|
|
Post by cascade on Dec 7, 2005 10:48:56 GMT -8
I see that the Chinese have signed a deal with "Canada" for 430,000 barrels of oil - via a pipe line into Kitimat. So it seems that Oil Tankers will be leaving the BC Coast.
On the Kitimat web site - they are saying that the pipe line will not be finished / ready until 2008 - but for only 100,000 barrels per day.
A small difference to what is in the Press over here and on the floor of the exchange - big news to sell oil to the Chinese - when the Americans need it.
Lot's of talk about one in the eye for the Yanks - as they are causing problems with duty on the timber sold into America from BC / Canada.
It seems / appears that Kitimat is ready to handle the shipping side - BUT do they have space for a small container port ? I can't see anything from the photo on there site - so do members know anymore about the size of the Port and surround lands - suitable for a container port?
|
|
|
|
Post by Balfour on Dec 7, 2005 11:19:59 GMT -8
I guess they will have to build a container port by 2008.
|
|
|
|
Post by Doug on Dec 7, 2005 18:20:24 GMT -8
I wonder why you put Canada in brackets...but anyways, will this be the same fuel that goes in our vehicles? Then we don't have to be so reliant on the Americans and their stupid hurricane-ridden Gulf platforms.
|
|
|
|
Post by Political Incorrectness on Dec 7, 2005 18:33:04 GMT -8
Well the US relies on Canadian oil from Alberta. Why do we not just have a huge pipeline running through Canada to the US from Alaska? I don't know probably more involved. But if we got alot of oil in Alaska why do we need Canada's oil?
|
|
|
|
Post by Dane on Dec 7, 2005 21:48:43 GMT -8
I wonder why you put Canada in brackets...but anyways, will this be the same fuel that goes in our vehicles? Then we don't have to be so reliant on the Americans and their stupid hurricane-ridden Gulf platforms. Unless the deal was signed by the GG (Governer General) or another senior member of the exectutive then it wasn't signed by Canada. I don't know who did do it, by I assume it's all private enterprise. BTW - Softwood has nothing to do this, it's smart economics. Growing economy with even faster growing base or country several billion dollars in debt involved in a war that isn't giving an economic gain and there's no short term chance of any notable recovery. |
|
|
|
Post by cascade on Dec 8, 2005 10:04:16 GMT -8
I guess you guys missed the front page of the "Times Colonist" 3rd December where they had a go at the UK - magazine called the "Economist" which had a detail article about Canada and all it's problem. BUT it called Canada "Cool" with mad/bad politicians.
It was 15 pages and there was 3 main points - Oil, Timber and Provincial Taxes - share outs.
I don't read it - because it is very left wing. Was bought-out about 15 years ago and really lacks any bite now. All the good editors have left - readership is down - so very much off the radar screens. Anyway - if any of you want a copy - send me your fax number - and load your paper tray - 22 pages - I'll send it to you.
Should give you an idea of what people think about Canada - from outside Canada. The Economist was once a very good magazine - but really has dropped down the league. But the article is interesting and well written.
|
|
|
|
Post by Retrovision on Dec 8, 2005 17:31:57 GMT -8
Dane wrote:
"BTW - Softwood has nothing to do this, it's smart economics."
Smart economics, indeed... great timing, for sure!
It might be a prudent move, but the timing is impecable:
Softwood lumber dispute - Canadian minority government getting bullied (even after a major mediatory body (NAFTA) agrees w/ Canada) - Canadian minority Gov't charged w/ corruption - Canadian minority gov't wants to keep its more than decade's long tenure on the reigns of power.
...the motivation behind moves such as the tenative oil deal w/ China might not be simply because of one reason such as softwood, but that doesn't mean it wasn't a contributing factor.
|
|
|
|
Post by cascade on Dec 12, 2005 8:29:19 GMT -8
Doug,
The deal was announced by Canada - but the oil comes from Alberta and they are pissed off with the Federal boys stealing there thunder. What we see over here - is them against us - like BC & Alberta against the boys from back east - Ottawa.
The pipe line - oil to China - has caused people in the market to start looking at Canada again. The Tar Sands - hold around the same amount as Saudi Arabia - just the method of getting it out of the ground is the conversational point. (Cost and environmentally)
Now having a pipe line to the BC Coast - well this is news to the market - which means more traffic - which means more business to them in the market. Insurance - tugs, Custom clearance, paper work ect... job's money transfer - relationship with China. Trade not so depended on America.
You need to think in more global terms than just "local" terms.
|
|
|
|
Post by Dane on Dec 12, 2005 18:42:09 GMT -8
You know most peop,e think that North American oil comes from the Middle East. They're pretty much wrong. I cant remember the specfic break down but something like 90% is from Canada and South America, 5% misc, and 5% MIddle East.
|
|
|
|
Post by lubicon1 on Dec 15, 2005 12:17:14 GMT -8
The pipeline will be built and operated by Enbridge and will be know as the Gateway Pipeline. It will be a 30" pipeline carrying about 400 000 bbl/day from Edmonton to Kitimat for export, and also a 20" 150 000 bbl/day pipeline carrying condensate from Kitimat to Edmonton. Condensate is needed to dilute heavy crude oil making it easier to ship by pipeline.
I'm not sure what people mean when they say they need to build a container port by 2008??? The oil will be shipped by tanker out of Kitimat to wherever it's going. China has signed on to by a lot of Canadian crude but the oil can go wherever there is a contract (ie refineries in California too). People have to remember a few things. The oil is not bought or sold by Canada, Alberta, or China but rather by various companies so it's not like Canada is selling oil to China or the U.S.. It's more like Esso is selling it to Chevron or whatever.
The U.S also still imports a lot of oil from the Meddle East (and a lot of other places too), but Canada is their #1 or #2 supplier (Saudi might be #1, I can't remember, but it's close). We supply nowhere near 97% of their imports. Natural Gas probably, but not oil.
|
|
|
|
Post by cascade on Dec 16, 2005 9:13:28 GMT -8
The problem / difference with crude oil from the Middle East and American crude oil is the Sulphur content. The Tar Sands - it is very low in sulphur content, and therefore much easier to refine than the heavy crude from the Middle East.
George Bush - after the two storms - dropped the level of sulphur content in the finished product - which will help the American refineries. George also wanted to keep the voters moving - so the refining of crude into petrol / gas for your cars was given a high priority.
Yes it is the companies who invest in the Tar Sands and it is them who are building the pipe line - but deals of this shape are announced at top government levels - it is all about politics in the Global sense. Canada needs to step up to the plate more offen - and a deal with China for oil - via a pipe line is one in the eye to the Americans and there duty on Timber prices ect... this is just one of many things - but Timber prices / duty is currently in the spot light now.
|
|
|
|
Post by Dane on Dec 16, 2005 15:55:30 GMT -8
... and that's why you buy one grade higher gas in the states  I put 89 in my car the other day in Washington and my dad went buck. |
|
|
|
Post by cascade on Dec 27, 2005 5:52:06 GMT -8
Is there crew trained to bring in the tankers - new job's?
Tugs ? where from? What about shore supplies ?
When will all this happen - soon ? What pollution control do they have - rescue services?
|
|
|
|
Post by Scott on Dec 27, 2005 11:01:01 GMT -8
Pollution control? I could be wrong, but I think BC's (Canada's?) pollution control is to ban tankers from the Inside Passage.
|
|
|
|
Post by cascade on Dec 31, 2005 7:04:59 GMT -8
So where would they load the oil from ? Offshore pipeline - like in a number of other places?
|
|
I put 89 in my car the other day in Washington and my dad went buck. 
