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Author Topic: Nexen is close rto move crude oil to West Coast by train Back to Topics
Nicoalbum
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Ottawa

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Message Posted: Jan 29, 2013 9:26:58 PM

Nexen Inc. has laid the groundwork for a concept to use trains to carry crude to the West Coast for export, as Canada’s energy industry rushes to find new ways to move oil out of North America.

The Calgary company, which has agreed to a takeover by China’s CNOOC Ltd., has spent more than a year on an idea that would see oil move by rail to Prince Rupert, B.C., where an export terminal on federal land could load it onto tankers bound for Asia.

Visit The Globe and Mail for full article
REPLIES (newest first) Post a Reply
NedW
Champion Author Indianapolis

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Message Posted: Jan 30, 2013 11:55:03 PM

Thank you for submitting this article, Nicoalbum.
nsdp
Champion Author San Antonio

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Message Posted: Jan 30, 2013 11:40:22 PM

Keystone will be approved when TransCanada and the Kochs contribute $350 million to Democratic campaign committees. They gave the Republicans $350million last year. Would you do anything for someone who finances your opponent with that much money?
jwalkerh
Champion Author Louisiana

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Message Posted: Jan 30, 2013 9:05:13 AM

Good for the people who will be employed...
George0446
Champion Author Massachusetts

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Message Posted: Jan 30, 2013 6:04:34 AM

Are we really interested in energy independence? Let's sell it to China! Maybe we could even subsidize the sale.
hokieburgh
Champion Author Virginia

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Message Posted: Jan 30, 2013 5:11:44 AM

nice for the rail industry
jrs4125
Champion Author Indiana

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Message Posted: Jan 30, 2013 3:40:15 AM

Everything is for sale here in North America and China is buying.
CdnLynx
Champion Author Ontario

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Message Posted: Jan 30, 2013 1:54:51 AM

NhLiveFree - C'mon, don't ramp up the rhetoric.
Canadian oil is not just Tar Sands oil. Sweet crude, is just not just within the U.S domain, Canada also has a wealth of sweet crude and natural gas obtained from convention wells.
Canada is not just going to just let it sit there, it has to get to refineries and world markets; not just china but America, Europe and beyond!
Rail is not ideal for safety reasons, the pipeline if by far the safest route; Rail for the time being is necessary, it also creates employment!
No1ConMan
Champion Author Memphis

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Message Posted: Jan 30, 2013 1:33:25 AM

I hate to see it leave at all at this time. Make it cost prohibitive to export our resources until we enjoy the same benefits as the Saudis.
iFueler
Champion Author Durham

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Message Posted: Jan 30, 2013 12:25:16 AM

more oil by rail news
cheapchickKY
Champion Author Lexington

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Message Posted: Jan 30, 2013 12:25:14 AM

Okay.
SammyAdams
Champion Author Tallahassee

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Message Posted: Jan 30, 2013 12:25:04 AM

To: mastermariner Re: Message Posted: Jan 29, 2013 9:54:23 PM (Printed below)

"You snooze you loose"

============================================================

You got that right, mastermariner. BO has been stringing them along for a good while and they will not wait forever for approval of the KXL.
MikeCapeCoral
Champion Author Cape Coral

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Message Posted: Jan 30, 2013 12:24:23 AM

Watch out for China!
Ferdman17
Champion Author Albany

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Message Posted: Jan 30, 2013 12:16:28 AM

Gee and China is paying for it.
JohnofGB
Champion Author Flint

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Message Posted: Jan 30, 2013 12:16:12 AM

Probably the most dangerous way to move crude oil. Build a pipeline.
NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 30, 2013 12:08:02 AM


One more desperation plan to get that caustic Alberta tar sands bitumen to China by any and all means possible. Folks are not too happy about these Big Oil plans for risky business along the BC coastline!
graceman
Champion Author Baltimore

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Message Posted: Jan 30, 2013 12:03:41 AM

Good luck
mlmeng
Champion Author Michigan

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Message Posted: Jan 30, 2013 12:02:23 AM

Oil and jobs exported.
andy1024
Champion Author Allentown

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Message Posted: Jan 29, 2013 11:08:36 PM

A moving pipeline. Cool.
humblepie
Champion Author Toledo

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Message Posted: Jan 29, 2013 9:57:20 PM

many happy chinese
mastermariner
Champion Author Texas

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Message Posted: Jan 29, 2013 9:54:23 PM

You snooze you loose
graceman
Champion Author Baltimore

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Message Posted: Jan 29, 2013 9:52:02 PM

Need to keep it here.
Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 29, 2013 9:28:53 PM

More from the article

"The idea comes amid a rain of proposals pursued by industry and, more recently, provincial governments, which are seeking to move oil north, south, east and west. With export pipelines to the United States effectively full, Canadian heavy oil has backed up in Alberta, creating steep pricing discounts and billions in forfeited revenues that are driving an urgent bid for new export options.

Rail has become an increasingly viable option for oil movement, with Scotiabank on Tuesday estimating as much as 300,000 barrels per day of Canadian oil are now moving by train. Also on Tuesday, Canadian Pacific Railway Ltd. pointed to a “significant increase in volume of long-haul crude oil traffic” as a key reason for rising revenues. “Rail is starting to play a bigger role ... so it’s one of the things we’re looking at,” said Pierre Alvarez, Nexen’s vice-president of corporate relations.
Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 29, 2013 9:27:39 PM

So what, we got decent railroads, too
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