Topaz Posted November 24, 2012 Report Share Posted November 24, 2012 Finally, a report out saying why there is so much difference in prices of gasoline across Canada. It has to do with two oil benchmarks of Brent and WIT,which started top go in different direction and drag the prices with them. Brent, tends to move with Europe and conflict of the Middle-East and WIT, move with North America. In my view, Canada should have been building oil refineries to deal with demand for gasoline. http://ca.news.yahoo.com/gas-prices-off-charts-due-2-tiered-canadian-013329870--finance.html Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 24, 2012 Report Share Posted November 24, 2012 We have the refineries. They're in the Maritimes. They need to ship the oil out here to be refined though and Harper's too busy building a firewall around Alberta and kissing China's ass to give a fig about how the rest of the country is doing. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 24, 2012 Report Share Posted November 24, 2012 (edited) Why didn't Canada ever build east-west pipelines and distribution network ? Why is this suddenly PM Harper's mistake after decades of inaction and the failed Liberal inspired NEP ? Edited November 24, 2012 by bush_cheney2004 Quote Link to comment Share on other sites More sharing options...
jbg Posted November 25, 2012 Report Share Posted November 25, 2012 We have the refineries. They're in the Maritimes. They need to ship the oil out here to be refined though and Harper's too busy building a firewall around Alberta and kissing China's ass to give a fig about how the rest of the country is doing. Why didn't Canada ever build east-west pipelines and distribution network ? Why is this suddenly PM Harper's mistake after decades of inaction and the failed Liberal inspired NEP ? Has anyone taken into account the relative length of an East-West pipeline as opposed to North-South? The East-West one would have to be ridiculously long. The current configuration makes far more sense. As far as the differences in crude oil prices, they have as much to do with the relative amounts of product that can be refined from the crude as anything else. Another factor is a local supply glut at Cushing, Oklahoma, which results from the illegality of U.S. exports of crude. Overall. the right solution with relatively fungible produces such as oil is to let the market seek its own level. Quote Link to comment Share on other sites More sharing options...
dre Posted November 26, 2012 Report Share Posted November 26, 2012 Has anyone taken into account the relative length of an East-West pipeline as opposed to North-South? The East-West one would have to be ridiculously long. The current configuration makes far more sense. As far as the differences in crude oil prices, they have as much to do with the relative amounts of product that can be refined from the crude as anything else. Another factor is a local supply glut at Cushing, Oklahoma, which results from the illegality of U.S. exports of crude. Overall. the right solution with relatively fungible produces such as oil is to let the market seek its own level. I saw projects and a pipeline out east will only cost a couple of billion dollars more, and it would have much more strategic importance to Canada. Currently we buy most of our oil from Venezuela. It would nice to be in a position where are self sufficient. Quote Link to comment Share on other sites More sharing options...
blueblood Posted November 27, 2012 Report Share Posted November 27, 2012 We have the refineries. They're in the Maritimes. They need to ship the oil out here to be refined though and Harper's too busy building a firewall around Alberta and kissing China's ass to give a fig about how the rest of the country is doing. China has mo ey, the maritimes don't. However it looks like a pipeline may be going there as apparently Quebec, Manitoba, and Ontario are fine with a pipeline going through there. Dirty ahem ethical oil for everyone! Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 27, 2012 Report Share Posted November 27, 2012 Make no mistake about it. The Irving family will make damn sure that pipeline comes out east. Quote Link to comment Share on other sites More sharing options...
Boges Posted November 27, 2012 Report Share Posted November 27, 2012 Would make more sense for a pipeline to come out East, more people over here. They could stop at Thunder Bay couldn't they? Eyeballing it, that's only 3 times farther than the Pacific Coast from Central Albert but there are no mountains in the way. It's always bugged me that Eastern Canada doesn't get it's Oil from Alberta but the US does. Quote Link to comment Share on other sites More sharing options...
jbg Posted November 28, 2012 Report Share Posted November 28, 2012 Would make more sense for a pipeline to come out East, more people over here. They could stop at Thunder Bay couldn't they? Eyeballing it, that's only 3 times farther than the Pacific Coast from Central Albert but there are no mountains in the way. It's always bugged me that Eastern Canada doesn't get it's Oil from Alberta but the US does. Ever try shipping oil mid-winter on the Great Lakes. Just ask the crew of the Edmund Fitzgerald what fun that is. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 28, 2012 Report Share Posted November 28, 2012 Ever try shipping oil mid-winter on the Great Lakes. Just ask the crew of the Edmund Fitzgerald what fun that is. The crew of the Edmund Fitzgerald wouldn't know. They were shipping in November. Quote Link to comment Share on other sites More sharing options...
blueblood Posted November 28, 2012 Report Share Posted November 28, 2012 Would make more sense for a pipeline to come out East, more people over here. They could stop at Thunder Bay couldn't they? Eyeballing it, that's only 3 times farther than the Pacific Coast from Central Albert but there are no mountains in the way. It's always bugged me that Eastern Canada doesn't get it's Oil from Alberta but the US does. Because shipping stuff through the great lakes sucks. Train to lakers to ocean vessels instead of train to ocean vessels in bc or Churchill. There's more people in Asia, and the USA than out east. Third time is a charm. Personally I'd send a pipe north and load up tankers that can go west or east and everyone's happy. Quote Link to comment Share on other sites More sharing options...
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