@maxfawcett They won’t proceed? You’re saying this with absolute certainty? You’ve spoken to CNRL and others? You’re speculating.
There is too much money involved for oil to not continue. 2.8bl/day is a lot.
Willing to bet your annual salary?
@maxfawcett@DaleHopp4 Oh, you’re pointing out someone’s profile to me. Thanks, I appreciate that. Is that what you meant by “randon $hit”? Keep in mind I live in the past.
@maxfawcett LOL - oil companies have slowed production immensely because they have no ability to get to market. Rail is saturated, pipeline to USA pays less than market rate (western select vs WTI, try checking it). If there was a pipeline, there would be jobs. PERIOD. #Alberta
@maxfawcett To add, smaller projects are increasing rapidly right now as oil price rises, but large capital projects won’t happen until change of govt in Ottawa. Oil jobs still impacted until then.
@maxfawcett If you already know then why ask? To prove you are correct on oil pricing, or to try to discredit the stmnt?
Oil companies are not building major proj. for 2 reasons:
1. Ability to get to market at current pricing.
2. Current fed govt is not supportive.
@maxfawcett https://t.co/R74iwVksZ8 - great site, check it out. Statement was about output…
Producers are paying to keep the oil in the ground right now by being quota’d as they have max’d out the distribution network.
@maxfawcett LOL - oil companies have slowed production immensely because they have no ability to get to market. Rail is saturated, pipeline to USA pays less than market rate (western select vs WTI, try checking it). If there was a pipeline, there would be jobs. PERIOD. #Alberta