SEARCH BLOG: OIL and POLITICS
Canada is just across the river. The Canadians have always been good, friendly neighbors and the border is more of a formality than a real boundary for the people who live on either side.
That may change soon [HT Instapundit.com (v.2)]:
Yes, Obama may actually bring us the change he keeps talking about. You'll be sorry....
Here's what Rick George, chief executive of Suncor Energy Inc., Canada's largest single oil sands producer, said this week, reflecting rising frustration with the wave of American anti-oil sands policies:
"We are down to very limited amounts of spare capacity," he said. "Mexico is in very steep decline. The North Sea is in decline. Venezuela is likely to slip from here. There are problems in Nigeria, Russia. The world will absorb this oil one way or the other. If the U. S. doesn't take it, then we will develop other markets."
Canada's oil is now exported almost exclusively to the United States because it's dependent on the reach of pipelines. Of the 2.7 million barrels produced daily, 1.6 million is sold to Americans and 15,000 to 25,000 goes to non-U. S. markets, through a Kinder Morgan Energy Partners oil pipeline from Alberta to the West Coast.
That picture could soon change.