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pscot

(21,024 posts)
Sat Nov 23, 2013, 11:52 PM Nov 2013

Pipeline!? We doan need no stinking pipeline

All told, Canada produces roughly two million barrels a day from the oil sands, which the Canadian Association of Petroleum Producers predicts will rise to 5.2 million barrels a day by 2030.
....

Suncor’s $13 billion Fort Hills mine, a joint venture with Total of France and the mining firm Teck Resources, had been shelved during the financial crisis of 2008 when future demand growth was in doubt. Its revival should increase oil sands production by 180,000 barrels a day, and it is expected to have a mining life of 50 years.

Suncor executives say they will have sufficient transport capacity to take the production to market. Enbridge, the Canadian pipeline company, will build a $1.4 billion pipeline from the Fort Hills mine to Hardisty, Alberta, where the Keystone pipeline is supposed to originate.

But even if the pipeline extension is not approved to cross the border, Gibson Energy has already announced that it will build a rail terminal in Hardisty to be served by Canadian Pacific Railway with an initial capacity of 140,000 barrels a day.

more at the link

http://www.nytimes.com/2013/11/22/business/energy-environment/working-around-keystone-xl-suncor-steps-up-oil-production.html

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