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Tar Sands oil pipeline update
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<p>[quote user="Paul_D_North_Jr"]</p> <p>Big article on that in yesterday's (Thurs., Nov. 17, 2011)<span style="text-decoration: underline;"> Wall Street Journal</span>. The analysis there was that oil (and hence gas) prices have been artificially low because of the glut of oil at Cushing, OK. However, reversing the flow of the Seaway pipeline and installing the Cushing to Gulf Coast segment of the Keystone XL pipeline will solve that problem (for the oil producers), and allow the price to be more nearly in line with market levels elsewhere (bad for refiners). There was also a follow-on article back on page C12 or so about how diesel and other 'middle distillates' is the stuff that's really in demand,,and even more expensive. It's all a complictaed web, connected in many places . . . </p> <p>- Paul North. [/quote]</p> <p><span style="font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><span style="font-family: verdana,geneva;"><span style="font-size: small;">In this new scenario, does this mean Canada will just accept the status quo with existing U.S. pipelines handling their tar sands output?<span style="mso-spacerun: yes;"> </span>Or will Canada push ahead with their own plans to sell their oil to new markets in anticipation of their expanded output?</span></span></span></p>
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