The #XL Pipeline is a waste of time and
should not receive a cent from Alberta! It is Kenny's allegiance to the US
coupled with a payoff to Conservative buddies that is putting this up. Politically, it also pits teachers pensions against any move by the fed in the future to
cancel it. The Liberals should be
moving on it now!
The US
is self-sufficient in oil now, what they import, they process and export. For
the first time in their history, they are exporting condensate to Mexico who,
in turn, are now in a position to make the range of types of gasoline. This
condensate excess comes from the Balkan shale play, and it can't be injected
back into the feed as this will only produce higher quantities of condensate
coming out.
Obama
set all this in play by building 23000 miles of new pipelines between the US
oil divisions. These divisions are now full to capacity, as is the US emergency
storage used to balance the oil markets.
Point
is whatever goes though this pipeline is adding to US exports and working
against the promise of the Trans Mountain pipeline which the US sees as
opposition and is supported by the Conservatives.
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