The $25B Oil Pipeline That Could Make or Break Canada’s Economy | WSJ Breaking Ground

[@wsj]

Canadian grain terminal workers strike, risking exports: on.wsj.com/4dtJwsx

[@jomo4435]

Work it out make negotiations public

[@rayk6449]

When the company wants to negotiate instead hoping for govt to dictate then everyone will be back to work

[@stevegoad4133]

Solved as of Sept 29

[@RisenThe]

@wsj Thanks for leaving out the whole story. Atmospheric carbon dioxide: 1994: 355 parts per million (ppm) 2004: 380 ppm (+2.5 ppm per year) 2014: 397 ppm (+2.7 ppm per year) 2024: 427 ppm (+3 ppm per year)

[@bigj6612]

Don’t worry the liberal government doesn’t respect the right to strike it’ll force anyone back to work

[@arliegilpin5959]

Funny how a few months can make a huge difference in perspective. With a 25% tariff on Canadian oil to the US, that Trans Mountain Pipeline will come in handy.

[@darpompie4354]

Hopefully this non reciprocating reliance on the US is a wake up call. I am all for the environment but you need money to make those changes. It's better that the oil the rest of the world is using comes from us rather than other countries that use the money to have polluting wars. We should use that money to invest into new technologies, use that money to change peoples furnaces to heat pumps for free, etc. The rest of the country needs to wake up and take advantage of this opportunity. There should be more pipelines going to both coasts as well as a line right across Canada instead of having our Eastern provinces buying from these war mongering countries.

[@b.b.latuque9027]

They need Canadas resources and will exempt them. “ just an opinion”!

[@b.b.latuque9027]

Trump and his boys will use the exemption to create division within the Canadian population, it has already started within our boarders.

[@Anonymous-pr3gr]

@@b.b.latuque9027 Trump said that they don't need Canada's oil. The guy must know what he's talking about. A few years ago, he made the USMCA and called it the best trade agreement ever, and now he's saying that the agreement is abusing the US...... whomp whomp whomp

[@terrymckenzie8786]

Bypass America and get 30% more of a world price .

[@andrewr3777]

The fact that the Americans don’t like this pipeline shows it’s a good deal for Canada. It makes it a bit harder for them to take advantage of us.

[@AceChina]

Unfortunately it will never get built due to how incompetent and corrupt Canada is.

[@leofortey7561]

With nafta-2.0, the usa actually has a say in who we deal with. trudy sent a wimp to the negotiation table and that is what we got... no one knows how bad this 'deal' is for Canada.

[@JoshMichael]

​@@TheBic4We have a massive oil refinery in NB

[@JoshMichael]

They tried to make a pipeline there but it got rejected.

[@antiprogpragmatist859]

@@TheBic4.. why make a statement like that without checking if there is any validity to it or not?…btw..there are 17 refineries in Canada

[@jstodalk]

So the problem is that Americans now have to pay something closer to fair market for Canadian crude oil because of Trans Mountain? How is that a problem? Trans Mountain is achieving the goal of expanding Canadian markets for its oil, beyond the US, and thus it achieves a fairer price for Canadian producers. It is a win for Canada. Now why was the pipeline so overbudget?? The video didn't address that question.

[@antiprogpragmatist859]

It was so much over budget because Trudeau got his incompetent hands on it.

[@davidhansen8429]

Any project the government gets involved in goes over budget 🤔

[@Xyy2387]

@jstodalk I worked on this pipeline. I can tell you the extensive list of reasons if you have several hours to spare.

[@jstodalk]

@@Xyy2387 I worked as a welder's helper on pipelines on Canada's prairies back in the late 70s. It was a good job for a kid, and it got me through College. 200 joints a day. Stomping out prairie fires, putting the windboard in place to try to cut down 30 km/hr gusts, handing my welder his rods, but mostly getting yelled at by my welder. Ah, the good old days.

[@Xyy2387]

@jstodalk You betcha, those were the good 'ol days. I started in frac, then onto water management on the PM side. For large sections of TMEP, they were lucky to achieve 200 joints in a month. For certain TCA spreads like the Sumas prairie, it was a complete standstill for months on end.

[@davidhimmelsbach557]

There is absolutely no way that the World will move away from oil in our lifetimes.

[@nobrainsnoheadache2434]

the world might wake up to the fact that COVID could have been 28 days later, and our lifetimes are nasty brutish and short, demonstrated by cashing out and crying over the inevitable, which is only so bec0uase not one politician ever anywhere has had the stones to come out and say no, we must change now, and oil companies will die, in fact that's the whole idea. throwing soup on paintings accomplishes nothing, Greenpeace may as well have never been because, again, not one politician anywhere has ever backed them up and said, you know what? they're exactly right. the people have the will, the people they trust to enact it do not

[@LasagnyaMcMeatsauce]

Agreed. The thought is so foolish. So many products are made with oil. And if the product itself isn't made of or with oil, then the machines used to produce it either run off oil, or their parts are machined with machines that use oil. It's a chain. Everything is linked to oil in some way when it comes to producing any product. I don't get why people think it'll just magically disappear or fade away. Oil is a crucial part of the manufacturing process no matter what. It's too integral to how things are engineered and manufactured.

[@lylestavast7652]

it's already chipping away at it.

[@michaelshimp9464]

No, but it’s gonna get more and more expensive (or subsidized by the goverment) Also it’s a strategic resource for war so countries will always have an incentive to maintain their oil production.

[@christophercharles3169]

Agreed. Unless we go nuclear globally in a big way, we will be using more fossil fuels 50 years from now than we do today.

[@randycliff4045]

Some of these conclusions are very poor. Canada's CO2 footprint is non-existent compared to contamination from coal consuming countries -- meaning Canada could be net-zero and the world is still in trouble. However if Canada's resources can be made available to these poorer countries, getting their societies off of coal and/or wood, there would be a net-positive on the world regardless of Canada improving or not.

[@vampfashions]

Canada is half trees, we are 5 million square miles of carbon sink.

[@johnmay23]

CANADA EXPORTS 30 MILLION TONS OF COAL PER ANNUM VIA THE PORTS OF VANCOUVER AND ROBERTS BANK COAL TERMINALS ( INLCUDING ABOUT 2 MILLION TONS OF AMERICAN COAL THAT U.S. NORTH WEST PORTS WILL NOT HANDLE). YOUR ARGUMENT RE POOR NATIONS HAS NO VALIDITY WE SEE A TANKER ALMSOSTT DAILY OUTBOUND WITH CANADIAN CRUDE BOUND FOR THE USA/CHINA ETC. JM W.VANCOUVER

[@drmodestoesq]

@@vampfashions It's actually 3.8 million.

[@robertbrown3359]

Please provide some links to support your claim. Thank you.

[@randycliff4045]

@@robertbrown3359 I'm not the journalling type but off the top I'd check @arc_conference (Alliance for Responsible Citizenship) sessions focusing on environment or energy, or talks / podcasts with Bjorn Lomborg. We only have one atmosphere so Canada's impact is pale in comparison of other countries in the world burning anything they get their hands on just to stay warm.

