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Should Alberta look east to ship its oil?
EDMONTON ` For Alberta`s oil industry, here`s the perfect storm.
The Obama administration nixes the proposed Keystone pipeline south to the U.S. Gulf Coast after the 2012 elections and the Gateway pipeline to the West Coast gets bogged down for years in messy hearings.
How then does all the oilsands bitumen get to market?
Look east, say some high-profile public policy experts.
Sending more Alberta crude to eastern refineries, then shipping it across the Atlantic ` where there is already lots of tanker traffic ` could mean better prices for the product. From the East Coast, tankers could carry the oil to booming Asian markets through the Panama Canal.
Read the full article here.
EDMONTON ` For Alberta`s oil industry, here`s the perfect storm.
The Obama administration nixes the proposed Keystone pipeline south to the U.S. Gulf Coast after the 2012 elections and the Gateway pipeline to the West Coast gets bogged down for years in messy hearings.
How then does all the oilsands bitumen get to market?
Look east, say some high-profile public policy experts.
Sending more Alberta crude to eastern refineries, then shipping it across the Atlantic ` where there is already lots of tanker traffic ` could mean better prices for the product. From the East Coast, tankers could carry the oil to booming Asian markets through the Panama Canal.
Read the full article here.