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

To: teevee who wrote (22925)	10/8/2014 12:42:11 PM
From: VisionsOfSugarplums	Respond to of 24928

Don't agree with a LOL in front of that :-) although one of my thoughts was that I expect to see some money flowing or 'donations' to groups that oppose Energy East...

To: teevee who wrote (22925)	10/9/2014 2:10:20 PM
From: kidl	Read Replies (1) \| Respond to of 24928

While I would like to / have to believe that Canadians aren't quite as "stupid" (feel free to replace "stupid" with a different term), the American plan seems to be working so far ... Canadian crude oil exports to the U.S. topped 3 million barrels per day for first time Reuters \| October 8, 2014 \| Last Updated: Oct 8 2:05 PM ET More from Reuters Shane Bevel/BloombergCanada is home to Alberta’s oil sands and has the world’s third-largest crude reserves after Saudi Arabia and Venezuela. CALGARY, Alberta — Canadian crude oil exports to the United States exceeded 3 million barrels per day for the first time ever in the week ended Oct. 3, data from the U.S. Energy Information Administration showed on Wednesday. Canada, the No. 1 supplier of crude to the United States, exported 3.248 million bpd of crude to its southern neighbor, the weekly data showed. That was up 18% from the previous week and up 35% from the same period a year earlier. The four-week average to Oct. 3 was 2.977 million bpd. Canada is home to the Alberta oil sands and has the world’s third largest crude reserves after Saudi Arabia and Venezuela. Oil production is expected to reach 3.91 million bpd next year and surge to 6.44 million bpd by 2030, according to the Canadian Association of Petroleum producers. Analysts at CIBC World Markets said much of the increase in crude exports was due to the ramp in shipments of crude oil by rail from western Canada. Canexus Corp reopened its Bruderheim, Alberta, rail terminal last month after a summer shutdown, while U.S. Development Group and Gibson Energy Inc’s new Hardisty unit train terminal is ramping up to full capacity of 140,000 bpd. “As we’ve pointed out over recent weeks, the new high-water mark is indicative of a sizable pick-up in rail activity given that pipeline takeaway capacity has not increased,” CIBC analyst Mike Tran said in a note. The bulk of crude exports is still shipped south on Enbridge Inc’s 2.5 million bpd Mainline export network, which is undergoing an expansion program to deal with frequent congestion as oil sands supply outpaces pipeline capacity. Enbridge’s new 600,000 bpd Flanagan South pipeline from Illinois to Cushing, Oklahoma, is expected to start shipping crude in December, suggesting exports could rise further in coming months. © Thomson Reuters 2014