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Thread: PetroChina buys entire Alberta oilsands project

  1. #261
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by AdamT View Post
    And what about the rest of the argument that you ignored completely?
    Try reading my post. All of it was answered.

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  2. #262
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Gill View Post
    Try reading my post. All of it was answered.
    I'll go back and read it now that you've edited it to address the other arguments. Wow.

  3. #263
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Gill View Post
    We get almost 18% of our oil from Persian Gulf countries or 60,000 barrels a month.

    We get over 83,000 barrels a month from Canada.

    Yes, there are existing Keystone pipelines that bring oil from Canada. They currently bring 435,000 barrels a day which will be increased to 590,000 bpd. Construction of the Keystone XL pipeline will add an additional 510,000 bpd to refineries in the U.S.

    The primary objection was that the original design carried the pipeline over the Ogallala aquifer and through the Sand Hills in Nebraska. That was changed and a new route has been approved by Keystone and the state of Nebraska.
    And how much of that additional capacity will actually go to the export market, as opposed to reducing import demand?

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by AdamT View Post
    [...] Isn't the real thrust of this pipeline to get the oil from Canada to U.S. refineries on the Gulf Coast so that it can be loaded on tankers and sold for export? Thank you.
    I have heard that. Finding any proof would be pretty much impossible (the players would not want to let that cat out of the bag).

    It is supposed to be really nasty stuff, regardless (high sulfur content IIRC, difficult to refine, as is all the tar sands/shale stuff)... we'd probably be better off selling it to China and using the money to buy cleaner crude from someone else.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Gill View Post
    Quote Originally Posted by Karl, replying to Gill View Post
    [...] The global location of the imported oil we are dependent upon is irrelevant (except for propaganda purposes), since any interruption in global supply will result in a global price and consumption shock. So -- it doesn't matter if the Keystone XL oil goes to us or China, as long as it goes somewhere and keeps the global supply chain in operation.
    [...] No sane person would claim that Canadian oil is the same as middle eastern oil. I don't think Canada has a nutjob threatening to shut down the primary avenue for oil shipments throughout the world. I haven't seen any indication that some dictator has been killing his citizens in Canada. Haven't seen too many instances of internal terror attacks on pipelines and oil fields in Canada.

    When you decide to post serious comments, let me know.
    Oil is fungible. Put that in your serious pipe and fire it up

  6. #266
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by AdamT View Post
    I'll go back and read it now that you've edited it to address the other arguments. Wow.
    It was edited before you quoted it the first time. Don't you even read the posts you quote??

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  7. #267
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Karl View Post
    Oil is fungible. Put that in your serious pipe and fire it up
    I don't smoke.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  8. #268
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by AdamT View Post
    And how much of that additional capacity will actually go to the export market, as opposed to reducing import demand?
    Who knows and who cares ???

    American refineries and American workers will refine the oil into a thousand components for sale either here or to reduce our trade deficit.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  9. #269
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Gill View Post
    Who knows and who cares ???

    American refineries and American workers will refine the oil into a thousand components for sale either here or to reduce our trade deficit.
    It's not going to reduce our trade deficit that much if the oil is imported and just refined here. But it will certainly be good for Canada's trade deficit.

  10. #270
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by AdamT View Post
    It's not going to reduce our trade deficit that much if the oil is imported and just refined here. But it will certainly be good for Canada's trade deficit.
    Ahhh, so our refineries don't add any profit to gas and other refined products before exporting them ????

    Please tell me you wrote that while still half asleep.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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