oil and gas

Export baby export !

In earlier articles, including Majority supports Keystone XL, or do they?, I wrote about oil companies aiming to move Canadian oil to tidewater so that exports can create shortages and drive domestic prices higher.

A Calgary reader left a comment that included this:

Keystone XL is a great project it will help Canada and the United States by integrating our energy Markets. It will transport Alberta and Bakken oil to hungry refineries on the Gulf Coast of Texas.

I doubt that ordinary Canadians agree that integrating energy markets with the USA is a good idea but the reader is correct that Texas Gulf refineries are hungry for direct access to our crude. However, there will be little benefit for North American consumers.  McClatchy Newspapers reports that U.S. gasoline prices are at record levels because of record level exports:

US exports record amount of refined fuels

U.S. refineries exported a record amount of refined fuels in 2011 to markets in South America, Central America and Europe. It was one reason why Americans spent a record amount on gasoline this year: Supplies that might have helped lower prices here had been shipped abroad…

No wonder that our crazy world of crony capitalism aims to privatize every public resource. Imagine if industry were able to create shortages in Canada by massive exports of fresh water or, as blogger RossK points out, electricity. Then, Canadians could be told that water and electricity are precious resources and their price must reflect the scarce supply. For our own good, of course.

Categories: oil and gas

3 replies »

  1. A small group of connected people is trying to change the old expression “Canada is rich in natural resources.” to “Natural resources make a few Canadians rich.”


  2. The rabid oil and gas greed push is on. They must sell as much as possible, before the planet starts to die.

    The acidification levels in the oceans, keeps rising. The acid damages the internal organs of fish larvae. The acid eats the shells off crustaceans. The coral is dying, and very little new coral growth. Our oceans are dying, from an overdose of Carbon Monoxide.

    Hey!! But what the hell, the oil and gas company's really want the money. Governments really want their money, for power and glory. Just ask Harper the great dictator.

    I doubt there will be enough time, for humans to evolve enough to drink oil and gas, or sea life to evolve enough, to live in poisoned seas.

    Lake Athabasca by the dirty tar sands, has deformed fish in it. No-one seems to want to eat the fish, nor the poisoned Caribou. The mighty Athabasca River has, oil, mercury, heavy metals and cancer causing agents in it.

    I think all the idiots who are pushing the dirty tar, should be force fed, all the poisoned animals, fish and drink the water down stream, or out of the Athabasca River.


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