[DrCaleb]

herbie herbie:

And if you want to get to the sticky, we (gov't of BC or any other) don't actually own the gas or the port either. Just like Alberta doesn't own the oil you bitch about.
Private companies do. Gov't just get to tax and regulate it.

But the province gets royalties based on price. When the price is low because of backlogged and backed up pipes, then we get less revenue. Shipping the backlog by rail is far more risky environmentally, but that is how the backlog is being handled. A pipeline would do that better, and safer. And the price would rise as the backlog reduces.

More revenue in the Alberta Treasury means more revenue federally. Everyone benefits.

[Robair]

Investors in the LNG project:

Royal Dutch Shell.
Mitsubishi Corp.
The Malaysian-owned Petronas.
PetroChina Co.
Korean Gas Corp.

[herbie]

Jesus will you get off that "shipping by rail" bullshit. Try it and I will actually be out there stopping that shit from moving.
There isn't the rail capacity and there are no more rail lines and there won't be new rails in the future. It's a non argument for a Canadian route, so drop it already.

KM's been approved, so let's get on with it. There's no fucking way a "new" oil pipe through BC is going to get support or approval. Period.
But try to rise above the internet meme mentality where you take picture and put words about two things that aren't even related together and think you're saying something intelligent.
Like KM the entire route is already there supplying gas to homes and businesses. Unlike KM a spill amounts to S.F.A., it has almost total support of the residents in areas it affects, and does not require the involvement of any other Provinces.
The people of BC take on any risk and receive the benefits rather than take on the entire risk out of some imagined 'obligation'.

[peck420]

herbie herbie:

Jesus will you get off that "shipping by rail" bullshit. Try it and I will actually be out there stopping that shit from moving.
There isn't the rail capacity and there are no more rail lines and there won't be new rails in the future. It's a non argument for a Canadian route, so drop it already.

Canadian Crude Oil Exports by Rail - Monthly Data
https://www.neb-one.gc.ca/nrg/sttstc/crdlndptrlmprdct/stt/cndncrdlxprtsrl-eng.html

KM started the process on the TM expansion on Feb 21, 2012.

The daily by rail ship rate in February 2012 - 17,341 barrels per day.

The daily by rail ship rate February 2018 - 134,075 barrels per day.

Our by rail transport has increased over 10 fold due to pipeline capacity issues.

The current daily is above 210,000, fyi.

No, not all goes to BC, but, yes, all of it is less safe than pipelines.

Edit to add:

This is only export crude. There is another 100,000 per day in interior movement. Just in case people want to bring up the 310,000+ claims that hit the media. Those are total rail movement, internal and export.

[herbie]

Oh Jeez, we're talking about out of Vancouver. You're welcome to build and ship as much as you want south thru the flatlands. That's NOT what you want to do.

[DrCaleb]

Dilbit exports are mostly headed out from Portland to China, so it's a shorter rail line to Vancouver. Once capacity at Portland is reached.

[DrCaleb]

$1:

Around the world oil prices are on the rise, except in Alberta where a barrel is worth less than half of what it would fetch in the United States.

Global prices are climbing as some key, oil-producing countries are in trouble — whether it's Iran facing new sanctions or Venezuela creeping closer to an economic implosion. Even in the United States, oil production growth is showing signs of a slow down.

That's why prices are spiking just about everywhere.

The Brent oil price, considered the global benchmark, has surged above $85 US per barrel. In the U.S., West Texas Intermediate cruised past $75 US. But in Alberta, Western Canada Select is stuck at $35 US per barrel.

The divide between WCS and WTI has never been larger, according to Martin King, commodities analyst with Calgary's GMP FirstEnergy. The steep discount in Canadian oil prices compared to American prices could cost Alberta oil producers billions this year in foregone revenues.

The main problem is a backlog of oil in Alberta. Here are the three reasons why that's happened.

. . .

Pipelines full

Oilsands production continues to climb as project's like Suncor's Fort Hills facility ramp up to full activity. The problem is all that supply is "bumping into a dearth of pipeline capacity available to take it to market," according to Judith Dwarkin, chief economist with the RS Energy Group.

Export pipelines out of Alberta continue to run near full capacity, and some companies are struggling to export their oil.

3 reasons why Alberta oil prices have sunk

[bootlegga]

llama66 llama66:

Robair Robair:

Yes! Because: Escalating China-U.S. trade war an opportunity for Canadian LNG

Unless we now need Trump's permission to export anything to China??

Probably.

We don't need permission to trade with other countries, just sign free trade deals with them.

And for the record, I think that sucks too.

[herbie]

It appears some of our members have never seen the Fraser Canyon. BOTH rail lines have to go through there to get to Vancouver.

[fifeboy]

herbie herbie:

It appears some of our members have never seen the Fraser Canyon. BOTH rail lines have to go through there to get to Vancouver.

Send the trains down a chute built along the Coquihalla. No engine required, all one would need would be a 50 km. Sand pit to slow 'em down near the ocean. The Government could set up signs with the Lords Prayer (and other final prayers for all the major religions) along the final stretch. Get that shit to market!

[peck420]

https://bcliberalcaucus.bc.ca/ndp-refuse-to-address-massive-increase-of-oil-by-rail/

Interesting political fight for BC parties to be having, since we have been assured this isn't happening at all.

Sept. 17, 2018...