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TransCanada looks at possible eastbound pipeline to ship crude

CBC.ca -- The CEO of TransCanada Corp. confirmed Friday that the company is in the early stages of weighing a plan to ship Western Canadian crude to eastern refineries that currently rely on expensive imports from overseas.

"We have a lot of work to do technically. We have a lot of work to do in conversations with our shippers. But at the 30,000-foot level, it seems to make sense to people," Russ Girling told reporters following the pipeline and utility company's annual general meeting.

"So we're going to actively pursue it and see if we can turn it into an opportunity for both the oil and gas industry and for TransCanada."

Eastern Canadian refiners have asked TransCanada whether it's feasible to send Western Canadian crude their way so that they don't have to buy a raw product based on higher

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Submitted Apr 28, 2012 By: orphancarguyPE

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inchgallo Rookie Author Manitoba Posts:46 Points:11,220 Joined:Apr 2012	Message Posted: Apr 29, 2012 2:24:02 PM Ignore inchgallo Report Abuse Sounds good to refine our own fuel but does that mean we will be able to buy gas at a producer nation price which is alot lower than what we pay now the world price, we need a break from the large company profits, from resources of the country
glorioussnookie Champion Author Tennessee Posts:3,761 Points:699,370 Joined:Feb 2010	Message Posted: Apr 29, 2012 2:13:38 PM Ignore glorioussnookie Report Abuse YaBassa you hit the nail on the head!!!!
majormarket All-Star Author Houston Posts:829 Points:788,485 Joined:May 2008	Message Posted: Apr 29, 2012 11:53:50 AM Ignore majormarket Report Abuse Those darn Canadians - always resourceful and pragmatic. Someone needs to stop these rogue elements. (Tongue firmly in cheek.)
fracknsave Champion Author Grand Rapids Posts:1,666 Points:58,000 Joined:Mar 2012	Message Posted: Apr 29, 2012 10:47:19 AM Ignore fracknsave Report Abuse It is black gold and it will eventually find a market whether you like it or not.
YaBassa Champion Author Michigan Posts:2,420 Points:515,150 Joined:Nov 2011	Message Posted: Apr 29, 2012 9:33:12 AM Ignore YaBassa Report Abuse One of the problems of sending this dirty sand oil to the Gulf refineries was that the pipeline would go through the fragile Oglala Aquifer, but now they want to put a leaky pipeline through the Great Lakes water basin. Big Oil doesn't care what it screws up as long as it makes money. We can live without oil, but we cannot live without water.
Gas_Eyes Champion Author Dallas Posts:2,667 Points:642,910 Joined:Mar 2011	Message Posted: Apr 29, 2012 9:17:44 AM Ignore Gas_Eyes Report Abuse The $64,000 question for Canada's refineries in the East is whether they can process the heavier and sour crude from the dirty tar sands when they are more geared toward lighter and sweeter Brent Crude that they normally import.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Apr 29, 2012 9:16:48 AM Ignore db60 Report Abuse Whatever.
Track79 All-Star Author Maine Posts:802 Points:599,265 Joined:Mar 2010	Message Posted: Apr 29, 2012 8:42:01 AM Ignore Track79 Report Abuse Sure
dave27johnson Champion Author Chicago Posts:1,787 Points:406,700 Joined:Feb 2012	Message Posted: Apr 29, 2012 8:27:32 AM Ignore dave27johnson Report Abuse Let's build the infrastructure to extract, move and refine oil and gas throughout North America.
orphancarguyPE Champion Author PEI Posts:3,837 Points:733,040 Joined:Jan 2011	Message Posted: Apr 29, 2012 8:13:09 AM Ignore orphancarguyPE Report Abuse Beside, Canadians would be much better customers for Canadian oil than Americans have turned out to be. We would gladly pay say $110 a barrel for it, rather than importing it from the mideast or Venezuela at say $120-125 a barrel as is the case now. It even more galling that the US is stiffing Canada to the tune of only paying $75.00 a barrel for Canadian crude, really a giveaway price--and a massive subsidy of the US economy by Canadians.
