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When pressed with the question, the federal government is waffling on a start date for construction of Trans Mountain pipeline. The southern portion of Keystone XL has not begun yet. Given that we are in peak construction season, that means nothing in 2018.
The global demand for crude is starting to increase. The U.S. as well as other countries are gearing up to meet that demand. Investment in the energy sector is being made in those other countries and not in Canada. Because of our inability to get increased production to market, we are going to miss out on this increased demand. By the time we do have pipeline capacity, it may be too late. Those supply agreements with other countries will already be in place.

In the meantime, the media is reporting about people hanging from bridges in Vancouver trying to block oil tankers from coming into the harbour. When is common sense going to prevail with all Canadians?? With our energy debacle, now tariffs and the potential of NAFTA being rescinded; our economies (Canada is the sum of all provinces) are in real trouble.:eek::eek::eek:
 
Megaproject oil isn't going forward right now anywhere in the world. Also, oil isn't like LNG - there is a sizeable spot market for pricing the stuff.

The pipelines will come. but no, there is no returning to 2013 production forecasts of Alberta crude being north of 7 or 8 million barrels a day. That is as likely to happen as the short term conditions that caused 6 merchant upgraders to be proposed in the mid 2000s. 4.5 million and feeling fine is the name of the game.
 
I was not referring to more megaprojects. With just the additional projects that have come on stream in the last couple of years, we can't ship enough oil out of this province to meet current demand, let alone increased demand. We could reach those lofty production forecasts of the past, if we had the pipelines to support it. My point is, by the time we do have the capacity, we may be too late. Other countries will have filled the void. The urgency was 'then'... not now and certainly not next year.
 
Yuppers. Slowly.
https://twitter.com/andrew_leach/status/1006917188077252608
DflJ1hbUcAEAPqQ.jpg:large
 
So Energy East & Northern Gateway were needed to support the 2014 forecast demand. But both projects are toast. We still need Keystone XL and TMX to meet revised forecasts and the chart assumes both to be functioning now or in 2019. Neither is going to be functional by then. So now we are talking 2020 at the earliest. Oil prices aside, will there still be demand to the tune of 4 1/2 - 5 million barrels per day for Canadian oil? If not, then that is a big miscalculation and a big miss for the economy.
 
I think the demand will be there for at least another 20, maybe even 30 years. The world is slowly trying to get away from carbon fuels, but it's going to take some time, especially with developing counties emerging and needing energy.
 
Yes. Any news like this is better than what we have been hearing the last 3-4 years. Unfortunately, there are only 70 employees in the Winnipeg office. I would imagine that a handful of those people will be given the opportunity to relocate. The majority of jobs will probably be absorbed in the Bayer organization.

What Calgary really needs is another H.O. relocation like Imperial Oil. When that happened 12 years ago or so, things really took off. Hundreds of people moved from Toronto to Calgary. Downtown office space was absorbed. The housing market surged.
 
JonnyCanuck said:
Yes. Any news like this is better than what we have been hearing the last 3-4 years. Unfortunately, there are only 70 employees in the Winnipeg office. I would imagine that a handful of those people will be given the opportunity to relocate. The majority of jobs will probably be absorbed in the Bayer organization.

What Calgary really needs is another H.O. relocation like Imperial Oil. When that happened 12 years ago or so, things really took off. Hundreds of people moved from Toronto to Calgary. Downtown office space was absorbed. The housing market surged.
Click to expand...
Or another one like CP Rail. On the other hand a half dozen smaller relocations would be good too.
 
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