Tuesday, June 17, 2014

Change: Canada to build pacific pipeline to send oil Obama doesn't want to China...

Currently,  97% of Canadian export oil is sent to the U.S. That is going to change since Obama won't approve the Keystone XL Pipeline. A significant portion of that oil will now go to China. We can buiy our oil from the Arabs. that has worked out so well for us.
TORONTO (AP) - Canada's government on Tuesday approved a controversial proposed pipeline to the Pacific Coast that would allow oil to be shipped to Asia, which would be major step in the country's efforts to diversify its oil exports.
The approval Tuesday was expected but whether Enbridge's Northern Gateway pipeline ever gets built remains in question as there is fierce aboriginal and environmental opposition in British Columbia and court challenges are expected.
Conservative Prime Minister Stephen Harper has called Canada an emerging energy superpower and he has been a staunch supporter of the pipeline after the U.S. delayed a decision on TransCanada's Keystone XL pipeline that would take oil from Alberta to the U.S. Gulf Coast.
Enbridge's pipeline would transport 525,000 barrels of oil a day from Alberta's oil sands to the Pacific to deliver oil to Asia, mainly energy-hungry China. About 220 large oil tankers a year would visit the Pacific coast town of Kitimat and opponents fear pipeline leaks and a potential Exxon Valdez-like disaster on the pristine Pacific coast...
Harper has said Canada's national interest makes the pipelines essential and it is a legacy issue for him. He was "profoundly disappointed" that U.S. President Barack Obama delayed a decision on the Texas Keystone XL option, and spoke of the need to diversify Canada's oil industry. Ninety-seven percent of Canadian oil exports now go to the U.S.

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