where are the PC voter not outraged about the wasted of taxe payer money ?
Of course when it fits their wishes, it never is a waste ....
https://www.reuters.com/business/ene...er-2022-06-22/
"The pipeline moves up to
300,000 barrels per day of oil from near Edmonton, Alberta to the Pacific coast in British Columbia, and the expansion would nearly triple capacity."
"The cost of expanding Trans Mountain
has jumped to C$21.4 billion from C$12.6 billion, and its in-service date delayed by nine months to late 2023, Trans Mountain Corp said in February."
all of this for 300k barrels.
When i hear conservative claiming we wouldnt have high oil prices if we had more pipelines .
Or we could solve Russia lack of supply problems.
it would need what , 10 pipelines to reach 3 millions barrels ?
at what 10-20 billions each ?
And we are not even talking about the lack of refineries....another 10 billion each ?
and what would happened if the prices of oil would start falling ? (2015 bankruptcy of shale in US ?)
but the irony of hating trudeau because is against oil and yet his one of their better supporter by spending so much money for them....
ideology blindness....
Anyway, what i get from this is solving oil prices isnt that easy like the blaming narrative on all because of lack of pipelines....
Context: the cost of a pipeline would equal around 2-4 years of net profits from big corporations like suncor, if not more.
Not very enticing if you are not certain of mass profits for years ahead.