I'll repeat it until the cows come home: Canada should be much less interested in exporting our natural resources abroad, and much more interested in using natural resources for Canadian industries. Flour is more valuable than raw wheat, and produced foodstuffs are more valuable than flour. We should be trying to expand our exports through more processed, manufactured, or developed goods and services, less raw commodities.
During the conference with Smith and Ford, Smith finally said the quote part out load. The LNG build out and Data center demand for NG is about condensate, and needing 300k-600k more bbl/d of condensate to align with her vision of oilsands growth.
Now, I don't think we will see the oil Sands reach 10M bbl/d lol. But the dynamics of NG shale fracking and Oilsands will still require NG output remain at the same level as today if oil output stays steady, and IMO ideally we don't have to import 200k bbl/d of condensate for the US to move Canadian oil. Particularly as Bakken production falls into the future.
There are other options, upgraders being the most obvious. And the prospectus for the investment summit had two; a thermal unit for Synthetic crude, and an asphalt plant that would produce heavy oil. But I'd suggest that just replacing those imports is quite a reach for upgrading, and the question is ultimately whether upgraders are less expensive for the value produced than LNG.
And bitumen?
Even shakier.
The Pacific Link, if it is ever built, will be "Carney's Folly".
And we will pay for it..
I'll repeat it until the cows come home: Canada should be much less interested in exporting our natural resources abroad, and much more interested in using natural resources for Canadian industries. Flour is more valuable than raw wheat, and produced foodstuffs are more valuable than flour. We should be trying to expand our exports through more processed, manufactured, or developed goods and services, less raw commodities.
During the conference with Smith and Ford, Smith finally said the quote part out load. The LNG build out and Data center demand for NG is about condensate, and needing 300k-600k more bbl/d of condensate to align with her vision of oilsands growth.
Now, I don't think we will see the oil Sands reach 10M bbl/d lol. But the dynamics of NG shale fracking and Oilsands will still require NG output remain at the same level as today if oil output stays steady, and IMO ideally we don't have to import 200k bbl/d of condensate for the US to move Canadian oil. Particularly as Bakken production falls into the future.
There are other options, upgraders being the most obvious. And the prospectus for the investment summit had two; a thermal unit for Synthetic crude, and an asphalt plant that would produce heavy oil. But I'd suggest that just replacing those imports is quite a reach for upgrading, and the question is ultimately whether upgraders are less expensive for the value produced than LNG.