Read this story now and you will discover that the petroleum industry between Canada and the US is in an awkward stage right now...except for the private business owned by the Moroun Family between Windsor, Canada and Detroit, Michigan.
Funny, no one seems to be talking about that business right now except me. And I am of the view that a second Ambassador Bridge Company bridge can be built here and in the US right away to Windsor's benefit.
With our poor economy and high rate of unemployment, it is something this area absolutely requires for our future success:
After Keystone XL: Where Canada goes from here
"When the sword finally swooped down Friday upon Keystone XL, reaction ranged from “extremely disappointed” (Conservative interim leader Rona Ambrose) to “disappointed” (TransCanada Corp. CEO Russ Girling and Prime Minister Justin Trudeau) to rather ambivalent but disappointed in the fact Barack Obama characterized Alberta oilsands as “dirtier” crude (Alberta Premier Rachel Notley).
But there was not much surprise in the White House’s
bad-news Friday announcement. TransCanada’s eleventh-hour bid
for
a stay of execution, and Washington’s quick dismissal of that bid, only made the
decision appear more imminent and gloomy.
But while some in Canada cried over the politics of it
all—and the hypocrisy, given the 3.9 million daily barrels of oil that currently
flow south of the border—Obama’s decision does let all players hit the reset
button and try with success on other pipeline projects, as well as another bid
for an expansion of the energy sector’s southbound capacity...
As some of those negotiations on oil shipments to the
much-needed non-U.S. markets work their way through the system—National Energy
Board begins hearings on Trans Mountain are slated for December—there will also
come time, sooner rather than later, for TransCanada or another industry player
to try breaching the 49th parallel again, with a pipeline that’s a vastly safer
and more affordable alternative to expanding rail shipments."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.