[@KobeToddirt]

We wanted to sell more to the US, but you guys said no to Keystone XL

[@don-cw1yz]

It was President Joe Biden who said no to Keystone XL. He cancelled the border permit while the pipeline project was being constructed. A lot of American and Canadian jobs were lost due to his decision. President Trump had approved the Keystone XL project.

[@gordonschmitz9598]

The Biden administration said no!!!

[@strike-too-420]

Biden shut it down to open his own deal

[@bongobaggins8454]

Yep, the US avoided building another pipeline that loses money just like the one in this video.

[@Canada-_]

​​@@gordonschmitz9598 no it was Obama, and Trump.

[@ronsilva7394]

Stalling oil market ? Please give me a break . The whole world wants your oil and will pay well for it .

[@ColdHardToronto]

Typical lying Media

[@IAmWarden.]

And if “western” markets stall, Asian markets that the pipeline is targeting, will for decades require oil.

[@Djamonja]

Even their forecast graph has oil consumption going up 4-5 million barrels per day by 2030, so who knows when it will peak. Could be 10-20 years away.

[@AlphaGeekgirl]

The world does... but the US doesn't want to pay well for it... which is why Americans enjoy some of the cheapest gas prices outside of the Middle East.

[@glennmartin6492]

@@frostydicegaming5518 What ties to Saudi?

[@davidmoore5218]

The academic interviewed blathers on about how governments should never step in to do projects the private sector considers uneconomic. Completely ignores the fact Kinder Morgan was entirely committed to this project and would have completed it had not both provincial and federal governments imposed such a convoluted and everchanging regulatory approval process, that Kinder Morgan made the decision to walk away, since even after a couple of years in they had no idea when approvals would be forthcoming. Hard to make an economic case for a project when you have no idea when you can start construction. That’s when the lightbulb went off in the feds heads…wait, I guess this pipeline project actually is important to the Canadian economy. Now that we’ve scared off the private sector, I guess we have no choice but to do it ourselves.

[@antiprogpragmatist859]

100%

[@TristenPKlein]

BAMM 💯% Spot on David 👍👍👍. These incompetent politicians and academic elites have absolutely no clue how the real world works.

[@TristenPKlein]

Energy is the lifeblood of the economy it affects every single aspect of goods and services produced from something simple as a no. 2 pencil all the way up to multi billion dollar machinery, oil is used in over 2 billion products and services used by the human race daily including food production if you purposely force shortages due to ideological extremism the cost and shortages of daily goods and services increase.. economics 101! Increasing supply to meet demand and beyond it decreases prices on production of goods and services! We are currently 18 million barrels of oil short per day to meet demand for the US economy and this is purposely being driven by these DeGrowth Radical Extremist to force the population into the Green Energy Scam so they can continue their goal of 100% control over the energy sector thus giving them 100% control of the economy thus 100% control over your livelihood and lives!

[@TristenPKlein]

💯% Spot on David👍👍👍

[@lmtada]

Correct. 100%

[@braudhadoch3432]

Rail transport has caused more oil spills in 12 years then all pipelines ever.

[@nobrainsnoheadache2434]

Lac Megantic, say no more

[@rcchin7897]

Houthis and uninsurable old Russian tankers working hard to make up the difference, but nobody cares, either. :

[@dannowak6468]

All it will take for that to change is one tanker going aground.

[@mollyritaevans7086]

Train line have been here since Confederation so there is no Data that compares to this analogy.

[@joshuamills2868]

Why doesn’t Canada just build new state of art refineries on site?

[@akemumoren4133]

amerikkka

[@MickeyMacks1]

It probably will now that its biggest market, the U S., doesn't need it anymore. 😂😂😂

[@stevedockeray]

@@MickeyMacks1 Why doesn't it need it ? Americas refining system is set up to use the heavier cheaper oil but most of Americas oil is light sweet crude that gets exported . If not Canada then where does America get the oil it needs to refine f ? Drill baby Drill is just propaganda as it is for export & not gasoline production an home .

[@9213147]

Which global companies want to bring their money to Canada since 2015? None!

[@DavidM2002]

That's been a question for years around here. But, what I've read is that the economics of such a huge project are just not worth it otherwise it would have been done long ago.

[@pennyshi6474]

my professor of international trade in university told us that the States annually rips Canada off the most. it's very unfair for Canada in many deals.

[@leofortey7561]

now more than ever, thanks to the new nafta.

[@carlkoytzan6045]

Mine too! My professors back when I was in University told us that NAFTA was a bad deal for Canada and why don't we get into the European Union. Canada continues to be ripped off by the United States. The Canadian dairy industry is hanging on by a thread be Wisconsin produces more milk than the entire Canadian dairy industry and this issue is a point of contention by the yanks. Also the lumber and cedar industry and Aluminum. Why does Canada even bother when the yanks just take? The auto industry too!! Buy American is killing us. Another reason to remember the fair trading practices of the yanks!🤔🇨🇦❤

[@kangkim150]

@@carlkoytzan6045 What other choice you guys have? The US is your protectorate so you should be more grateful and follow their lead like when you guys put tariffs on Chinese EVs.

[@zachem66]

@@kangkim150 Or Canada could just do what's in its best interests, the US be damned. But that clearly hasn't been a priority for Canada. It's purely a matter of weak and short-sighted leadership by successive Canadian governments.

[@NoName-ny1bt]

@@kangkim150Protect Canada from whom? lol

[@gnomidomi]

Increased prices for American oil refineries? Cry me a river

[@phiksit]

As we're already drilling and exporting record amounts... yeah, poor oil companies... boo hoo hoo

[@truthisthevictory9278]

The overseas market wants unrefined crude for the many oil bi-products. The oil bi-products is where the money is made. Canada is giving away jobs.

[@m_moj604]

WSJ missed the part where Canada can now supply crude to countries dependent on Russian Crude. So in other words; those sanctions on Russia would actually start to hurt now.

[@443DM]

Canada exporting oil to europe from the pacific or something? Kinda a long trip, no?

[@zvexevz]

Except those countries are paying a steep discount on Russian crude, given that it was forced to redirect its exports from its main European customers. That discount has varied, but at times been as large as ~$20/barrel vs Brent. Canadian producers will have a hard time competing with such discounts, especially if they want to move in volume. Exports to Asia rose considerably in June when the pipeline started operation, then fell in July and Canada was forced to start selling to California instead. Not exactly the diversification hoped for. I haven't seen the more recent numbers, but there's no guarantee that Canadian crude will be able to compete with Russian Urals.

[@m_moj604]

@@443DM India & China are two or Russia's biggest customers in Asia. Korea following suit.

[@443DM]

@@m_moj604 those countries don’t mind being dependent on cheap Russian oil. Price wins for them and Russia is closer than Canada.

[@warrensteel9954]

​@@443DMwe could be, if Trudeau's father had supported the pipelines back in the day.

