CanadianOil

Presently there are negotiations on going, relating to CanadianOil, but the producers are barking at the costs again and now the governor of Alaska is ready to force the issue. TransCanada Pipelines have been selected to build it many years ago it is the biggest pipeline company in Canada, though not the only one and at one time it was a gas pipeline company, but now some of the lines are being converted from carrying gas to oil, because the increasing heavy oil production from Alberta. The development from off shore Alaska and the Canadian North has been suspended because of costs of production and shipping but with global warming, it will be soon possible to use tankers as well as pipelines to ship production south. by A. Stephan Lanczi

CanadianOil, as far as the oil sands sale goes in Canada, we have developed sources of suspected oil as much or more than what are available from other sources. It is not cheap oil and it is difficult to refine but there are a number of American refiners are partnering with Canadian and American producers operating in Canada, to refine the heavy oil in the U.S.A. The availability is safe and secure and worth the trouble to modify existing refineries. Heavy oil has been produced in Canada for many years now, from the oil sands, but it has not been very profitable until oil prices went up, like at present. There are some developmental projects going, that would reduce cost of production a lot producing a lot higher quality of oil. A. Stephan Lanczi (To Be Continued…)