Flaherty pessimistic on Keystone pipeline

Ottawa may consider exporting to Asia instead, he says

If Washington is ready to push back a decision on the Keystone pipeline project to deliver Alberta oil to Texas until after the U.S. election next year, Ottawa may be ready to consider other options, such as shipping the crude to Asia instead, Finance Minister Jim Flaherty said on Thursday. “The decision to delay it that long is actually quite a crucial decision. I’m not sure this project would survive that kind of delay,” the minister told Bloomberg in an interview at the Asia-Pacific Economic Cooperation summit in Honolulu, Hawaii. “It may mean that we may have to move quickly to ensure that we can export our oil to Asia through British Columbia.”

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Flaherty pessimistic on Keystone pipeline

  1. Why don’t we just build up a domestic wind turbine manufacturing industry and export it?  We are way behind but have the advantage of secure copper and magnet supplies until new iron-heavy designs are invented.

  2. I think we should have been doing this a long time ago. Fet it to the coast and then those that pay can have it right from our shores.

    • Flaherty would make a good Minister of Natural Resources for Alberta, or maybe deputy Premier.  Now he wants to be an Indian Chief of a BC First Nation?  Before the 1980s GHG science I can see being proud of oil sands and committing conflicts-of-interest to subsidize the now known to be useless/harmful industry.  If you take A.Coyne’s “Black Shift” to its logical conclusion you increase the odds civilization will end, marginally at first, and then exponentially, despite what D.Frum’s National Post column says to the contrary.  Frum doesn’t understand probability or incorporate quantum physics.

  3. Not a bad idea. Thousands container ships make the return to Asia trip from US and CA ports empty.

  4. What, exactly, does Flaherty have in mind?

    Are the feds currently blocking the Enbridge pipeline to Kitimat somehow?  Are they going to subsidize the Enbridge line?  Other?

    • Probably nothing other than Flaherty musing his brain farts out loud. 

      • Yeah…but I’m very mildly ‘conflicted’ about this musing from Flaherty.

        On the one hand I really appreciate it when any of our MPs feels free to share some or even all of their thoughts. After all, (supposedly) they are taking care of public business, and I happen to be a member of said public.

        Yet, OTOH, I’m a bit disturbed that the guy that has a major influence on our public finances seems to have such a tenuous grasp on ‘reality’.

  5. Good luck with the land claims issues. It would be easier to build a pipeline to the moon than put it through BC. Would be great to have more export options, and would also be great to see the US stew in the juice of its own indecisiveness as they were forced to import more oil from the Mid-East, but it won’t happen. If we can’t even get a pipeline routed through Nebraska approved, we can forget about going through northern BC. Whatever approval issues they have in the US, they don’t have land claims issues to contend with. 

  6. What a victory for environmentalists. Now the US will burn more coal instead. 

  7. Or we could just refine the stuff ourselves, creating more made-in-Canada jobs, and sell them (or other Canadians, or whoever else wants it) the finished products

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