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Baytex Energy Corp. Message Board

  • lws2000 lws2000 Jul 22, 2013 7:29 PM Flag

    KEYSTONE IS COMING

    The "Islamic Wars" makes it too dangerous for the USA to depend on energy that does not come from North America. Energy independence also means a strong USA economy.

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    • The proposed Keystone Gulf Coast Expansion Project ("Keystone XL") would transport additional Canadian crude oil to the U.S. Gulf Coast and bring total Keystone pipeline capacity to 1.1 million bbl/d. While Keystone XL approval has been delayed, prolonging startup to 2015 at the earliest, Enbridge has continued expansion plans with several debottlenecking projects which are expected to open up 1.7 million bbl/d of new markets through 2016.

      Further to the announced plans to increase pipeline capacity to the U.S. Gulf Coast, Enbridge is also planning to expand crude transport capabiltiy to the Canadian Pacific Coast, for transport to Asian markets via their Northern Gateway pipeline project. Enbridge's current timeline calls for an in-service date beyond 2016. This proposed pipeline would have a capacity of 525,000 barrels per day. For transport to the Canadian Eastern Coast, TransCanada is planning the Energy East Pipeline, which will have an initial capacity of 525,000 bbl/d, expandable to approximately 850,000 bbl/d. This pipeline consists of two segments: the Hardisty-Quebec system, targeted for late 2017 and the New Brunswick Extension, targeted for mid-2018. Together with industry plans to provide increased access for Canadian crude to the major U.S. Gulf refining complex, these coastal-bound pipelines would ensure outlets and value for Canada's western crude oil exports.

    • It is possible that increasing the "debt limit" will be "paid for" by approving Keystone.

    • While you are correct it apears President Obama might not agree.

 
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