Sunday, November 5, 2017

BIGGER PROBLEM FACING CANADA'S OIL INDUSTRY

Alberta’s oil production continues to grow.
Yet, there won’t be enough pipeline capacity to transport it all unless projects like Keystone XL, Enbridge’s Line 3 and Trans Mountain are built within the coming years.
In a report last week, the National Energy Board said oilsands production is projected to increase 77 per cent to 4.5 million per day by 2040.
There are already signs the current transportation system is close to being full, which means new pipelines are needed — or more crude will be shipped by train.
And that’s the problem.

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