Evilmaddog Champion Author British Columbia Posts:3,312 Points:955,600 Joined:Aug 2010	Message Posted: Apr 29, 2012 8:10:09 AM Ignore Evilmaddog Report Abuse Couldn't hurt
LilRedWagonIN Champion Author Indiana Posts:7,766 Points:1,552,435 Joined:Oct 2008	Message Posted: Apr 29, 2012 8:02:38 AM Ignore LilRedWagonIN Report Abuse South? No. West? No. East? Not decided yet, but probably no. So, anyone want to suggest North?
orphancarguyPE Champion Author PEI Posts:3,837 Points:733,040 Joined:Jan 2011	Message Posted: Apr 29, 2012 8:02:00 AM Ignore orphancarguyPE Report Abuse No, CHINA is west for Alberta crude, and that is being considered as well. The pipelines EAST would be to supply eastern Canada refineries in Ontario, Quebec, and possibly Nova Scotia, New Brunswick and Newfoundland.
bullet226 Champion Author Toronto Posts:2,716 Points:534,915 Joined:Nov 2010	Message Posted: Apr 29, 2012 7:44:08 AM Ignore bullet226 Report Abuse East, as in CHINA!
VDubBill Champion Author Jacksonville Posts:3,765 Points:1,260,870 Joined:May 2008	Message Posted: Apr 29, 2012 7:43:48 AM Ignore VDubBill Report Abuse If they're going that way couldn't they use the Great Lakes as part of the line?
dr047 Champion Author Cleveland Posts:2,581 Points:515,495 Joined:Aug 2010	Message Posted: Apr 29, 2012 6:10:28 AM Ignore dr047 Report Abuse Will it it lower gas prices for Canadians? Doubt it! Sounds like a ploy to put pressure back on the U.S.
nfldude Champion Author San Diego Posts:3,857 Points:443,855 Joined:Dec 2011	Message Posted: Apr 29, 2012 3:22:10 AM Ignore nfldude Report Abuse git er dun...
abacus44 Champion Author Toms River Posts:3,470 Points:745,790 Joined:Jan 2011	Message Posted: Apr 29, 2012 2:51:54 AM Ignore abacus44 Report Abuse "This was an interesting article. I am still confused as to why oil must be transported such long distances. Would it not be possible to construct environmentally secure refineries in the largest urban area near the oil field and refine gasoline there? " Then they can ship the more volitile refined products through a pipeline. Brilliant!
Doro Rookie Author Nebraska Posts:57 Points:5,310 Joined:Apr 2012	Message Posted: Apr 29, 2012 2:11:45 AM Ignore Doro Report Abuse This was an interesting article. I am still confused as to why oil must be transported such long distances. Would it not be possible to construct environmentally secure refineries in the largest urban area near the oil field and refine gasoline there?
MN1 Champion Author Twin Cities Posts:3,349 Points:648,640 Joined:Jun 2011	Message Posted: Apr 29, 2012 1:51:35 AM Ignore MN1 Report Abuse Good for CN.
DandyDapple All-Star Author North Dakota Posts:715 Points:309,320 Joined:Sep 2008	Message Posted: Apr 29, 2012 1:38:58 AM Ignore DandyDapple Report Abuse And BO has the railroads in his pockets ...
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Apr 29, 2012 1:10:23 AM Ignore anascom Report Abuse better late than never!
paisho6 Veteran Author Oakland Posts:294 Points:37,530 Joined:Feb 2012	Message Posted: Apr 29, 2012 1:03:36 AM Ignore paisho6 Report Abuse ok
jimgraham Champion Author Akron Posts:10,362 Points:1,977,260 Joined:Oct 2007	Message Posted: Apr 29, 2012 12:49:02 AM Ignore jimgraham Report Abuse Just what I have been saying for the last 8 months or so. Idiots...
MontanaMac Champion Author Washington Posts:1,736 Points:410,050 Joined:May 2011	Message Posted: Apr 29, 2012 12:12:02 AM Ignore MontanaMac Report Abuse Better than routing west to China....
1momsunshine Champion Author Ottawa Posts:5,480 Points:998,630 Joined:Mar 2010	Message Posted: Apr 29, 2012 12:03:35 AM Ignore 1momsunshine Report Abuse ok
JohnofGB Champion Author Flint Posts:5,411 Points:1,094,245 Joined:Feb 2010	Message Posted: Apr 29, 2012 12:03:24 AM Ignore JohnofGB Report Abuse Beats using railroad tank cars. And its a lot safer.
