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Author	Topic: Nexen is close rto move crude oil to West Coast by train	Post a Reply Back to Topics

Nicoalbum Champion Author Ottawa Posts:6,032 Points:1,191,850 Joined:Jan 2010	Message Posted: Jan 29, 2013 9:26:58 PM Ignore Nicoalbum Report Abuse 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

Nicoalbum

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

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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

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NedW Champion Author Indianapolis Posts:5,630 Points:1,145,170 Joined:Mar 2008	Message Posted: Jan 30, 2013 11:55:03 PM Ignore NedW Report Abuse Thank you for submitting this article, Nicoalbum.
nsdp Champion Author San Antonio Posts:1,117 Points:47,340 Joined:Jun 2012	Message Posted: Jan 30, 2013 11:40:22 PM Ignore nsdp Report Abuse 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 Posts:6,145 Points:1,369,580 Joined:Oct 2008	Message Posted: Jan 30, 2013 9:05:13 AM Ignore jwalkerh Report Abuse Good for the people who will be employed...
George0446 All-Star Author Massachusetts Posts:508 Points:233,010 Joined:Apr 2012	Message Posted: Jan 30, 2013 6:04:34 AM Ignore George0446 Report Abuse Are we really interested in energy independence? Let's sell it to China! Maybe we could even subsidize the sale.
hokieburgh Champion Author Virginia Posts:1,127 Points:467,325 Joined:Feb 2007	Message Posted: Jan 30, 2013 5:11:44 AM Ignore hokieburgh Report Abuse nice for the rail industry
jrs4125 Champion Author Indiana Posts:2,773 Points:594,670 Joined:Sep 2011	Message Posted: Jan 30, 2013 3:40:15 AM Ignore jrs4125 Report Abuse Everything is for sale here in North America and China is buying.
CdnLynx Champion Author Ontario Posts:1,024 Points:525,835 Joined:May 2008	Message Posted: Jan 30, 2013 1:54:51 AM Ignore CdnLynx Report Abuse 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 Posts:1,030 Points:217,115 Joined:Sep 2005	Message Posted: Jan 30, 2013 1:33:25 AM Ignore No1ConMan Report Abuse 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 Posts:64,458 Points:181,450 Joined:Nov 2012	Message Posted: Jan 30, 2013 12:25:16 AM Ignore iFueler Report Abuse more oil by rail news
cheapchickKY Champion Author Lexington Posts:4,032 Points:799,215 Joined:Jan 2011	Message Posted: Jan 30, 2013 12:25:14 AM Ignore cheapchickKY Report Abuse Okay.
SammyAdams Champion Author Tallahassee Posts:3,071 Points:795,710 Joined:Nov 2010	Message Posted: Jan 30, 2013 12:25:04 AM Ignore SammyAdams Report Abuse 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 Posts:1,948 Points:422,770 Joined:Feb 2012	Message Posted: Jan 30, 2013 12:24:23 AM Ignore MikeCapeCoral Report Abuse Watch out for China!
Ferdman17 Champion Author Albany Posts:1,303 Points:377,460 Joined:Feb 2012	Message Posted: Jan 30, 2013 12:16:28 AM Ignore Ferdman17 Report Abuse Gee and China is paying for it.
JohnofGB Champion Author Flint Posts:5,436 Points:1,099,120 Joined:Feb 2010	Message Posted: Jan 30, 2013 12:16:12 AM Ignore JohnofGB Report Abuse Probably the most dangerous way to move crude oil. Build a pipeline.
NHLiveFree Champion Author New Hampshire Posts:11,113 Points:1,625,315 Joined:Jun 2008	Message Posted: Jan 30, 2013 12:08:02 AM Ignore NHLiveFree Report Abuse 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 Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Jan 30, 2013 12:03:41 AM Ignore graceman Report Abuse Good luck
mlmeng Champion Author Michigan Posts:1,650 Points:593,835 Joined:Mar 2011	Message Posted: Jan 30, 2013 12:02:23 AM Ignore mlmeng Report Abuse Oil and jobs exported.
andy1024 Champion Author Allentown Posts:1,712 Points:450,200 Joined:Dec 2011	Message Posted: Jan 29, 2013 11:08:36 PM Ignore andy1024 Report Abuse A moving pipeline. Cool.
humblepie Champion Author Toledo Posts:34,326 Points:2,374,295 Joined:Mar 2006	Message Posted: Jan 29, 2013 9:57:20 PM Ignore humblepie Report Abuse many happy chinese
mastermariner Champion Author Texas Posts:4,268 Points:496,650 Joined:Jun 2011	Message Posted: Jan 29, 2013 9:54:23 PM Ignore mastermariner Report Abuse You snooze you loose
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Jan 29, 2013 9:52:02 PM Ignore graceman Report Abuse Need to keep it here.
Nicoalbum Champion Author Ottawa Posts:6,032 Points:1,191,850 Joined:Jan 2010	Message Posted: Jan 29, 2013 9:28:53 PM Ignore Nicoalbum Report Abuse 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 Posts:6,032 Points:1,191,850 Joined:Jan 2010	Message Posted: Jan 29, 2013 9:27:39 PM Ignore Nicoalbum Report Abuse So what, we got decent railroads, too