[@shanedinapoli2240]

Oil demand has increased every year since oil was first discovered. This article completely misleads the viewers of the economics of oil pipelines.

[@Nainara32]

This article should have included upper and lower estimates of the ROI on the current pipeline cost. That's the most important piece of information and WSJ completely omitted it.

[@Da1its0Uf8oma]

This is not a news article. this is a propaganda piece. hence no need to expect any real information. Oil is going no where.

[@RobertMartin-s2v]

Not in 2020…. Also peak internal combustion car sale was 7 years ago.

[@stevegoad4133]

@@RobertMartin-s2v 2020 was the peak of Covid. The only thing that increased was toilet paper that stills peoples basements.

[@Tryp-j9d]

You LIAR!!! It DECREASED, in SEVERAL YEARS of recessions!!!! AND pandemics!!!!

[@able101g]

World is not moving away from oil as fast as described in this video

[@Matt-YT]

Also, it doesn't differentiate the types.

[@Beeem9]

Even if we stop using oil on daily basis the world will still use it for production reasons so its a win for Canada

[@ivan2056]

Yeah garbage reporting. Reports of Oil demand decreasing is fake news.

[@mikeb5664]

Of course it is. Look at start-ups of fossil fuel vs renewable. Investment in clean energy technologies is significantly outpacing spending on fossil fuels

[@riseofazrael]

It will take decades to wind down oil reliance and move to other options on a fully integrated scale. We're taking half a century at least. We will still need oil during that time and even after as small industries get upgraded and modernized.

[@rb239rtr]

One thing not specifically noted, is though Alberta oil is (was) captive to US markets, many US refineries are designed specifically to refine Alberta oil. These refineries cannot be changed to other oil supplies, so those refiners are captive to Alberta oil

[@vampfashions]

The gulf coast refineries were saved by linking them to Alberta oil. They ran out of the feedstock they were built to refine.

[@williamhoffer9277]

Canada would have been better off refining the heavy oil in country and then shipping the more expensive refined products to international customers.

[@linmal2242]

Yes

[@phiksit]

And what about the lakes of toxic waste left over (tailing ponds) from extraction? Your ground water is going to be F'd.

[@davejohnson3773]

That is true to point. The problem is Canada does not have the refining capability for heavy crude. Other countries already have refining capacity that can handle heavy crude from the oil sands. The cost of building the capability in Canada is huge. To get through Canada’s regulations and environmental assessments requires a lot of lawyers and takes a lot of time. That’s just the way Canada is. It would be great if we could change the rules and get on with the job but , we can’t.

[@davejohnson3773]

@@phiksitand what glorious pollution free state do you come r?

[@markb2860]

That's the dream but its almost impossible to build new refineries now. Only upgrade existing ones.

[@leolamorie-fitzgerald9216]

Respectfully, as a Canadian, I’m not worried about rich oil companies in the us taking a slight hit. And it seems like this pipeline is gonna pay for itself within a decade so…

[@Aaa-f7o5e]

Look the United States does not tolerate competition. Look at Venezuela. Canadian politicians will have to stand their ground if they are to benefit local Canadians over American interests.

[@warrensteel9954]

I can't wait for the next Canada election.

[@Apophis1010]

Just need to expand Canadian output.

[@think2146]

@@warrensteel9954 What good do you think that will do ? lol

[@dphitch]

Venezuela's declining oil production has more to due to their nationalization of the oil industry and resulting mismanagement and incompetence than it has to do with U.S. sanctions. Venezuela has plenty of customers that are willing to buy their oil, they just can't produce it, they have destroyed their oil industry.

[@think2146]

@@dphitch hard to find a dumber comment about this than this one .

[@TreDogOfficial]

With all the import tariffs the US slaps on Canada, it's no wonder the trans mountain pipeline was built. Now maybe they will get rid of those lumber duties.

[@abdiganiaden]

Lumber duty will stay as we have plenty already, and don’t need your thick tar like oil as we have sweet light shale that is more profitable. Stick to milking your young in real estate

[@PAPADRACOLIN]

@@abdiganiadenamerican’s export majority of their oil and don’t refine theirs domestically. America is a huge consumer of canadian oil due to the american refineries having the ability to process bitumen

[@MetaView7]

Will China be buying?

[@thiessmonkey]

@@abdiganiaden if you think the US produces enough softwood lumber domestically to not need Canada, you are sorely mistaken. Canadian softwood lumber makes up a bit over 1/3rd of the US’ annual needs. Imagine how much more you’d be paying for homes with that big of a material shortage and consequential price hikes.

[@abdiganiaden]

@@thiessmonkey Because Canada has vast swathes of gov owned land and intentionally allows its producers to harvest dirt cheap intentionally. US cannot do this and does not prefer anyway as gov does not own vast swathes of land as well wanting to keep hands off approach. US does not want distorted market which will then require it to be actively managed just like the dairy industry mess

[@Jason442200]

"Trudeau, who's approval rating has slipped..." That's the understatement of the year!!

[@77142957]

That and oil usage is in a downward trend, no it's not! If you smoke the climate nonsense you might think that, but oil usage is increasing every year exponentially.

[@d.b.cooper1]

True but he's done well to last as long as he has. The incumbent will always drop in approvals, especially post Trump given how much the world has shifted to the right...taking that into account, I'm surprised it isn't even lower

[@mrzoinky5999]

And yet they survived a second non confidence vote ...

[@mylanmiller9656]

Trudeau never had the Canadian support, if not For the rag headed Fool that leads the NDP party Trudeau would have been booted out .

[@Tryp-j9d]

WHOSE. NOT who’s, DUMBBELL!!!!!

[@DavidGallaway-l4w]

Canada needs to pivot towards Europe and Asia away from the USA. The GOP has gone full meltdown under the Trump influence. Canada has more in common ethically and morally with Europe than with its southern neighbor. Canada needs to finally build the trans Canada pipeline to the West coast of course but also the East coast for oil and gas sales to Europe. Time to get it done.

[@jmross4945]

Canada should build oil refineries and pipelines in east and west. Govt. Should force the oil companies to build that as they are the one who's making billions of dollars on Canadian oil

[@albear972]

Canada will export their oil to countries who are *willing* to pay for it.

[@TWE_2000]

The only country willing to pay for it is the US. Exporting it to any other country not bordering Canada would add cost that makes it more expensive than other oil sold by Canada's competitors. Its the US or nothing

[@fluxcapacitor1621]

@@TWE_2000 The majority of the oil is destined for foreign markets. CHINA. Shipping is cheaper than you think.

[@pin65371]

@@TWE_2000 the other countries arent looking at using our oil just for fuel. They use it for products. The main country that can provide this really heavy crude is Venezuela which is not the most stable country, requires going through the Panama Canal which is expensive and is much further distance. India alone is looking at increasing their imports by a million barrels per day.

[@stickynorth]

@@TWE_2000 It's clear you know next to nothing about the Alberta oil patch... I'm from Edmonton. Most of the growth was sales to China that were pressured to stop by the USA for political reasons. Having said that exports are now up 11 fold and most of that capacity is oil pumped onto ships destined for Asia... US domestic oil growth is flat at best and declining in many regions due to electric cars... And that's a good thing for all of us as a species..

