| Trans Mountain May Struggle to Scale Heights by Reuters Power Up May 2, 2204 |
| The long-awaited expansion of Canada’s Trans Mountain pipeline may only deliver half the expected boost to crude oil exports because of logistical constraints at the Port of Vancouver. After 12 years and $25 billion, the project to nearly triple the flow of oil from landlocked Alberta to Canada’s Pacific Coast to 890,000 barrels per day (bpd) began commercial operations on Wednesday, finally overcoming regulatory delays and construction setbacks. The extra 590,000 bpd of oil will be delivered to the Westridge Marine Terminal where it can be loaded onto tankers, giving Canadian producers more access to the U.S. West Coast Government-owned Trans Mountain says it has capacity to load 34 Aframax ships a month, but ship brokers and analysts have pegged the likely number at less than 20, citing concerns about pilot and tug boat availability and loading restrictions. “Theoretically they can handle the volumes, but auxiliary or secondary services are not ready for huge volumes,” said Rohit Rathod, senior oil analyst at ship-tracking firm Vortexa. Vessels leaving Westridge dock must pass through a busy narrow shipping channel that runs beneath two major bridges to reach the open sea, and to manage high traffic the port has restrictions including daylight-only transit for Aframax tankers and specific transit times based on tides.  No worries, the oil and gas industry rich will demand the safety requirements are reduced, if not removed all together for tarshippers. Watch the greed-induced crashes and spills …. cleaned up, or tried to be cleaned up, on taxpayer’s dime, never the rich profit rapistsThe long-awaited expansion of Canada’s Trans Mountain pipeline may only deliver half the expected boost to crude oil exports because of logistical constraints at the Port of Vancouver. After 12 years and $25 billion, the project to nearly triple the flow of oil from landlocked Alberta to Canada’s Pacific Coast to 890,000 barrels per day (bpd) began commercial operations on Wednesday, finally overcoming regulatory delays and construction setbacks. The extra 590,000 bpd of oil will be delivered to the Westridge Marine Terminal where it can be loaded onto tankers, giving Canadian producers more access to the U.S. West Coast Government-owned Trans Mountain says it has capacity to load 34 Aframax ships a month, but ship brokers and analysts have pegged the likely number at less than 20, citing concerns about pilot and tug boat availability and loading restrictions. “Theoretically they can handle the volumes, but auxiliary or secondary services are not ready for huge volumes,” said Rohit Rathod, senior oil analyst at ship-tracking firm Vortexa. Vessels leaving Westridge dock must pass through a busy narrow shipping channel that runs beneath two major bridges to reach the open sea, and to manage high traffic the port has restrictions including daylight-only transit for Aframax tankers and specific transit times based on tides. No worries, oil and gas industry rich will demand safety requirements are reduced, if not removed all together, for tarshit shippers. Watch the greed-induced crashes and spills …. always cleaned up or tried to be cleaned up (bitumen is never entirely cleaned up when spilled/dumped into water), all on taxpayer’s dime, never the rich profit rapists so they don’t care how much they dump into the port or sea. |
And, with COVID-19 damaging the brain and diminishing cognitive function in many infected even in those with no symptoms or mild cases, and our health authorities, notably the monstrous social mass murderer, Dr. Bonnie Henry, lying to the public to make sure most people get infected repeatedly, ensuring mass escalating brain rot, and human greed of the rich always trumping safe operations, just watch the crashes and horrific spills unfold. This tarshit cannot be cleaned up when it spills into water (fresh or saline).
Lousy biased reporting below by Reuters. It reads more like Polluter Propaganda for tar companies and Steve Harper:
Canada’s long-delayed Trans Mountain oil pipeline starts operations by Nia Williams with Harshit Verma in Bengaluru and Rod Nickel in Winnipeg, May 1, 2024, Reuters
After 12 years and C$34 billion ($25 billion), Canada’s Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country’s producers.Bullshit! It was just more money laundering by fed gov’t to appease greedy Albertans and the corrupt in govt there, steal from struggling Canadians to give to rich Kinder Morgan Americans while giving USA more of the world’s filthiest most dangerous oil. It’s expected most of the bitumen will be shipped into the USA, not Asia. Besides, Asians are smarter than us, they’re implementing more and more renewable energy while pumping out more and more small efficient economical EVs, they don’t need or want our toxic tarshitPipeline constraints have forced Oh come on. Companies have been sucking records billions of dollars in profits out, while clean up nothing, leaving ever growing toxic devastation everywhere they operate.Canadian oil producers to sell oil at a discount for many years, but TMX will nearly triple the flow of crude from landlocked Alberta to Canada’s Pacific coast to 890,000 barrels per day (bpd).
For Canada, the world’s fourth-biggest oil producer, the additional pipeline capacity is set to boost crude prices, lift national gross domestic productWhich needs to be reduced, not lifted, for anyone’s kids and grandkids to survive the death of life on earth. and expand access to Asian oil markets.
