Thursday, July 30, 2015

XL Pipeline, Notley and the mess we are in.(edit)

#Notley is not anti oil! Our output is restricted into the US because of a newly inked deal with Mexico which can only mean less oil into Cushing OK. None of this has to do with the NDP or even Canada for that matter.  The proposed pipeline from Cushing to the the Gulf has been cancelled indefinitely.
The oil glut is in place and its here to stay; the world has changed. At the onset of this I predicted 20.00 oil and the crisis extending on for 5 or 6 years. That's two years ago now!  

The US deal with Iran is going to ramp up production in Iran and bring it into the US.  That is what lifting the embargo is all about.  The US were not interested in their cashew harvest.  Iran can produce 6.4 million barrels per day! (Forbes) The US is using oil in place of armed intervention.
#Recent financial articles are saying the world is grossly overproduced and the problem will be with us for another 6 or 8 years!  Iran will soon put another 100,000 or 1,000,000 barrels of oil on the market. That has the Saudi very nervous and leaves Alberta and Canada someplace between the outhouse and the woodshed so to speak.
I ask you; why build a pipeline to the US when there is no oil to ship there? The #US are well under way in building 11 500  miles of new 36" line internally hooking up their 5 jurisdictions and the newly active shale projects including Utah who have just started one out of many sites and it is talking 3000 bbs a day production.
The US are self sustaining.  They will import only enough oil to serve their political agenda a suitable interaction with their gun boat diplomacy.   Our only real market lay in Canada! We should not have to bleed money importing oil; we should be thinking as is the case now, how to expedite our own market place.
#Keystone XL has a plan that is good for Keystone XL and really when you stop to think about it does nothing for Alberta! Notley is on the right track and needs our support.

Another critical thing in the mix is the huge amount of US money that is pouring into BC and Alberta to support protesters of different stripes, all against us getting our oil to market.  When you see these protests on TV ask yourself, who is paying them?
#As I said yesterday; great time to upgrade your education. You may be a brain surgeon by the time this is over.

What do I want?
I want to see a modern refinery in place in Alberta as Rachel has outlined in her agenda for the future.  I want a step further.  I want a modern high capacity, multi faceted refinery; one that is also capable of producing the worlds finest synthetic oil, a market that will grow as supplies increase because of the growing demand for synthetic blends.

Synthetic oil is made from molecular fermentation but would fit beautifully into a new refinery complex.  Put the U of A to work now! 




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