012	Message Posted: Jun 1, 2012 10:52:18 PM Ignore DTroytNC Report Abuse How does developing a resource "artifically inflate the Canadian dollar"? Fuzzy economic theory by politicians who have another a non-economic agenda but know the voter is most concerned about their pocketbook right now.
darkknight1 Champion Author Winston-Salem Posts:4,320 Points:892,810 Joined:Nov 2010	Message Posted: Jun 1, 2012 10:51:55 PM Ignore darkknight1 Report Abuse Oh brother.
menagerie1013 Champion Author San Diego Posts:2,365 Points:687,265 Joined:Apr 2011	Message Posted: Jun 1, 2012 10:51:06 PM Ignore menagerie1013 Report Abuse A pipeline is not the answer.
DrLyon Champion Author Michigan Posts:6,640 Points:1,209,180 Joined:May 2006	Message Posted: Jun 1, 2012 10:45:55 PM Ignore DrLyon Report Abuse Go...
jrsva Champion Author Virginia Posts:9,835 Points:1,610,075 Joined:Jan 2006	Message Posted: Jun 1, 2012 10:44:38 PM Ignore jrsva Report Abuse Leave the tar sands in the ground for now. It is a filthy oil deposit with a very low net energy content and a high environmental pricetag. If bypassed now it will be there for the future when, possibly, new technology could make it a practical rather than marginal resource.
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Jun 1, 2012 10:44:05 PM Ignore abcdMA Report Abuse If this was here, the furtain would have closed already, with the administration pulling the strings
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Jun 1, 2012 10:43:12 PM Ignore mstearno Report Abuse go shell thanks NOBAMA
30mpg80 Champion Author Lexington Posts:9,998 Points:1,484,930 Joined:Nov 2008	Message Posted: Jun 1, 2012 10:42:24 PM Ignore 30mpg80 Report Abuse No rush at all! Sell the oil soon or sit on it and sell it later for a higher price as oil is depleted.
Godozo All-Star Author Gary Posts:651 Points:555,440 Joined:Dec 2010	Message Posted: Jun 1, 2012 10:42:23 PM Ignore Godozo Report Abuse We'll get that new pipeline in due time. By the time the elections are over Keystone XL will come up with a workable plan, and whomever's president by then will get the credit for greenlighting the pipeline. Whether Keystone will care by then is another issue altogether.
gasmack Champion Author Ventura Posts:1,696 Points:664,620 Joined:Feb 2011	Message Posted: Jun 1, 2012 10:42:16 PM Ignore gasmack Report Abuse I'm sure Canadians will make the right decisions.