Go East, Canadian Crude

“Canada’s west coast should be the point of departure for liquefied natural gas (LNG) and crude oil destined for Asia. But given the ongoing political clown show in British Columbia, Alberta-based producers are starting to look east as well.  Earlier this week Canadian oil major Suncor Energy Inc transported 700,000 barrels of Western Canada Select (WCS) crude by rail to a port near Montreal. From there, it will be shipped to Italy, via the Saint Lawrence River, which ultimately connects with the Atlantic Ocean. Next month, Enbridge Inc is expected to complete the reversal of its Line 9B pipeline, bringing up to 300,000 more barrels a day to the Saint Lawrence.”

http://www.investingdaily.com/21240/go-east-canadian-crude-2/

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