Oil price discount recently reached nearly 60 per cent.
crude oil pipeline
Court rejects Trans Mountain project approval—more crude-by-rail means lost revenue for oil producers, economy
Pipelines are 2.5 times safer than rail transport.
Canadian heavy oil producers will lose an estimated $15.8 billion this year in foregone revenues.
Price controls led to long lineups and dry tanks at gas stations.
Due to pipeline constraints, Canadian oil producers are selling unrefined bitumen at a fraction of the price many competitors receive.
Ottawa has injected a large number of subjective criteria into project analysis.
The Trans Mountain pipeline expansion is a gift both to British Columbia and Alberta.
Alberta’s new carbon tax, and higher corporate and personal income taxes, all contribute to a poor investment climate.
The $16 billion Energy East and Eastern Mainline pipeline proposal was regulated to death.