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03-08-2022, 11:19 PM
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Join Date: Nov 2016
Location: Edmonton
Posts: 6,496
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Quote:
Originally Posted by Cougar Gold
EZM- are you sure that US is a net producer? I have been wondering why US is buying 600 million barrels a day from Russia. US is now begging around the world for more oil so they can cut Russia out. Russia will find somewhere else to sell oil, so banning Russia oil imports in US is just symbolism.
How long would it take for Canada or ramp up and replace Russian oil? It seems the only way to reduce the price of oil is to increase supply.
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You're high. By about 599,350,000 barrels per day.
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You matter. Unless you multiply yourself by the speed of light squared... ...then you energy.
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03-09-2022, 03:21 AM
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Join Date: Sep 2014
Posts: 4
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Agreed. Too many zeroes. The point remains. Why not buy from Canada instead?
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03-09-2022, 09:08 AM
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Join Date: Sep 2012
Posts: 6,275
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Biden "Shot himself in the foot" when he cancelled our half built KXL pipeline. It would have given dem Americans 700,000 barrels per day of lowest cost oil in the world. (WCS) Even now it was priced below $100/bbl yesterday.
Then a couple more pumping stations it could have produced a million barrels per day.
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03-09-2022, 09:14 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,249
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Quote:
Originally Posted by Big Grey Wolf
Biden "Shot himself in the foot" when he cancelled our half built KXL pipeline. It would have given dem Americans 700,000 barrels per day of lowest cost oil in the world. (WCS) Even now it was priced below $100/bbl yesterday.
Then a couple more pumping stations it could have produced a million barrels per day.
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Hopefully this results in the end of Biden, and a change to a more oil friendly US government, in the next election. Then perhaps the pipeline will get finished .
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Only accurate guns are interesting.
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03-09-2022, 09:26 AM
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Join Date: Jun 2007
Posts: 1,961
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Quote:
Originally Posted by elkhunter11
Hopefully this results in the end of Biden, and a change to a more oil friendly US government, in the next election. Then perhaps the pipeline will get finished .
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TC has said the Keystone will not proceed.
https://boereport.com/2022/03/08/can...eline-project/
TC Energy Corp said on Tuesday its Keystone XL (KXL) pipeline project to carry Canadian oil to U.S. refineries will not be revived, even as politicians on both sides of the border call for its resurrection to help replace Russian oil imports to North America.
The United States on Tuesday banned Russian oil imports in retaliation to Moscow’s invasion of Ukraine, a decision that is expected to worsen disruptions in the global energy market.
“The Keystone XL Pipeline Project was terminated and will not proceed,” a TC Energy spokesman said in an email.
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03-09-2022, 09:27 AM
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Join Date: Feb 2012
Location: Blackfalds
Posts: 6,955
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Quote:
Originally Posted by elkhunter11
Hopefully this results in the end of Biden, and a change to a more oil friendly US government, in the next election. Then perhaps the pipeline will get finished .
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Here's hoping.
Sounds like Shell is going to start punching holes like crazy up in BC, they have a big commitment to CGL and they havent done much the last few years.
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Trudeau and Biden sit to pee
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03-09-2022, 09:30 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,860
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Quote:
Originally Posted by tbiddy
TC has said the Keystone will not proceed.
https://boereport.com/2022/03/08/can...eline-project/
TC Energy Corp said on Tuesday its Keystone XL (KXL) pipeline project to carry Canadian oil to U.S. refineries will not be revived, even as politicians on both sides of the border call for its resurrection to help replace Russian oil imports to North America.
The United States on Tuesday banned Russian oil imports in retaliation to Moscow’s invasion of Ukraine, a decision that is expected to worsen disruptions in the global energy market.
“The Keystone XL Pipeline Project was terminated and will not proceed,” a TC Energy spokesman said in an email. |
Now make em all beg for it ,same with the energy east …
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03-09-2022, 12:38 PM
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Join Date: Jun 2007
Location: Edmonton
Posts: 2,108
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Quote:
Originally Posted by Cougar Gold
Agreed. Too many zeroes. The point remains. Why not buy from Canada instead?
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US oil imports (above what the produce themselves) is roughly 60% Canadian, 10% Mexican, 10% Saudi, 10% South America, 10% Russia.
The Democrats refuse to open up US production or to increase supply from Canada but are asking Iran, Saudi, Iraq, Venezuela to supply the shortage. How that makes sense is beyond me.
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03-09-2022, 12:59 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,945
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Oil falling today. Probably on US plans to get Iranian oil and Venezuelan oil back on.