SammyAdams Champion Author Tallahassee Posts:3,043 Points:790,775 Joined:Nov 2010	Message Posted: Apr 29, 2012 12:01:25 AM Ignore SammyAdams Report Abuse To: NHLiveFree Re: Message Posted: Apr 28, 2012 8:51:04 PM (Printed below) "No humble, TransCanada and Royal Dutch Shell really "stiffed" Eastern Canada by not starting with this approach and design first. We all know they only desire to get their crude to the highest bidder in China by any and all means possible. God forbid that they create a "surplus" of oil and gasoline in Canada. That could potentially lower the exorbitant gasoline and diesel prices that Canadians now pay!!!" ==================================================================== If TransCanada was desiring to " . . . get their crude to the highest bidder . . ", then they would be doing what most every business was trying to do for their investors. U.S. companies export much of their crude oil and refined products overseas, because it commands a higher price. To infer that getting the most money for their products in some sort of aberration is misleading. And there is nothing wrong with this objective. To get their crude to the Gulf of Mexico was TransCanada's first strategy; no doubt encouraged by our Department of State. But after 3 years of jumping through all the necessary hoops with a "thumbs up" by our State Department and to eventually have it nixed by BO who didn't have this as part of his political agenda, what are they supposed to do? They are pursuing the development of the Keystone XL in two segments and examining all other options, as well. As a country we are very fortunate to be in a position to assist them with this pipeline. Canada is already our biggest trading partner and having the pipeline traverse our land is an added benefit because of the American jobs that it will generate and give a measure of security for both TransCanada and US.
Beaveronparade Champion Author Hartford Posts:2,099 Points:633,180 Joined:Mar 2011	Message Posted: Apr 28, 2012 11:58:35 PM Ignore Beaveronparade Report Abuse I say the pipelines are a great idea.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Apr 28, 2012 10:50:28 PM Ignore 36_ACRES_4_SALE Report Abuse good
mrbee Champion Author Little Rock Posts:3,744 Points:2,464,030 Joined:Oct 2005	Message Posted: Apr 28, 2012 10:43:52 PM Ignore mrbee Report Abuse Good news
EricBrazil Champion Author Miami Posts:2,127 Points:470,525 Joined:Nov 2011	Message Posted: Apr 28, 2012 10:43:08 PM Ignore EricBrazil Report Abuse Ok
gazprize Veteran Author Toronto Posts:483 Points:125,120 Joined:Jan 2012	Message Posted: Apr 28, 2012 9:58:56 PM Ignore gazprize Report Abuse ok
doeslayersr Champion Author Illinois Posts:9,098 Points:870,055 Joined:Dec 2010	Message Posted: Apr 28, 2012 9:55:32 PM Ignore doeslayersr Report Abuse Sounds like a good plan to me.
NHLiveFree Champion Author New Hampshire Posts:11,076 Points:1,620,255 Joined:Jun 2008	Message Posted: Apr 28, 2012 8:51:04 PM Ignore NHLiveFree Report Abuse No humble, TransCanada and Royal Dutch Shell really "stiffed" Eastern Canada by not starting with this approach and design first. We all know they only desire to get their crude to the highest bidder in China by any and all means possible. God forbid that they create a "surplus" of oil and gasoline in Canada. That could potentially lower the exorbitant gasoline and diesel prices that Canadians now pay!!!
aquarinut Champion Author British Columbia Posts:1,628 Points:436,005 Joined:Jul 2011	Message Posted: Apr 28, 2012 8:48:39 PM Ignore aquarinut Report Abuse Reducing reliance on higher priced offshore oil for lower priced domestic oil is always a good idea. It would stimulate domestic growth, reduce offshore dependency and affords the ability to explore cleaner extraction and the higher development of alternative energy... providing its done properly! Who knows, the oilsands may be the economic upswing required to allow Canada to become an extremely green friendly country without bankrupting the nation!!
humblepie Champion Author Toledo Posts:34,128 Points:2,369,420 Joined:Mar 2006	Message Posted: Apr 28, 2012 8:29:25 PM Ignore humblepie Report Abuse i hope canada makes it happen, obama really stiffed them, just like all our allies...abo 2012
Road-Runner Champion Author Denver Posts:7,046 Points:1,905,165 Joined:May 2004	Message Posted: Apr 28, 2012 8:25:31 PM Ignore Road-Runner Report Abuse Sounds like a smart move, especially if the pipeline stays in Canada where it is not subject to Obama's veto.
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Apr 28, 2012 8:06:53 PM Ignore VomVom Report Abuse Pipeline to any market is welcome.