[@Mr.Septon]

@@TWE_2000 that is not exactly true. Admittedly, the US is the main consumer due to proximity and scale of their needs but there is definitely desire from nations to include our oil in their imports. The reasons for this are multiple. Now, we aren't going to find a single nation that will replace the US desire for quantity but nations like Japan, South Korea, Taiwan, etc. are trying to not just diversify their oil imports, but specifically to try and better counter the risks that can come from their standard oil transportation chokepoints found in the Strait of Hormuz, which can and has been easily disrupted by Iran, as well as the Strait of Malacca which if previously mentioned Pacific nations run into conflict with China ever, could cut them off from their energy imports critical to the very survival of those nations. They don't necessarily need to buy a large percent of their oil from us for it to be worth it on both sides. Additionally, oils prices fluctuate over time and as nations eventually drain the easier to access, transport, and refine oil from nations say in the Middle East. As those oil supplies eventually dwindle, as they already have in some of the smaller Gulf States, our oil will become more competitive but it takes time to build out infrastructure, so to wait until then would really be to delay our ability to benefit from future market shifts. We also should make note that countries do buy resources from us, even when more expensive than alternative options for another reason and this gets mentioned by nations frequently regarding many different types of resources. That is the idea that Canada is also a bit of a brand, like all nations, in and of itself. When buying Canadian oil, coal, lithium, etc. compared to say from certain African or Middle Eastern nations, you know that while yes the costs are higher, Canadian regulations, part of why its a higher cost, comes with more responsible (compared to competitors) with environmental impacts, more responsible with our labour in the sense that its people earning reasonable livings in reasonable conditions compared to some of the human rights concerns in other nations. So nations do also pay a higher cost because it is more "market friendly" to say its Canadian oil versus Saudi oil, or whatever resource typically arises. We also have to look specifically at what the United States of America has been doing in the energy sector over the last two decades and pay attention, looking at what our realistic future is. I remember in 2003 when the US went into Iraq and a lot of people were using "it was for the oil" as a talking point - not getting into any of the event specifically here - but it caused me to study the oil industry a little, global oil reserves, productions, imports, exports, Canada, the US, etc. At that time, the US was far from the largest oil producing nation and wasn't able to compete for the top spot. Of course a lot of their oil came from mainly the America's from Canada, Mexico, and Venezuela, but a significant portion did come from Saudi Arabia. Foreign policy, domestic policy, and energy policy kind of collide in that a couple things happen. The US goes through their huge fracking and shale oil boom and start investing significantly into domestic production. Since then, while the US does not have near the largest oil reserves, they've been able to produce a massive amount - although keep in mind it has only been "profitable" for the industry because it was heavily subsidized by the US government to make it competitive. Since then, the US has been intentionally trying to limit its oil imports. The US will gladly in the name of its own national interests limit Canadian imports if and/or when it see's fit. We don't diversify our economy enough in the sense that too many of our exports and imports are dependent on the United States and not enough is spread out around the world. This makes us incredibly dependent on them if we assume only the US can be our trade partner/customer of real interest. The easiest way to do it is just by slowly and steadily developing out long-term goals that shift interests.

[@tzeimet]

It's interesting how an oil exporting nation like Norway can become a "climate-leader" at home but continue to play a leading role in oil exports. I think this could be a model for Canada, essentially "we are going to clean up our act, but if you want to buy our oil; no problem".

[@warrensteel9954]

Didn't they nationalize their oil industry so all the profits stay with the people?

[@jbqu3142]

Norway should have been a model to Alberta for the last 50 years but Albertans failed to accomplish what Norway did, becoming rich as Cresus.

[@karenneill9109]

Problem is that getting that oil out of the oil sands causes a ton of greenhouse emissions all on its own.

[@vampfashions]

@@karenneill9109 If you add in the millions of square miles of trees around the oil plants, Canada actually takes carbon from the world's air.

[@tilapiadave3234]

@@vampfashions But your sport of clubbing baby seals causes global warming :)

[@yimhappy]

What a buzzkill. Got to find a way to make a win sound like a loss. Alternate oil sources from the Middle East are a good thing. Also, for more balanced reporting, you should have maybe mention that building an oil pipeline through the Rockies is an enormous amount of work, and lots of similar projects go over budget, but still turn out to be economy savers. Don't make it sound like the environmentalists/First-Nations were the big problem.

[@reginald2004]

But they were and it happens every time. It's all about short-sightedness. Everything musy be done now to save the world from exploding tomorrow.

[@Canada-_]

Increasing demand for oil from country like Saudi Arabia, Iran, Syria were women aren't afforded the same rights as men and don't get me started on how they treat gay people. Or we could get oil from Venezuela and support a dictator who starves his own people.

[@seanfaherty]

But the First Nations and environmental groups were the ones placing stumbling blocks. They are the ones filing court cases. No one else. You can’t fool the people who watched this for years

[@maxa3221]

definitely complex: expensive > unknown > necessary > environment > where we are now > can improve environment elsewhere too > long term economy > jobs now > CAD dollar used to be $1.08 in 2012 > since $0.63-$0.74..aka running a country is Complex. You have to be realistic and do best sacrifices/investments.

[@Bradymcbridhe8304]

Agreed. They say oil demand is reducing... I don't see that happening any time soon with all these wars going on. Just propaganda to kill Canada's ambitions.

[@michaelandersen141]

Canada needs to get pipelines to the coasts so it can get away from American bullying. It has become a matter of National Security!!!

[@d-rockanomaly9243]

Hey WSJ... We're totally ok with putting our economy first, before Americas. In case that wasn't completely obvious.

[@Xenomorph-hb4zf]

American refineries will have to cope harder.

[@thatguy3892]

From that quote, it sounds like they're not even worried about it, and WSJ was just putting words in their mouth.

[@robr177]

Since the US is pumping more of its own oil out of the ground than ever before, I think they will be fine.

[@Sidicas]

Need more Alaskan pipelines. Tons of untapped oil up there that is just sitting there because nobody has a solution to get it all to the refineries.

[@think2146]

@@thatguy3892 They are not.

[@nicknevco215]

Wallstreet will industry does not set price HOARDERS do

[@AlexS-z3d]

I’m sorry you lost me when you said ALBERTA is in the middle of the country. We are directly north of Montana, in the west, one province away from the coast.

[@headintheclouds6935]

Right at the start they highlighted it as west lol

[@raypitts4880]

@@headintheclouds6935 cant remember what they said sounds like proof person not on duty

[@rodneychan914]

Context matters lol, in the middle of the country as in *away from the coast* and landlocked, unable to export oil by ocean. That's the whole point of the trans mountain pipeline and the video

[@edcugata]

Right, but the only province that is between Alberta and the Pacific is ruled by a group of woke neo-communists.

[@rickpederson1219]

I would love to see an continued video of where we are today with Canada USA trade tariffs being forced onto Canada !!!