Saudi’s and UAE said they aren’t bumping production.
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It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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03-09-2022, 02:04 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,294
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Quote:
Originally Posted by DiabeticKripple
Here's hoping.
Sounds like Shell is going to start punching holes like crazy up in BC, they have a big commitment to CGL and they havent done much the last few years.
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That is why they kept Groundbirch when they sold off pretty much everything else.
__________________
Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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03-09-2022, 07:05 PM
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Join Date: Oct 2011
Location: Fort St. John BC
Posts: 441
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Quote:
Originally Posted by DiabeticKripple
Here's hoping.
Sounds like Shell is going to start punching holes like crazy up in BC, they have a big commitment to CGL and they havent done much the last few years.
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Not going to happen fast. The BRFN decision has everything up here under restrictions. Going to be a long time before anything gets punched in the ground unless it is already either approved prior to the court case or they are working on already established pads and have all the facilities in place and there is no disturbance.
The BRFN decision has made things different up here, especially our hunting.....
Cheers
SS
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03-09-2022, 08:03 PM
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Join Date: Feb 2012
Location: Blackfalds
Posts: 6,955
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Quote:
Originally Posted by Sitkaspruce
Not going to happen fast. The BRFN decision has everything up here under restrictions. Going to be a long time before anything gets punched in the ground unless it is already either approved prior to the court case or they are working on already established pads and have all the facilities in place and there is no disturbance.
The BRFN decision has made things different up here, especially our hunting.....
Cheers
SS
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That’s all being sorted. Lots of rigs in BRFN territory right now, and our clients got new permits to keep going all year.
Petronas is firing up a 3rd rig and should keep one of our crews up here all 2023
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Trudeau and Biden sit to pee
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03-09-2022, 08:16 PM
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Join Date: Dec 2014
Location: Alberta
Posts: 262
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Quote:
Originally Posted by tbiddy
TC has said the Keystone will not proceed.
https://boereport.com/2022/03/08/can...eline-project/
TC Energy Corp said on Tuesday its Keystone XL (KXL) pipeline project to carry Canadian oil to U.S. refineries will not be revived, even as politicians on both sides of the border call for its resurrection to help replace Russian oil imports to North America.
The United States on Tuesday banned Russian oil imports in retaliation to Moscow’s invasion of Ukraine, a decision that is expected to worsen disruptions in the global energy market.
“The Keystone XL Pipeline Project was terminated and will not proceed,” a TC Energy spokesman said in an email. |
TO me this is more of a "F you" announcement than a business decision. Once everyone comes begging and pleading they will go ahead with it.
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03-09-2022, 08:28 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,860
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Quote:
Originally Posted by Penner
US oil imports (above what the produce themselves) is roughly 60% Canadian, 10% Mexican, 10% Saudi, 10% South America, 10% Russia.
The Democrats refuse to open up US production or to increase supply from Canada but are asking Iran, Saudi, Iraq, Venezuela to supply the shortage. How that makes sense is beyond me.
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To the US Canada it’s a unlimited checking account when it come to oil. Us don’t need to open up their oil reserve , thats their rrsp/ saving account . As for the rest 10% are small misc expense account/giftcards .
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03-09-2022, 08:31 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,860
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Quote:
Originally Posted by Sleddawg
TO me this is more of a "F you" announcement than a business decision. Once everyone comes begging and pleading they will go ahead with it.
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Get government to paid for all the construction cost and tax credit and a bunch more 
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03-09-2022, 08:35 PM
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Join Date: Dec 2014
Location: Alberta
Posts: 262
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Quote:
Originally Posted by fishtank
Get government to paid for all the construction cost and tax credit and a bunch more |
Yup, get the federals on either side to pony up then you know it will go through. No way are they risking tons of investment for things to calm down in a year and then the plug gets pulled again
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03-09-2022, 08:37 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,294
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Quote:
Originally Posted by fishtank
To the US Canada it’s a unlimited checking account when it come to oil. Us don’t need to open up their oil reserve , thats their rrsp/ saving account . As for the rest 10% are small misc expense account/giftcards .
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Alberta...aka The US Northern Strategic Petroleum Reserve. It will be here when they are ready for it
__________________
Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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03-09-2022, 08:51 PM
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Join Date: Jun 2011
Posts: 199
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Quote:
Originally Posted by MountainTi
Alberta...aka The US Northern Strategic Petroleum Reserve. It will be here when they are ready for it
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The U.S. will have the oil reserves when they take Canada for the freshwater in 50-100 years.
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