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Gold/Mining/Energy : Copper Fox

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To: Metacomet who wrote (9691)11/5/2015 11:40:55 AM
From: louel3 Recommendations

Recommended By
biggerbob68
Hog Head
Theotokos

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The request understandable as it can now be removed from the minds of the American electorate next year. They can now concentrate on a more serious problem, the economy.
Hillary won't be able to use it like waving a red flag to distract attention from the terrible job she and her Democrats have done.

A lot of the rhetoric and challenges, focused the attention of the environmental groups in one place. Letting other projects move forward almost unnoticed.
The east pipeline has the support of the newly elected Canadian Prime Minister who represents and was elected from a Quebec riding. The only province which may have offered some resistance.

You see environmentalists, are full of misinformation. Like Canadian oil is to be transported over US soil for off shore sales. Untrue. Crude from Canadian oil sands, is purchased by American refineries. It is those American refineries who in turn process, sell and distribute their finished products to Americans and the world who chose to use it. Creating jobs and profits. Contributing to the US economy.

If they really wanted to stop the oil. Simply ban the cheapest source of crude available to the US. " Canadian oil."

The following line is destined for Irving refinery on the East coast then off shore.

"Canadian regulators approved the additional test results of Enbridge Line 9 crude oil pipeline in September, clearing the way for the delayed 300,000 barrel-per-day route to the east of the country.

The 639-km (400-mile) pipeline, which will replace supplies currently shipped by rail, was expected to start operating in early 2015.

Calgary-based Enbridge's adjusted earnings rose 15.7 percent to C$399 million ($303.4 million), or 47 Canadian cents per share, in the third quarter ended Sept. 30, from a year earlier.

Analysts on average were expecting earnings of 48 cents per share, according to Thomson Reuters I/B/E/S.

The company's Mainline system, which moves the bulk of Canadian crude exports to the United States, shipped an average of 2.2 million barrels per day (bpd) in the third quarter ended Sept. 30, compared with 2.0 million bpd a year earlier."

Our three market access initiatives in liquids pipelines – the $6.2-billion Light Oil Market Access initiative, the $5.2-billion Western Gulf Coast Access initiative, and the $2.9-billion Eastern Access initiative – will open up new markets for up to 1.7-million barrels per day of crude oil by the end of 2016.
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