To spur the pipeline debate

[JaySimon]

how do they expect the refinery to absorb the increase when all along we have been told that refining oil is a very low margin business.

It seems as if information is tailored to each situation as needed. This time, margins are thick enough, when we say refine here, margins are too thin.

Farkin politics.

 

[RMK Junky]

no matter what happens fuel will never go down in price

Thats for sure. Got my statement today for August. Went from 0.97 to $1.08 a liter for diesel at the card lock.

 

[RMK Junky]

A friend of mine works for a marketing company in the oil and gas sector. The problem with building new refineries is the government will not grandfather any emission laws that are current now. It could take 5 years or more before a refinery comes on line for sales to market. So they max capacitate the old and tired refineries to produce fuels for market consumption. They're oldest plant was built in 1967 and is constantly being repaired. There are no new plans in the future for new facilities with his employer.

 

[JaySimon]

Flood of Pacific oil exports leaves West Coast refinery thirsty for crude - The Globe and Mail

Local refineries can't get enough crude? 460 jobs at stake?

 

[eclipse1966]

let the fun begin!!! Again another example of selling our resources to outsiders while Canadians pay the price out of their own pockets in the name of corporate profits. Time we take the American model and do whatever it takes to protect our national interests first.

Flood of Pacific oil exports leaves West Coast refinery thirsty for crude - The Globe and Mail

Local refineries can't get enough crude? 460 jobs at stake?

 

[j335]

Flood of Pacific oil exports leaves West Coast refinery thirsty for crude - The Globe and Mail

Local refineries can't get enough crude? 460 jobs at stake?

From what I gathered in the article the American company Chevron needs to pay a fair market value for crude oil (just like all other refiners in Canada do and don't seem to have a shortage of crude)

 

[JaySimon]

How is it cheaper to bring it in from Saudi Arabia then Alberta?

 

[j335]

How is it cheaper to bring it in from Saudi Arabia then Alberta?

I'm guessing Chevron made a screw up and didn't negotiate a good contract and are now caught with there pants down. This is a prime example how having limited capacity going to the coast creates alot of competition for the limited amount of available crude. Good example of how key a pipeline expansion to that area is... supply and demand...

 

[byronkentgraham]

How is it cheaper to bring it in from Saudi Arabia then Alberta?

Saudi oil needs much less refining and is cheaper to get out of the ground i believe.

 

[Caper11]

There is going to be a time that if this pipeline goes through and no new refineries are built in Canada, we will end up buying our own oil back from china or the US.


Sent from my iPhone using Tapatalk

 

[MrHankey]

Sinking trees why would they do this?

 

[MrHankey]

Trees grow everyday though

 

[LID]

There is going to be a time that if this pipeline goes through and no new refineries are built in Canada, we will end up buying our own oil back from china or the US.

100% right! 10year lead time to build a new refinery (if you were allowed to build one) and these old ones are doing nothing but get older. Plenty of refining for Canada when everything is running but everyone should remember the diesel shortage last fall, right when the whole oilfield was gearing up for winter season. If that wasn't a wakeup call, I don't know what is.

They complain about margins on refining but that is an essential service.