Hormuz havoc hands Canadian oil a windfall. Will pipelines follow?


Canadian oil is banking surging profits, Alberta royalties are up, and Ottawa is gaining a tax windfall thanks to the spike, but the Trans Mountain Pipeline is already operating at 91 per cent capacity, which means there is no real opportunity to boost Canadian oil exports. Consumers in the eastern part of the country, meanwhile, are facing the pain of higher gas prices. So could this boost in oil prices lead to greater pipeline investment, or will it simply line shareholders’ pockets?



Source link

  • Related Posts

    Toronto jail guard arrested in wake of Project South bust

    State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuamPalauAlberta, CanadaBritish…

    Elon Musk’s Tesla given go-ahead to supply electricity in Great Britain | Tesla

    Elon Musk’s Tesla has won approval to supply electricity to households and businesses across Great Britain, as the tech billionaire expands his energy ambitions. The energy regulator, Ofgem, has formally…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Global Bonds Erase 2026 Gains as War Fuels Inflation Angst

    Toronto jail guard arrested in wake of Project South bust

    Toronto jail guard arrested in wake of Project South bust

    Oil snaps back after ships hit

    Oil snaps back after ships hit

    OpenAI’s Sora video generator is reportedly coming to ChatGPT

    OpenAI’s Sora video generator is reportedly coming to ChatGPT

    Elon Musk’s Tesla given go-ahead to supply electricity in Great Britain | Tesla

    Elon Musk’s Tesla given go-ahead to supply electricity in Great Britain | Tesla

    Silicosis, lung disease once linked to mining, hits workers in countertops industry

    Silicosis, lung disease once linked to mining, hits workers in countertops industry