Mountain Man
Senior Member
The one thing I wonder is if we do get some new pipelines, whether global oil companies will want to have a presence here again.
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Calgary & Alberta Economy
- Thread starter Oddball
- Start date
darwink
Senior Member
My understanding: The old growing presence here, leasing land in the oil sands, was a pre-shale phenomenon where to comply with accounting rules which enable listing on stock exchanges, companies needed to demonstrate they were going concerns by maintaining a certain percentage of yearly production as proven reserves. Typically at least 10 years of production, if not more. Oil sands production while expensive is very reliable and requires little investment to classify as proven.
We might see that again as other basins (or current technology exploitation of basins) move towards their Hubbert's peak. Intent to produce is not required, only the option to.
Chowda7
Active Member
Arctic port eyed to ship energy, other commodities to Europe: federal energy minister
"There is an opportunity to make Churchill a far more strategic port," says federal Energy Minister Tim Hodgson.
calgaryherald.com
Hopefully they can make this work. Much shorter route, plus less provinces involved, specifically one particular province.Arctic port eyed to ship energy, other commodities to Europe: federal energy minister
"There is an opportunity to make Churchill a far more strategic port," says federal Energy Minister Tim Hodgson.
Chowda7
Active Member
If Manitoba is on board then it's going to be a lot easier and quicker for sure
InfrastructureEnthusiast
Active Member
I'm having a tough time taking this one seriously, seems more performative than anything.
Overlooking the ice issues, by the time this could get built the Ukraine war will be over and Europe will be back on Russian energy.
The solution to the problem province preventing an east coast energy link is simple, if they don't agree to a no nonsense energy corridor then they can get iced out of theirwelfare payment equalization money.
Overlooking the ice issues, by the time this could get built the Ukraine war will be over and Europe will be back on Russian energy.
The solution to the problem province preventing an east coast energy link is simple, if they don't agree to a no nonsense energy corridor then they can get iced out of their
darwink
Senior Member
This doesn’t make much sense to me but if people think they can do it I guess whatever sure go ahead.Arctic port eyed to ship energy, other commodities to Europe: federal energy minister
"There is an opportunity to make Churchill a far more strategic port," says federal Energy Minister Tim Hodgson.
darwink
Senior Member
There is no need.
Would help to have a proposal first. Energy east was always quite a weak proposition. And that was before its budget started spiralling. TC was looking for a way to kill it without being left with the bill to date for years.
InfrastructureEnthusiast
Active Member
You may be right about that, I'm not so much interested in government construction projects as much as having an appropriate framework in place that allows industry to act quickly if and when the time comes.
A national energy corridor and interprovincial free trade are not concepts that should have taken 160 years to enact, but here we are..
That all said, I imagine there will be some significant energy requirements for processing the ores from the coming ring of fire mines in north ON, so maybe we'll see a portion of the energy corridor developed sooner than later.
darwink
Senior Member
No one has explained how that would actually work beyond magic. Permitting is really technical and you can’t disconnect that from doing the work on the ground. There are ways to do permitting faster but they cost more since it is doing things simultaneously and going back to align things as the preferred alternative evolves.
I think an all Canadian line to around Cardinal/Iroquois in Ontario is very likely. 700,00-800,000 barrels. Maybe some investigation of whether anyone wants to export overseas from the Montreal tanker loading port currently used to supply Quebec City.
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