[@andrewlacey8747]

Oil is far from done. Oil is only going to grow as more markets open up in the third world. As Countries industrialize there will be a greater demand. Canada could be in a prime position to capitalize if they could get past the environmental lobbyist.

[@blugaledoh2669]

What are some other use for oil?

[@nicktubby9710]

Plastic is made from oil. So lots and lots of things. Coal is also used in the process of making Steel. So the building blocks of all of our small stuff (plastic) and all of our big stuff (Steel) are made from/with Oil and Coal. Oil and Coal are here to stay for a long, long time. ​@@blugaledoh2669

[@breezyashell]

Oil producers expect their production to be half of what it currently is by 2050, what are you talking about?

[@pin65371]

@@blugaledoh2669 roads and other materials that are carbon heavy. Light oil is basically 50% gasoline so if lets say we did move more towards EVs that would mean there would be a lot of waste product. Heavy oil would move more towards jet fuel, shipping oil, greases and asphalts. If you think of a refinery like a distillery then as you heat up the feedstock the lighter materials boil off first and then as you continue to heat it the heavier product start boiling off till at the bottom you are left with asphaltenes. One thing that is being worked on right now is taking those asphaltenes and turning them into carbon fiber. They expect they could get the cost of carbon fiber cut in half using that process while lowering emissions to create the carbon fiber by 90%. Its not just some theoretical idea either. They have already done it on a smaller scale. Now they are working on the engineering challenges of scaling that up.

[@t.s.d.1376]

​@@breezyashellbased on the projection that price of alternatives keep going down AND by that time frame renewables would become cost competitive. Sure buddy. All the derivatives built from oil , The entirety of Chemical Industry and everything down stream of that ? Insufferable and M0r0nic activism has taken over the intellectual class, who are minted out of educational institutions that abhor these industries and align with a specific ideological base that they've even turned scientific conclusions into political talkin points. Climate change colors their worldview. While climate change is real so is human necessities. These people are about to get a healthy dose of reality. Oil Might go away, but Hydrocarbons are here to stay.

[@carlharper557]

Why don't the United States invest and refining refining?Our own oil that cannot be used any other way

[@badugiboybimmer9232]

We need to double effort to build pipelines across the country to ensure we have markets to export our oils too. We need to build refineries as well and push forward to diversify trade.

[@KevinBedard-y9j]

This is where Canadians and environmentalists need to be more concerned about our economy, sovereignty and independence from US influence and these pipelines will ensure all three, also the argument by some that the world is shifting away from oil is a fallacy, it is required in the production of almost every product in one way or another. It will always be in demand.

[@Chr1s-fm6bi]

Canada is lagging by decades on a national energy strategy, meanwhile importing oil from countries that have zero concern for the environment.

[@marcouellet3224]

Why do you think?

[@MRMONKEY433]

We use to have one but Alberta got pissy about it and was eventually killed

[@mrzoinky5999]

Why a large pipeline to Quebec doesn't exist is amazing; they would rather buy from Saudi Arabia.

[@francoistombe]

Canada consumes about the same amount it produces. It exports about half of its western production and imports an equal amount to the east through a terminal in Portland, Maine. It goes to refineries in Montreal via a pipeline from Portland. It has been proposed that western oil be sent to the east but this has been vetoed by Quebec. Quebec claims for environmental reasons but really it is to prevent dependence on the west or ROC. RoC = rest of Canada.

[@francoistombe]

@@MRMONKEY433 Alberta got pissy. Something to do with being forced to provide oil to the east at half price, and having resources confiscated by a government corporation based in the east. Alberta came close to voting itself out of Canada.

[@gordonepema722]

The concern about US refiners losing access to Canadian heavy oil can be traced to one cause - the repeated cancellation of the Keystone extension pipeline - by Obama, then again by Biden. Regulatory and political interference is responsible for the huge cost overrun with TransMountain, and the cancellation of KXL.

[@steviek6]

learn about keystone first before you spew dirty lies

[@gordonepema722]

@@steviek6 Pretty sure what I wrote was true. What've you got?

[@steviek6]

@@gordonepema722the interference was warranted as the pipeline is carrying dirty tar sand oil which is 3x more carbon output into an already abundant level creating global warming. The cost of heating up the oceans for instance just led to a multi billion dollar catastrophic hurricane. If we keep using fossil fuels instead of weaning off fossil fuels we are guaranteeing a hotter world. Not my opinion but fact and current events..

[@stevegoad4133]

@@gordonepema722 How many times do I have to write on this comment section that Trump had 4 years in office to get it approved and he did not, even with his first 2 years with House and Senate majorities?

[@gordonepema722]

@@stevegoad4133 I must have missed them. What was it that Obama/Biden cancelled?

[@ivanvalverde7018]

The coal reference at the end was great 💥

[@vampfashions]

We conveniently have the second largest oil reserves in the world, and even more BTUs in coal.

[@ivanvalverde7018]

@@vampfashionsyep, non renewables are the ol’reliable

[@squee222]

TMX is still used to sell to the US - just to the coastal heavy oil refineries in California. We load up ships and they go to california. The Chinese market has no shortage of oil now that they are getting the cheap stuff from russia. It's also worth mentioning it's not oil. It's diluted bitumen, a "heavy oil" product, and only a few refineries in the world can process the stuff. If the goal was to find global markets, the project is already a flop. If the goal was to sell to california instead of Texas, and increase capacity, it has worked out.

[@johnmay23]

We also importr distillate which is aded to the crude so that it can be shipped via pipelin/s jm

[@saltymonke3682]

Not really, South Korean refinery is the goal

[@mrbaab5932]

And Iran

[@4Lights.5Liights]

Hey, I enjoyed this news video. Real content.

[@BrianZinchuk]

There are some things it clearly gets wrong, even in the first 10 seconds. It says 98 per cent of our crude oil is shipped to the U.S. That is patently false. Until the opening of the pipeline, that number was correct with respect to the fraction of our exports that went to the U.S. But the WSJ implies that we only use two per cent of our crude production domestically. That's patently false. The Regina refinery, alone, uses around 120,000 bpd, more than two per cent of Canadian daily production. I've been writing about Canadian oil production for the last 16 years.

[@pepegaranger9884]

Well the WSJ is just the horses mouth. We should not expect to hear the truth

[@TJM-q7c]

They scrubbed the internet. Gunter Schw,,,ab (no relation to Klaus) a brown shirt was promoting eugenics but got push back. He then promoted climate hysteria. You may want to look up Article 48 Germany.

[@think2146]

Why say such stupid stuff with NO proof of anything you say to point to?

[@karenneill9109]

What’s your take on exporting crude, rather than refining it here in Canada and exporting the products?

[@BrianZinchuk]

@@think2146 sorry, I've spent 16 years writing about the topic. If you'd like me to quote my entire body of work over that time, you're going to need a lot of time to read it. Like 16 years.

[@skylerdylan1005]

I worked on keystone XL for a while. Such a shame.

