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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (19670)	7/19/2012 2:10:13 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 24928

We can only hope... All my life the government has gone the wrong way on this.. (worse than the wrong way) That's more than 50 years ! Hey Jim how are ya.:o)

To: axial who wrote (19670)	7/22/2012 12:04:52 PM
From: teevee	5 Recommendations Read Replies (1) \| Respond to of 24928

To: axial who wrote (19670)	7/22/2012 1:48:27 PM
From: teevee	3 Recommendations Read Replies (1) \| Respond to of 24928

The outgoing Quebec Senator said it doesn’t make sense for eastern provinces to be importing oil from countries like Algeria and Venezuela when there is excess supply in the west. “It’s pretty crazy when you have such bountiful supplies of your own,” he said, embracing the argument that Canadian oil is more “ethical” than imported oil. “Why would we have all these ships coming in from Nigeria into the St. Lawrence river with crude oil when we’ve got so much of it in other places of the country?” this is just politics to deflect the facts: 1. In response to a half century old Federal Gov't legislative mandate for oil refining in Canada, Companies like Exxon, Shell and Irving Oil trans ship through tax free havens, pocketing the margins, so oil from Africa, Middle East or Latin America crudes yield as little refining margin and tax as possible in Canada. 2. Even if Western crude travels east by pipeline, it will have to sell at a large enough discount to compete with tax free margins skimmed through off shore tax free corporations used by Irving, Exxon, Shell etc. when trans shipping foreign crude oil to Canada. 3. Drivers in Quebec and Ontario would prefer to send their money to dictators than to Western Canada because Canadian oil is "dirty oil". 4. Buying foreign crude weakens the canadian dollar, making it easier for Quebec and Ontario based manufacturers to sell their goods.

To: axial who wrote (19670)	8/8/2012 11:39:36 AM
From: axial	1 Recommendation Respond to of 24928

Alberta premier backs piping oil east 'In an interview in London, Alison Redford said Canada’s east coast refineries were not operating to their full capacity and were having to rely on imported heavy crude when they could be processing oil from Alberta. “It would be worthwhile to convert the existing pipe to take crude and products east,” she said. [...] The delays with Northern Gateway and Keystone XL have encouraged companies to pursue the idea of sending bitumen from oil sands eastward through Ontario and Quebec and from there to ports on Canada’s east coast. The advantage of such proposals is that much of the pipeline infrastructure already exists. Last week, Canada’s National Energy Board approved a plan put forward by Enbridge to reverse the flow of its Line 9 pipeline in Ontario, allowing it to move western Canadian crude eastward. TransCanada is also considering whether to build a new pipeline* to shift crude to eastern refineries.*' ft.com Jim