Thread: Alberta, USA???
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  #39  
Old 02-04-2023, 03:08 PM
Drewski Canuck Drewski Canuck is offline
 
Join Date: May 2007
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"If it was Alberta USA, We'd have a pipeline to the gulf and it would be Texas North. Even though Biden campaigned against it in 2020, someone who is actually running the USA has seen a benefit to the production in Alaska. Biden just says what he's told to say."

Well, we already have a pipeline to the gulf. But we are not REALLY the Texas of the North.

That is because the US Multinational Companies producing the oil sands, are the ones who are buying the Bitumen. For some STRANGE REASON, they discount the value of our Bitumen as it is synthetic crude that is upgraded. The Discount has been as high as $40 a barrel at times from what West Texas Intermediate sells for or what Brent sells for.

The US Multinationals are taking upwards of 500000 barrels a day through the Hardisty hub, to the Gulf Coast. They just are not paying full price because we do not have anyone ELSE to sell to.

That is where a pipeline to a Pacific Port comes in. But then the oil will not be sold to China or South Korea, because the US would not allow that.

Just for a crazy thought, what if we had a nation from Manitoba to Alberta, and we shipped oil seasonally through the Hudson Bay like we once did with Wheat? As global warming lengthens the shipping season, there would be a good amount of oil export, that would not be discounted.

Then we would be the wealthy nation that would be free from US Bitumen discounting, and we would be free from Ottawa's exploitation.

Who knows, maybe parts of BC would go with us to allow oil export access to the Pacific from Prince Rupert.

Drewski
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