[@TristenPKlein]

@@skylerdylan1005 yup and think about all the jobs that were destroyed for pure radical ideological reasons.

[@RisenThe]

@@TristenPKlein 35 permanent jobs? What a waste of money. The atmosphere is more important than a few jobs but I don't expect a CONSERVative to conserve the environment at all.

[@TJM-q7c]

The climate fools can not explain the billions of dollars going to profit related companies. The $$$ is being spent on a wicked ideology. Want to change the climate problem,,, walk, nope, you will breath too much carbon. Taxing the air is a cash grab!

[@phiksit]

Most if not all of the "oil" / sludge flowing through Keystone XL will be shipped to foreign markets and I'm willing to bet China exclusively. Very little benefit for the US compared to the risk when there are leaks and very few permanent jobs. That sludgey gunk also generates A LOT more pollution and uses a lot more water and energy to refine than standard crude oil not to mention the ecological disaster from the tailing ponds which are basically lakes of toxic waste that can be seen from space.

[@TristenPKlein]

@@RisenThe Do the research the entire radical ges movement is 100% political to purposely destroy Individualism and force collectivism onto the people! Has zero to do with the Environment period! It’s also 1000 times more damaging to the environment, unreliable unrecyclable all man-made, and puts food and national security at risk

[@dougmarshall4010]

One client, US. They can determine the price. Shipping to other markets will force the price for crude up.

[@dafudd7779]

Its amazing how everyone is opposed to these pipelines, but they have no problem taking the economic benifits that come from them.

[@trevor3013]

Who's they? Normal people don't benefit financially. At most they get a new job. We will never stop climate change.

[@AndreCleroux]

🇨🇦 you don’t increase prices for 🇺🇸 oil you become the 51st of American .

[@williamlloyd3769]

Canada is also investing in building out a natural gas export pipeline to BC. LNG plant is also under construction and should ship its first cargo in 2025.

[@vlarion2023]

Should consider exporting to Japan, South Korea, and Taiwan, since ships passing by the Middle East is likely to be attacked by Iranian proxies and also the risk of China locking down the South China Sea and the Taiwan Straits, which would almost 100% affect the first three countries. Personally I don't feel like India is a good choice because the South China Sea issue, which is just a huge risk kind of like the Hormuz Strait.

[@forme1981]

You forget the many US military bases in the region, or you don't watch the current news that Japanese Navy ships just go through the Taiwan strait, but crying wolf

[@Matt-YT]

Half goes to California

[@vampfashions]

If Iran begins to attack oil shipments, Iran will cease to have the capability.

[@vampfashions]

India would like 25 million barrels per day from Alberta. India also can stop Iran or others from disrupting their oil supply.

[@johnmay23]

THEY ARE ALL BUYING FROM RUSSIA..AND IRAN .!!! INDIA PARTICUILARLY

[@TheGhost204]

Oil isn’t going anywhere for decades.

[@Von..]

its the petrodollar not really the oil. They cant make a profit out of it because other countries can get it cheaper in middle east and India. Especially they are not using USD as payment.

Built it just in time , almost like we knew what was coming 😊

[@michaeljones1008]

There will be enough oil demand to fill up the pipelines. Saying otherwise is just plain ignorant. Maybe in 50 years, but for the time being oil is here to stay.

[@breezyashell]

It's not, oil producers themselves expect that oil imports will be half of what they currently are in 2050

[@maxa3221]

and longer, it is very useful. particularly if it were more 'fringe energy'. It's the new coal in 50yrs,

[@antiprogpragmatist859]

@@breezyashell.. ..oil companies have not said that. Please don’t make up your own facts

[@breezyashell]

@@antiprogpragmatist859 I'm sorry you're underinformed. This was the conclusion of Marc Blaizot (former Director of Exploration at Total), Alain Lehner (former Director of Total's Field Development Division) and Olivier Rech (former Editor of the "oil" section of the World Energy Outlook of the International Energy Agency).

[@breezyashell]

@@antiprogpragmatist859 I'm sorry you're misinformed. This conclusion is from a report by Marc Blaizot (former Director of Exploration at Total), Alain Lehner (former Director of Total's Field Development Division) and Olivier Rech (former Editor of the "oil" section of the World Energy Outlook of the International Energy Agency), on request of the French Ministry of Defense.

[@michaelurban2815]

Trump is the perfect reason why Canada has to expand its pipelines. Canada cannot depend on the U.S. to be a fair trading partner.

[@brentdallyn8459]

We live in a carbon based world, everything including the EV industry would die without it. Canada maybe the 4th largest producer, but has more untapped oil than Venezuela and Saudi Arabia combined.

[@tristanm8250]

Except the costs (economic and environmental) of extracting and transporting all that untapped oil make it basically useless.

[@yubetou52]

@@tristanm8250 If Canada ever actually needed the $$$ badly regulations wouldnt last long in alberta. Trust me

[@Don-du7du]

@@tristanm8250 you forgot to add that the final buyer has to pay massively in further refining costs to actually get the bitumen to resemble typical crude making it even more useless

[@bipl8989]

West Canada does not have enough water to massively produce tar sand oil. You can produce some, but only at high cost. Also has heavy metals. Its the last item on the shopping list.

[@brentdallyn8459]

@@tristanm8250you don't have a real understanding of it all,so why comment

[@codicox515]

EXCELLENT VIDEO!!! GREAT JOB!!!

[@DistrictHero13]

The demand for oil won’t go away, it might move elsewhere, but we will always need oil.

[@rickzane6433]

We will always need horses to pull our wagons. Always.

[@steveniksid5874]

Make Canadians RICH Again!!!

[@colindo5591]

True. It is possible that Canada could become the first developed nation to transition from a first-world country to a second-world status in terms of GDP per capita… if there is any change in leadership soon. Vote right in the next elections

[@fluxcapacitor1621]

Make Climate Change Great Again. Screw the planet.

[@vampfashions]

Screw Canada; Make Alberta Great Again.

[@rr4298]

Squeezed from record profits to slightly lower record profits , they are taking it day by day .

[@ericjames9475]

I support anything that is good for Canada and Canadians.Eric 78 years old in England.

[@altrag]

It's not _great_ for Canada. It ties our economy even tighter to a dying industry than we already are. It's dying slow enough that we'll probably see a return on investment at some point in the next half century or so, but that $25bn would have almost certainly been better spent on developing new industries with a more promising long-term outlook. Then again, there's always the bonus that Canada is likely to be one of the main benefactors of cooking our planet given our high northern latitude. I'm not convinced that's really a W though.

[@melissagreye8445]

@@altrag The oil industry is not dying, there is no mass switch over to electric cars world wide.

