I may well have a bad impression, but I thought there was not a lot of desire to build the pipeline.
Shale will be so much cheaper and plentiful, with export ability from the Gulf of Mexico already in existence and more coming on why build an expensive pipeline for oil coming from Canada.
Remember we have a glut of oil. LOL
Maybe after the Capex destruction we've already endured the price of WTI goes back to 100.00 and it is justifiable, but with a 3 years completion lag?
Not sur eit is a wise investment?
Canada has already bought out KMI's Transmountain pipeline. I say let them do a pipeline to the west coast and build a Pacific Coast terminal.
The alyeska pipeline in Valdez is running at 25%. Seems no real need for the frozen tundra development either.
A lot of these huge infrastructure plans go away with a commodity collapse.
I think that is what we're seeing. Once bit twice shy.
The beauty of inexpensive shale. Prices go up, turm it on, prices go down,turn it off.
The US holds the pricing of world oil.
Not a bad place to be in. Surely should curtail long timeframe capital developments - unless the reserves are huge and can be done cheaply over the long run. ie Guyanna, Suriname, Brazil.