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Enbridge Pipelines to Ease Crude Logjam: Corporate Canada

Bloomberg -- Enbridge Inc. plans to expand U.S. pipeline capacity may help generate as much as $15 billion for Canadian oil-sands producers such as Suncor Energy Inc. and boost government tax revenue as Alberta crude begins to command a higher price.

Canadian crude has been backing up in the U.S. trading hub at Cushing, Oklahoma, along with oil produced in North Dakota, forcing down prices. Western Canada Select oil, a Canadian benchmark, has sold for about $42 a barrel less than world prices this year, a record gap, according to data compiled by Bloomberg. The differential is more than four times greater than the same period two years earlier.

..Enbridge’s plan may not face as many challenges as the Alberta-to-Texas Keystone XL project because it doesn’t cross the border, so it won’t need U.S. State

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Submitted Mar 29, 2012 By: DellDude2

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rjhenn Champion Author Des Moines Posts:22,419 Points:2,226,625 Joined:Aug 2005	Message Posted: Apr 7, 2012 7:38:30 PM Ignore rjhenn Report Abuse ???
1006 Champion Author Birmingham Posts:1,105 Points:1,351,815 Joined:Apr 2008	Message Posted: Apr 6, 2012 7:23:13 PM Ignore 1006 Report Abuse what do you know beans
rjhenn Champion Author Des Moines Posts:22,419 Points:2,226,625 Joined:Aug 2005	Message Posted: Apr 6, 2012 12:39:28 PM Ignore rjhenn Report Abuse And what would the "next step" be?
1006 Champion Author Birmingham Posts:1,105 Points:1,351,815 Joined:Apr 2008	Message Posted: Apr 5, 2012 5:57:34 AM Ignore 1006 Report Abuse can this bring us to the next step
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 31, 2012 7:25:31 AM Ignore honda0105 Report Abuse rj: we can hope that sending Canada crude to the East will keep the prices down. There are import capabilities to Europe...
1006 Champion Author Birmingham Posts:1,105 Points:1,351,815 Joined:Apr 2008	Message Posted: Mar 30, 2012 10:08:55 PM Ignore 1006 Report Abuse canada dry
rjhenn Champion Author Des Moines Posts:22,419 Points:2,226,625 Joined:Aug 2005	Message Posted: Mar 30, 2012 2:29:39 PM Ignore rjhenn Report Abuse Yet another oil company project to increase their profits and increase our gas prices. All this will accomplish is to move Canadian, and Bakken, crude to Gulf Coast refineries which will refine it and sell the products overseas. That will increase the price for Canadian crude, and the cost to Midwestern refineries that currently use cheaper Canadian crude. That will increase gas prices in the Midwest. Far better to send Canadian crude to those refineries in the East that are shutting down because most of their crude is imported from overseas.
sparky808 Champion Author Honolulu Posts:2,981 Points:594,810 Joined:Sep 2011	Message Posted: Mar 30, 2012 12:15:33 PM Ignore sparky808 Report Abuse Thank you for posting.
comprof Champion Author Houston Posts:6,844 Points:1,353,825 Joined:Jul 2009	Message Posted: Mar 30, 2012 1:24:43 AM Ignore comprof Report Abuse If Obama does not delay or stop the construction.
Virgin55 Veteran Author Ocala Posts:313 Points:888,340 Joined:May 2010	Message Posted: Mar 29, 2012 11:49:25 PM Ignore Virgin55 Report Abuse ok
umitb Champion Author Indianapolis Posts:3,659 Points:840,415 Joined:Apr 2010	Message Posted: Mar 29, 2012 11:05:19 PM Ignore umitb Report Abuse ok
TheSicilian Champion Author Jacksonville Posts:5,364 Points:1,466,825 Joined:Feb 2009	Message Posted: Mar 29, 2012 11:05:01 PM Ignore TheSicilian Report Abuse so why are gas prices rising
bra0712 Champion Author Arizona Posts:3,649 Points:765,545 Joined:Nov 2008	Message Posted: Mar 29, 2012 11:04:52 PM Ignore bra0712 Report Abuse Yawn
