Quote (TiStuff @ Apr 22 2022 02:03pm)
oooooOOOOOoooooo ..........15 cents
Well, considering that pipeline proponents were saying it would lower gas prices at the pump, and the pipeline builder/operator's own application with the Canadian Energy Regulation board stated the exact opposite would occur, it's a significant point.
Actual document filing containing that information in greater context can be found here:
https://apps.cer-rec.gc.ca/REGDOCS/Item/View/549220The document in question is the one titled "B-1f - Supply and Markets (Tab 3) incl. Appendix 3.1 - A1I9R7", and the money quote is on page 7.
Quote
Existing markets for Canadian heavy crude, principally PADD II, are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in PADD II by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. Similarly, if a surplus of light synthetic crude develops in PADD II, the Keystone XL Pipeline would provide an alternate market and therefore help to mitigate a price discount. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.
This post was edited by Surfpunk on Apr 22 2022 01:25pm