bit who, him?
In two separate videos I watched in the last two or three weeks, the most recent one today, I heard about a company out in Alberta that has developed a system of collecting raw mined bitumen, wrapping it in essentially a plastic bag, piling the bags in a shipping container, and then by rail bringing them to a port off of BC's coast, to then be shipped to points in Asia where this bitumen is ideal for both road repair, road repave and new road construction.
As I understand it, the company needs help to get those Asian customers and to expand their facility to get their production up to a meaningful way, so the new Major Projects Office ought to get involved.
The video I watched today, the analyst mentioned that the MPO and the Albertan provincial government are both only considering a diluted bitumen pipeline to the west coast and will not provide the assistance this company needs.
I find this infuriating. If I had 100M$ I would approach the company and try to help them in any way I could.
The other thing the analyst mentioned was about this diluted bitumen pipeline to the Pacific northwest that is in the dreams of the Alberta premier Smith and CPC leader Poilievre. The analyst said that both China and India are heavily electrifying and so the need for the diluted bitumen may not even exist by the time a pipeline gets built and the diluted bitumen would start to flow. So it does not make economic sense to build that out. I have known this before this analyst mentioned it, and is the biggest reason why I am against the building of such a pipeline.
However, I did learn something new from this video - that after the felon Cheetoh Buffoon took away the Venezualan leader and took over the oil tankers that had been shipping the heavy crude to China, and now the heavy crude can begin to go to the Gulf of Mexico US ports for refining. Those refineries get the bulk of their oil through pipelines from Alberta, so if the Venezuala crude displaces the Canadian crude, this could be very bad news for Alberta, and for Canada. We do have the TMX pipeline that can be expanded to add an additional 200-400k barrels per day, but this closing of the tap in Louisiana and nearby states puts added pressure on building a new pipeline to the Pacific northwest that I mentioned earlier in the post I disagree with building. Even with this new information I think that pipeline ought not to be built.
And finally, there is a national electricity plan that will come out soon; I really hope it means a beefed up intertie between Quebec and Ontario so that we can export hydro power there and they can export nuclear power here when each of us have needs.
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