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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:18,643 Points:1,611,470 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:2,673 Points:1,197,845 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:1,356,940 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:7,896 Points:1,920,520 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:107,840 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:6,496 Points:2,104,940 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:2,000 Points:2,529,260 Joined:May 2005	Message Posted: Jun 1, 2012 11:22:36 PM Ignore crreed1 Report Abuse ok
SteelPenny Champion Author Dallas Posts:30,997 Points:2,608,915 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:10,588 Points:1,774,820 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:5,982 Points:1,278,925 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:9,022 Points:2,472,645 Joined:Mar 2005	Message Posted: Jun 1, 2012 11:16:18 PM Ignore Toppers Report Abuse Tis...
umitb Champion Author Indianapolis Posts:3,686 Points:845,390 Joined:Apr 2010	Message Posted: Jun 1, 2012 11:15:23 PM Ignore umitb Report Abuse ok
CAroadrunner101 Champion Author California Posts:1,837 Points:1,318,125 Joined:Mar 2009	Message Posted: Jun 1, 2012 11:15:09 PM Ignore CAroadrunner101 Report Abuse oh well...
Badmoon Champion Author Massachusetts Posts:8,323 Points:1,654,415 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:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: Jun 1, 2012 11:15:03 PM Ignore Blue_Cruzer Report Abuse Go Canada!
mfeldstein Champion Author Ottawa Posts:8,186 Points:1,933,405 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:32,931 Points:3,108,495 Joined:Apr 2004	Message Posted: Jun 1, 2012 11:12:55 PM Ignore Tommy4Wheel Report Abuse Obama's Fault!
regout Champion Author Quebec Posts:2,965 Points:834,655 Joined:May 2010	Message Posted: Jun 1, 2012 11:10:46 PM Ignore regout Report Abuse Oh yes....
CDMAuto Champion Author Connecticut Posts:3,806 Points:756,780 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:1,992 Points:390,790 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:1,782 Points:724,975 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:312,920 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:2,483 Points:665,125 Joined:Jan 2010	Message Posted: Jun 1, 2012 11:09:38 PM Ignore rahcat Report Abuse Old article
jem069 Champion Author Detroit Posts:2,553 Points:690,005 Joined:Jan 2011	Message Posted: Jun 1, 2012 11:08:01 PM Ignore jem069 Report Abuse ok
us4usa Champion Author Missouri Posts:6,003 Points:1,115,215 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:4,770 Points:1,219,945 Joined:Aug 2008	Message Posted: Jun 1, 2012 11:07:45 PM Ignore Mowerman08 Report Abuse Canadian problems.
jerej829 Champion Author Memphis Posts:2,866 Points:695,915 Joined:May 2011	Message Posted: Jun 1, 2012 11:07:43 PM Ignore jerej829 Report Abuse Ok
rippinusoff Champion Author Lexington Posts:7,418 Points:1,490,700 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:2,243 Points:613,065 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:1,072,550 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:3,237 Points:820,495 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:3,724 Points:803,545 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:3,035 Points:1,315,170 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:2,525 Points:634,155 Joined:Sep 2005	Message Posted: Jun 1, 2012 10:53:27 PM Ignore 95Vette Report Abuse What-ever
SandeeC Champion Author Ontario Posts:3,003 Points:461,905 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:4,350 Points:898,010 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:691,490 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:6,660 Points:1,213,780 Joined:May 2006	Message Posted: Jun 1, 2012 10:45:55 PM Ignore DrLyon Report Abuse Go...
jrsva Champion Author Virginia Posts:9,866 Points:1,615,135 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:7,937 Points:1,577,905 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:8,080 Points:1,734,140 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:10,061 Points:1,489,805 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:676 Points:560,415 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:1,720 Points:670,350 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.