Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, April 22, 2014

Canada: The Next Oil Superpower?


Apr 22, 2014 02:00 am | Robert Collier
The Obama administration’s decision Friday, April 18 to delay yet again its final decision on the Keystone XL pipeline shows the project may be too hot to handle politically. The irony, however, is that it’s hardly the most important pipeline battle in North America. Six other pipelines are being planned in Canada that collectively—and in some cases individually—have much higher stakes for international energy markets and the environment.
Like the Keystone XL, Canada’s proposed projects are intended to deliver to market oil produced in Alberta's tar sands. If all six were built, they would carry roughly 3.2 million barrels per day, four times the volume of Keystone XL. Fierce public debates are ongoing in Canada about these projects, yet with little attention in the United States because many of the issues are framed differently than south of the border.
It seems improbable that all these projects will get approved, but several appear highly likely to move forward in the coming years. Even two or three could transform Canada from a mere regional actor—a supplier of crude almost exclusively to the United States—to a significant player in oil geopolitics.
read morehttp://nationalinterest.org/commentary/canada-the-next-oil-superpower-10301

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