Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (54812)	10/25/2004 12:50:42 PM
From: RealMuLan	Read Replies (3) of 74559

Maybe China should Not buy Noranda after all--"China smitten by sticky oilsands Hurdles will keep energy-hungry giant a niche player" Claudia Cattaneo Financial Post Monday, October 25, 2004 ... "Because the Chinese are looking to grab physical supplies, there is the complication of how they'd move Canada's oilsands crude to their market. Canada's export pipelines now serve the U.S., so new pipelines would have to be built from Northern Alberta to the West Coast. These are lands that are challenging to build on and require settling major native land claims, suggesting a long timeline to completion. It's true that pipeline companies Enbridge Inc. and Terasen Inc. are working on competing plans to move supply from the oilsands to the West Coast. Even so, China is far away relative to U.S. markets such as California, which also have a big appetite for Canadian oil, meaning higher transportation costs to reach China, said Rich Ballantyne, president of Terasen Pipelines. If pipelines to the West Coast are completed, it may still make more sense for Canada's oil to serve U.S. customers. ..." canada.com

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