jem069 Champion Author Detroit Posts:2,523 Points:684,155 Joined:Jan 2011	Message Posted: Mar 29, 2012 11:03:18 PM Ignore jem069 Report Abuse ok
ExplorerWA Champion Author Washington Posts:4,062 Points:794,225 Joined:Feb 2011	Message Posted: Mar 29, 2012 11:02:53 PM Ignore ExplorerWA Report Abuse I would prefer buying from Canada than from our enemies since we don't want to develop our abundant oil.
JesseJack52 All-Star Author Virginia Beach Posts:628 Points:127,835 Joined:Sep 2011	Message Posted: Mar 29, 2012 11:01:39 PM Ignore JesseJack52 Report Abuse good news
amgine27 Champion Author New York Posts:1,257 Points:303,765 Joined:Aug 2008	Message Posted: Mar 29, 2012 11:01:25 PM Ignore amgine27 Report Abuse ok
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Mar 29, 2012 10:57:23 PM Ignore us4usa Report Abuse Good need more jobs...
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Mar 29, 2012 10:54:44 PM Ignore CPGas1815 Report Abuse Forcing down prices. On which planet is Bloomberg News on. 4.409 here in the U.P. of Michigan and it is only going to get worse!
PoohMcGoo Champion Author Alabama Posts:3,062 Points:797,360 Joined:Dec 2010	Message Posted: Mar 29, 2012 10:54:06 PM Ignore PoohMcGoo Report Abuse Guess it doesn't matter if they can't refine it..
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Mar 29, 2012 10:53:34 PM Ignore jessek Report Abuse Sounds good.
blk911 Champion Author Colorado Springs Posts:2,923 Points:771,115 Joined:Nov 2004	Message Posted: Mar 29, 2012 10:50:59 PM Ignore blk911 Report Abuse Some Good News. WOW!
tidalwave3 Champion Author Tallahassee Posts:1,294 Points:1,460,825 Joined:Jun 2008	Message Posted: Mar 29, 2012 10:50:30 PM Ignore tidalwave3 Report Abuse Rather have Canadian crude than countries like Venezula, Iran, and other OPEC countries that would rather see us vanquished...
DustyHorse Champion Author Virginia Posts:6,067 Points:1,387,845 Joined:Oct 2008	Message Posted: Mar 29, 2012 10:49:28 PM Ignore DustyHorse Report Abuse Just do it.
OGW Champion Author London Posts:5,324 Points:1,529,650 Joined:Sep 2005	Message Posted: Mar 29, 2012 10:49:13 PM Ignore OGW Report Abuse Good.
divebomber Champion Author Nebraska Posts:6,063 Points:1,809,350 Joined:Jun 2007	Message Posted: Mar 29, 2012 10:48:20 PM Ignore divebomber Report Abuse OK!
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Mar 29, 2012 10:41:33 PM Ignore DEG Report Abuse I'd rather be buying Canadian oil than OPEC oil even if it is derived from tar sands.
cheap59 Champion Author Michigan Posts:4,240 Points:960,020 Joined:May 2010	Message Posted: Mar 29, 2012 10:40:15 PM Ignore cheap59 Report Abuse Interesting.
jrsva Champion Author Virginia Posts:9,835 Points:1,610,075 Joined:Jan 2006	Message Posted: Mar 29, 2012 10:38:22 PM Ignore jrsva Report Abuse I would not support anything that would encourage further mining of the tar sands; however, the Cushing-to-coast pipeline seems like it has enough merit to move forward.
mrbee Champion Author Little Rock Posts:3,738 Points:2,462,685 Joined:Oct 2005	Message Posted: Mar 29, 2012 10:36:47 PM Ignore mrbee Report Abuse Build the pipeline.
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Mar 29, 2012 10:32:19 PM Ignore mstearno Report Abuse we can only hope
Hop1LA Champion Author Baton Rouge Posts:3,299 Points:1,173,570 Joined:Apr 2008	Message Posted: Mar 29, 2012 10:31:31 PM Ignore Hop1LA Report Abuse OK
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Mar 29, 2012 10:31:04 PM Ignore abcdMA Report Abuse Build Keystone!
