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Strategies & Market Trends : Fascist Oligarchs Attack Cute Cuddly Canadians -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (1163)	12/12/2004 10:17:43 PM
From: marcos	Read Replies (1) \| Respond to of 1293

Here, these people have got the idea - we can't switch customers for our oil until we've got pipelines to salt water .... pump it to Rupert, from there it's a matter only of telling the ship driver to head west for China instead of south to Dubyastan ' CALGARY - A Calgary company says it could have an oil pipeline built across northern British Columbia by the end of the decade. Enbridge says says there is a lot of international interest in its Gateway project and it expects to reach preliminary supply deals with refineries in China sometime next year. Enbridge says the best way to connect supply and demand is through an oil pipeline between northern Alberta and the B.C. north coast. The company is proposing to build a 1,200-kilometre pipeline and a tanker facility at either Prince Rupert or Kitimat to ship the oil overseas. Enbridge president Patrick Daniel says the Asians and the Americans are interested in tapping into Canada's oil supply. "We assume that 20 to 25 per cent will go into the California market, so that means 75 to 80 per cent will go into southeast Asia, primarily China." There is also significant interest in Japan and in South Korea, he says. Daniel says he hopes initial agreements will be signed between Enbridge, Chinese refiners and Canadian producers early next year, with formal contracts by mid-2005. Daniel says he isn't aware of any opposition to the pipeline from northern B.C. residents and he doesn't expect any. He says people want to see economic development in the region. Approval from the National Energy Board could be several years away. If the company gets the go-ahead, it will spend $2.5 billion on the pipeline, which it hopes to have operating by 2009.' cbc.ca