Both TMX and the existing pipeline are now able to transport crude oil and the company has the ability to load cargoes from all three berths, Trans Mountain said in a press release, adding that 70% of the expanded pipeline is full by volume.
“Everyone has been waiting for this for literally years,” said Rory Johnston, founder of the Commodity Context newsletter. “It’s a fantastic thing for Canada and the polluting profit-raping job decimating via automationAlberta oil patch.”
The expanded pipeline was first proposed by Kinder Morgan (KMI.N) in 2012. The Canadian government bought it in 2018 tosteal from Canadians to give to the rich and escalate deathly oil patch pollution and devastation in Alberta’s killer tarshit lands ensure the project got built despite opposition, but construction has been marred by regulatory delays and costs soaring to more than four times the project’s original budget.which Kinder Morgan knew was going to happen, and why it gave up on the uneconomical disaster of a project that will increase struggle and suffering for ordinary Canadians while fattening already too fat Americans.
“It is increasingly difficult to build pipelines in this country and it wouldn’t surprise me if this was the last pipeline,” Jon McKenzie, CEO of oil producer and TMX shipper Cenovus Energy (CVE.TO) said on an earnings call.I doubt life on earth will last long enough for another pipeline to be built, thanks to assholes like Mr. McKenzie and his mega polluter ilk.
The Canada Energy Regulator (CER) granted the final permits for the expansion project on Tuesday, clearing the way for the pipeline to start operating.Just waiting now, for the first rupture, and water destroying spill.
Trans Mountain Corp said May 1 marks the commercial commencement date for the project, and tankers will be able to load at Westridge Marine Terminal in the Port of Vancouver by mid-May.
EXPORT OPTIONS
TMX will substantially boost Canada’s oil export capacity and couldbut won’t help shrink the discount on benchmark Canadian heavy crude, currently around $13.50 a barrel below U.S. crude, to less than $10 a barrel, analysts at RBC Capital Markets said in a note to clients.
Asian buyers are already showing interest.
Reliance Industries (RELI.NS) bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner’s first oil purchase from TMX, Reuters reported.
For Ottawa, the project’s completion comes as a relief. Prime Minister Justin Trudeau’s Liberal government was slammed by environmental campaigners for buying the pipeline in the first place, and has drawn sharp criticism during construction for spiralling costs.It was always an intentional theft from the citizenry, to enrich polluter rich.
Green groups Many scientists worry about the pipeline’s potential to leak in pristine areas and its expansion of carbon-intensive oil sands crude. Climatescientists and activists warn increasing oil and gas production risks hamstringing Canada’s efforts to cut carbon emissions.
“Trudeau made the decision to purchase this gift for the fossil fuel industry, but it’s these communities and ecosystems that will pay the price when the Trans Mountain pipeline inevitably spills,” said Peter McCartney, climate campaigner at the Wilderness Committee environmental group.
The federal government wants to sell at least part of Trans Mountain to Indigenous groups, but is expected to have to take a major haircut on its investment.It was always known from the day the feds gave this huge money laundering gift to the rich, that Canadians would lose billions of dollars, as well as lose many billions of dollars more, in devastation to air, land, water, harms to public health, and death to other species, including wiping some out.
“The Trans Mountain Expansion Project will ensure Canada is robbed by this stupidest most polluting tarshit pipeline on earth receives fair market value for our resources while maintaining the highest worst environmental standards,” said Katherine Cuplinskas, press secretary to Deputy Prime Minister Chrystia Freeland.
“The federal government will launch a divestment process in due course.”
Canadian oil production is forecast to hit a record high of around 5.3 million bpd this year, according to TD Securities, as producers ramp up output in anticipation of TMX’s new capacity.
Two traders in Calgary said oil inventories in Alberta are brimming at record levels of 42 million barrels, but expected to draw down reasonably quickly once the expanded pipeline starts flowing.Just watch the headaches explode!
“The completion of TMX is monumental for Alberta, since this will significantly increase our province’s output,”But, everything we screw up in our UCP gov’t and by our evangelical Fucker Trucker handlers, is always Trudeau’s faultAlberta premier Danielle Smith said in a statement on Tuesday.
Conservative premier Smith is a frequent critic of Trudeau’s Liberals but thanked the federal government for seeing the project through, and said stronger Canadian crude prices would result in many millions of dollars extra in government revenues.Bullshit, Alberta’s royalties are near nothing. The few pennies collected won’t even pay to clean up 1% of the toxic pollution greedy companies are intentionally leaving behind, with full blessings by gov’t and AER, or pay for the many needing increased health care services paid for by the public and dying from pollution caused cancers, heart disease, stroke, diabetes and more.
“This is a game changer for my best friends, very rich raping pollutersAlberta,” she said.
($1 = 1.3778 Canadian dollars)