[@altrag]

@ > there is no mass switch over to electric cars _IN THE US._ FTFY. The rest of the world is switching to electric at a pretty rapid pace, especially in China (you know, the second largest polluter after the US). Plus you're overlooking everything else that's switching over - particularly power generation (again led by China, but Europe has started moving at a pretty good pace as well in the wake of the Russian gas cut-off). Basically everywhere that hasn't made fossil fuels part of their cultural identity is moving away from them, and many are doing so as quickly as they realistically can. "As quick as they can" is still a many-year project to be sure, and the US alone is damned big with a lot of influence over the rest of the world, but they're still not as big as "everybody else put together". The US is actively choosing to fall behind and they will absolutely be successful in that endeavor if they insist on following their current path - something they almost certainly will be doing for at least the next 4 years. The only question is how much time it will take them walking backwards while everyone is racing ahead before the US is no longer in the game at all.

[@Vallacy]

Got to work on the site it comes through the mountain! It is a massive project! Got to work directly with the main pipes coming through it was interesting to see and learn from the experience.

[@cameroncurrie7208]

Let's keep going. Oil is not going anywhere yet. We need to compete. And we need revenue.

[@GordKapasky]

"Make or Break Canada’s Economy", Inflated click bait? Canada is wee bit more diverse than oil extraction.

[@pinkyskeleton5410]

No we aren't. Our economy is basically Tim Hortons and the world's biggest housing bubble.

[@brianschryver8314]

Our economy is more diverse, but the money brought in from oil dwarfs everything else. If we were willing to be more friendly to our own industry, that number could inflate exponentially.

[@dabluntz19]

25 billion is a lot of money but it’s quite literally a drop in a bucket of the economy. They even stated that oil makes up just 5% of our economy.

[@guardianoffire8814]

The Canadian economy is encountering difficulties and seems to be at a standstill. Most skilled and educated immigrants have moved to the United States from Canada, resulting in a glut of unskilled migrants dependent on welfare from federal, provincial, and municipal governments to meet their needs. While there was a rise in consumer spending due population increase it was funded by the Central Bank printing more money, which has contributed high inflationary problems.

[@Veshon]

Really? Because currently the goal is to push down real estate which is also a large majority of Canada's gdp.. They need alternatives

[@TurdFerguson101]

They should have a laugh track with this bit of comedy gold. 🤣🤣🤣🤣

[@deep.space.12]

1:32 Right it's totally a lack of export partners and not because of the lower quality of the oil.

[@TedTrinity]

Canada needs new state of the art oil refineries with coast to coast pipeline. Oil is going nowhere for decades. Price of hydro and supply does not support electric vehicles. This should have been done decades ago when we had oil refineries

[@stevesmodelbuilds5473]

We're still way behind where we should be, especially with gas. The Trudeau Liberals have dithered and delayed expanding our energy infrastructure, and rejected both Energy East and a gas export terminal in the Maritimes, along with not fighting for Keystone XL while blocking tanker traffic on the West coast. The pipeline should have been completed long ago at much lower cost, along with Coastal Gaslink.

[@tedsmart5539]

Dil-Bit (diluted bitumen) is NOT crude oil. WSJ needs to get that fact correct.

[@_R.L]

Yup 100%

[@Don-du7du]

Extracting crude from bitumen is like refining pavement to get the oil out

[@vampfashions]

@@Don-du7du There are about 7000 related products taken out of that bitumen.

[@tommacdonald3142]

Pump the oil and let Canada prosper

[@redstar1408]

Canada finally getting WTI price for its oil instead of WCS (which is discounted by 20% of WTI). Its the SAME oil. This is why American presidents kept cancelling Keystone, they didn't want Canadian oil getting to "tide water" and bypassing their refineries, so we built our own pipeline instead. Good for Canada.

[@dougpatterson7494]

Yes! Obama, who claimed to Veto KXL for environmental reasons, approved hundreds of other oil pipelines. Not exactly an environmentalist…

[@marioinacio9274]

So as a tax payer my taxes went to build the pipeline. As a tax payer i should reap the benifits aswell.. Well wheres my $$$...

[@kevindeminchuk1152]

Until there is a replacement for plastic, oil will be in demand. Plain and simple. Only 1/3 of oil is used for transportation.

[@terrymckenzie8786]

Plastic is only 6% of oil.And with strong recycling we can lower it by half.

[@dieseldave2383]

Sorry neighbor time to pay for your oil !

[@yacir]

Careful, Murica blow things to smithereens when money dont go their way! Nord stream, wink, wink!

[@dieseldave2383]

@@yacirlots of bears 🐻 located around the pipes be careful 😉

[@bigboss6259]

canada may become the next iraq lol

[@steveobrien3594]

and maybe Canada will have to pay for its defence

[@porothashawarma2339]

Time for y’all to pull up your socks and show the neighbourhood bully that you’re not a kid anymore.

[@CRaiNKer]

25 billion? I worked there and absolutely over that price tag.

[@CameraManBlaise]

Biden cancelling the keystone pipeline day 1 in office certainly didn't play a role......naaa.

[@santoshNarayana]

1. The Canadian government started the trans mountain pipeline in 2018 when trump was in office and, 2. The keystone pipeline was a project by a private company

[@krakken-]

The Keystone XL pipeline would have reduced the amount of oil sold from Canada to the US. The oil that would have gone through that pipeline would have gone to countries outside of the US. Which would have been good for Canada, but it would have reduced cheap oil from the US market and sent it overseas.

[@sreilly910]

@@krakken- it would have been refined in American refineries with greater throughput

[@Matt-YT]

​@@krakken-look at a map!

[@raybod1775]

Keystone pipeline overrides property owner and states rights.

[@Canadian.InfoWarrior]

The world is NOT moving away from oil. The world is moving away from windmills.

[@FreyaFreya3]

Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.

[@anilhettiarachci8467]

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

[@TaoSamrong]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

[@FreyaFreya3]

​@@TaoSamrongSarah Jennine Davis is her name.

[@Narongphoemkhunthod]

​@@FreyaFreya3How do I access her ? I really need this

[@FreyaFreya3]

+156

[@robhughes305]

We should be warp speeding 10-20 million barrels per day of pipeline capacity into production. Everything said in the video about falling demand/ energy transition (lol) is alleviated by us becoming by far the world's leading producer and being an OPEC of one (or two, with the US). The geology of the oilsands allows to plan for predictable, stable production decades in advance, so we could tell Japan, India, Korea whoever, we can give you ALL of your oil until oil is no longer used, and we don't dismember journalists or fly planes into buildings.

[@rebym]

Anything Canada can do to reduce reliance on the US is a good thing. This is not nearly enough however.

[@MarcIverson]

A decreasing market for oil? How dumb.

[@alexdieudonne1924]

Good doco.

[@chrisrutledge9330]

With a Trump presidency threatening a 25% tariff on all Canadian exports, cutting off all oil, gas and electrical exports to the US would be an option. Trump has suddenly made this pipeline a wise precautionary investment. As for Trump's tariff threats in general? Industrial nations will build alliances that circumvent the US where possible. Making America great...and isolated.

[@bobseabert7230]

Out of all the things the goverment does with my tax money, I'm happy to fork over a touch of cash to get this project done. I'm glad it happened, and I'm glad the government stepped in.

[@phiksit]

Who's going to clean up the mess... the tailing ponds? and deal with the ground water being poisoned by that garbage?