woburnspotter2 Veteran Author Boston Posts:480 Points:172,405 Joined:Apr 2007	Message Posted: Mar 29, 2012 10:14:47 PM Ignore woburnspotter2 Report Abuse Oil should be the law of the land for a while - that and natural gas . .. No one has said much about the cost of replacing batteries in those electric cars yet - But I've heard estimates of as much as $10,000 to replace them . . . in one car! . . . how long do theuy last? . . will you get 3 to 5 years from them? . . I'm sure it varies. Fuel cells - ha! never made it. . . . The only thing we know where someone will save money on alternative fuels will be the compnies that have yet to prove anything will work. . These things take tame, and just aren't ready for this kind of money yet. The government is blocking pipelines and oil leases, and has rules on shipping US port to US port that force us to use foriegn oil . .. .How little did we know that our government has been hiding this from us. - They cause it, we pay. . . and they want to be re-elected?
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Mar 29, 2012 10:13:20 PM Ignore southrob Report Abuse hurry with the oil help already
skyking19 Champion Author Little Rock Posts:1,995 Points:1,695,970 Joined:Jan 2007	Message Posted: Mar 29, 2012 10:08:05 PM Ignore skyking19 Report Abuse Obviously the conversion to alternative energy sources is going to take time. We still have to pursue petroleum sources for now.
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,565 Joined:May 2009	Message Posted: Mar 29, 2012 10:05:05 PM Ignore jdc17327 Report Abuse great! I doubt it will help that much at this late date!
duffee01 All-Star Author Mississippi Posts:776 Points:426,515 Joined:Sep 2011	Message Posted: Mar 29, 2012 9:58:42 PM Ignore duffee01 Report Abuse Until we can find a viable replacement, fossil fuels will be the law of the land. Spend a few dollars on research instead of lining the pockets of your contributors mr. president!!!!!
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Mar 29, 2012 9:58:20 PM Ignore Agarre Report Abuse USA
30mpg80 Champion Author Lexington Posts:9,996 Points:1,484,930 Joined:Nov 2008	Message Posted: Mar 29, 2012 9:57:52 PM Ignore 30mpg80 Report Abuse Well, move it, move it, move it
FocusGuy Champion Author Seattle Posts:7,042 Points:1,409,830 Joined:Apr 2009	Message Posted: Mar 29, 2012 9:51:31 PM Ignore FocusGuy Report Abuse fossit fuels fossel feuls
shea33 Champion Author Pensacola Posts:2,348 Points:539,690 Joined:Oct 2011	Message Posted: Mar 29, 2012 9:50:00 PM Ignore shea33 Report Abuse yes
BlackSbr Champion Author Nevada Posts:1,000 Points:560,550 Joined:Sep 2011	Message Posted: Mar 29, 2012 9:37:33 PM Ignore BlackSbr Report Abuse Oky
36IHBinder Champion Author Illinois Posts:2,943 Points:640,165 Joined:Jun 2011	Message Posted: Mar 29, 2012 9:32:37 PM Ignore 36IHBinder Report Abuse That is what I said from the beginning
WeasleyOC Champion Author Orange County Posts:3,129 Points:798,325 Joined:Jul 2008	Message Posted: Mar 29, 2012 9:31:15 PM Ignore WeasleyOC Report Abuse Do something to lower the prices.
knot2swift Champion Author Calgary Posts:4,374 Points:695,250 Joined:Nov 2009	Message Posted: Mar 29, 2012 9:23:00 PM Ignore knot2swift Report Abuse I couln't give a rats ass about our "Dirty Oil" . China can have it instead of the US. Why do we bother kissing ass with nieghbours when "Ricer's" beg for it?
69Bonne Champion Author Gary Posts:1,135 Points:470,125 Joined:Sep 2005	Message Posted: Mar 29, 2012 9:21:48 PM Ignore 69Bonne Report Abuse This is scary, indeed. Do we really trust them, with all the problems they've had?
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: Mar 29, 2012 9:21:44 PM Ignore Blue48 Report Abuse HEY ENBBRIDGE, DON'T LET YOUR PIPELINES FALL APART!
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Mar 29, 2012 9:21:26 PM Ignore fuelsaverMN Report Abuse "THANK YOU"
letterchunker Champion Author Texas Posts:2,230 Points:664,650 Joined:Aug 2008	Message Posted: Mar 29, 2012 9:20:44 PM Ignore letterchunker Report Abuse okay