[@johnmay23]

will you be happy if the TMPL is sold at a loss..which seems possible !!!!!

[@agodelianshock9422]

We need to be getting into the refinery game. Raw resources are cheap and margins are tight. Refined goods will have huge opportunities with our cheap and plentiful oil as a base. We just need to create an environment where it isn't stifled by permitting, red tape, regulation, and distribution issues.

[@vampfashions]

We have sufficient capacity to refine more than we produce. The economics of shipping is what makes transporting raw product the current system.

[@nicolasbenson009]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

[@JacobsErick-u8r]

The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

[@tatianastarcic]

People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $315k to around $740k.

[@sharonwinson-m8g]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@tatianastarcic]

'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.

[@Vincent-j8u]

Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume on google, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.

[@chcgo2undaground]

BP, which bought Amoco/Standard of Indiana, acquired a large refinery located in Whiting, Indiana...in the 2000s/2010s, BP brought 15,000 construction workers onto the site to renovate the refinery, the main purpose was to accept and process Canadian crude oil instead of West Texas, which formerly the principal feedstock..................

[@kennethyoung2077]

Why we we not process the oil ourselves rather then shipping our jobs to other countries. It doesn’t make sense to me.

[@BobKopp-z3j]

Demand for oil will remain constant or increase for at least another 25 years. This pipeline opens access to Asia for Canada. Canada will continue to supply crude to the US by rail car at least.

[@KrisH-bt5cm]

Oil is not stalling. The EV market is stalling, oh wait cratering. A survey by McKinsey & Company found that over 46%of EV owners in the US are likey going back to ICE vehicles. This is mainly due to range anxiety. Anyways oil isn't going anywhere, and the USA should hope Canada builds more pipelines, especially new ones to them. A reliable source of oil from a friendly country.

[@scavuman]

This past summer 2024 the State of California asked EV owners to refrain from charging their vehicles due to the annual never ending brown out periods.

[@bipl8989]

When USA wants more Canadian oil, sit back. The pipelines will appear out of nowhere.

[@RisenThe]

Be honest? EV vehicles can be charged from any energy source. ICE engines can only use gas which is a finite resource.

[@RisenThe]

​@@scavuman Your comment just shows that you don't know how the grid actually operates.

[@robrider838]

How come China now sells more EVs each month than ICEs? Massive growth in EVs still happening there. US and Europe growth is also still happening with EVs, but not as fast as in China. What you might have been confused by is reading that EV growth rate is slowing, but growth is actually still happening - just not as fast as in previous years. Easy to make this mistake though as the media is funded by big oil and ICE car manufacturers, so it's tough to find the real facts.

[@StuartLynne]

Greenlight (and finance) the finish of KXL and you will see more Alberta oil flowing South to Texas.

[@ironymatt]

Biden did lots of stupid over the last 3+ years, but nixing KXL on day 1 is well within the top 10

[@georgesingh5714]

@@StuartLynne looks like we have to get rid of Trudeau in the next election first...he is a huge obstacle in the development of Canada.

[@mikeb5664]

@@georgesingh5714 Real output from oil and gas extraction has grown faster under Trudeau than Harper, and Trudeau and Canadian tax payers bought a pipeline to move the oil. And it was Alberta that introduced the first carbon tax in North America, which forced the federal government to act on a carbon tax. And those who tell you they'll 'axe the tax', play you like an idiot when they don't explain what a carbon tariff is, and what that will do to our economy. But sure, Trudeau bad.

[@marcouellet3224]

Ah yeah.. selling our oil under market price and fee the u.s economy for cheap. Ding ding champ 🎉

[@MRMONKEY433]

@@georgesingh5714 how would that affect a US pipeline?

[@mike9347]

14.9 Billion USD? What's really scary is that Zuckerberg could pay that off and still have enough left over for a Big Mac.

[@fiverjp]

Why we don’t already have lines going coast to coast is criminal .

[@trevor3013]

I mean Canada has one road connecting east to west right? Is it that surprising?

[@jwboll]

In 2018, the Canadian government stepped in to finish the pipeline... *After the government killed it through excessive bureaucracy.*. The reason the costs increased was because of the 15 years of delays (inflation), trying to complete construction during COVID, and the ridiculous labour laws that make getting any work done the 47th priority on the job site in Canada. (Transgender bathrooms onsite being the most important priority)

[@JakeLewis-gl9sw]

Gasoline costs 40cents/L more in BC compered to Ontario. Wierd, since BC is right next to Canada's largest oil fields in Alberta.

[@MoonlightingJames]

That, my friend, is the extra tax added by the province and municipalities. Meanwhile, back in sunny Alberta.....

[@jesset55]

Why doesn't Canada refine the oil themselves?

[@mikec8679]

Oil makes many different products. All refineries are not equal. Many are designed and set up to run on a specific blend of oil. Refiners focus on producing what they need. Oil is shelf stable. Once a product is refined it has a shelf life. It's easier to have oil on hand and produce what is needed in the region at the time.

[@Dontworry1]

Because the Canadian government has been run by idiots for several decades and instead of maintaining or building new refineries they shut them down and relied on US refineries to do all the work. Then the US resells the refined oil at a markup and Canadians get screwed over

[@AprezaRenaldy]

From 2009 to 2022, China spent US$28 billion on EV subsidies and tax breaks.. Meanwhile, Canada spent 25 billion just for oil transportation .😂

[@guelphguy2779]

There are refineries in Canada but like many other countries some have been closed and it's difficult to build new ones.

[@stephenphillips6245]

Our heavy oil is too costly to refine.

[@johnandersonjjr]

You lost me at “the world is moving away from oil”.

[@kend6956]

canadian grain terminal should not be owned bu saudi arabia!!!

[@larrygates3737]

I haven’t heard anyone mention that the diluted bitumen from the oil sands is sold to US at a substantially reduced rate.

[@ratingstower556]

Build that pipeline!

[@colingoldthorpe5918]

It’s built already and loading ships 🤷‍♂️🤷‍♂️

[@francisbacon2401]

This is BS. Oil is core to wealth in the west.

[@trevor3013]

That's not even remotely true. Western countries have diversified economies. The US makes 300 billion from oil a year, it's GDP is nearly 30 trillion. This isn't Saudi Arabia... Not western btw.

[@francisbacon2401]

@@trevor3013 Ahhh a civil servant.

[@trevor3013]

@@francisbacon2401 more like a fact checker

[@Jcg123igotstopee]

98% to the states no wonder why my gas is so expensive fml

[@H3LLS3NT4SS4SS1N]

4:59 HOLY COW, THATS WHERE I GREW UP AND CLOSE TO WHERE I STILL LIVE!!! The street shown is Anaheim in southwestern LA county, on the boundary of Wilmington, San Pedro, Torrance/Lomita and Palos Verdes. SO nostalgic to see somewhere soooo intimately familiar to me while watching a WSJ vid on the economics of an oil pipeline in the Canadian arctic! So unexpected! Thanks WSJ!