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|    calgary.general    |    A very nice Canuck city, no libtard BS    |    176,774 messages    |
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|    Message 176,022 of 176,774    |
|    brewnoser2@gmail.com to All    |
|    Why has Canada spent billions buying Sau    |
|    08 Aug 18 18:41:38    |
              This answers the question in a very simple way. And the photos of what our       oil looks like makes it even more clear.       __________________________________       August 8, 2018 - NP                     Why has Canada spent billions of dollars buying Saudi Arabian oil?              Despite sitting on an ocean of oil, Canada still buys $300 million per month       of Saudi crude              As Saudi Arabia aggressively severs ties with Canada, the two countries’       trade relationship hangs in the balance. On one hand, Canada will lose out on       Saudi foreign students, military contracts and sales of wheat and grain. On       the other, Saudi Arabia        will lose the billions of dollars it earns every year by selling oil to Canada.              For years, it has been an oft-repeated Alberta grievance that these imports       exist at all. Despite sitting atop an ocean of proven oil reserves, Canada       continues to spend a small fortune every year buying oil from a country that       executes homosexuals,        flogs dissidents and has a nasty habit of funding Islamic extremism.              Below, a quick guide to why Canadians are still gassing up their cars with       Saudi crude.              Over the last 10 years, Canada has spent $20.9 billion on Saudi crude              Between 2007 and 2017, Statistics Canada figures show that Canada imported a       total of $20.9 billion of Saudi Arabian petroleum oils. For context, this is       almost precisely what Canada spends on its military per year. It’s also way       more than the        expected $15.7 billion cost of the Energy East pipeline.              On average, in recent years, Saudi Arabia supplies about 10 per cent of       Canada’s oil imports. Canada, in turn, is responsible for buying roughly 1.5       per cent of total Saudi oil exports. What’s more, Saudi Arabia is climbing       the leader board of        countries that Canada’s relies upon for its foreign oil. As recently as       2010, Saudi Arabia ranked as Canada’s fifth largest supplier of foreign oil       (behind Algeria, Norway, the U.K. and Kazakhstan). Now, Saudi Arabia is       second only to the United        States.       ________________              Graph showing crude oil imports into Canada. Although Canada’s primary       supplier of foreign oil remains the United States, Saudi Arabia is in a firm       second place. National Energy Board       https://nationalpostcom.files.wordpress.com/2018/08/graph.jpg?w=       14&quality=60&strip=all&zoom=2       _________________              Right now, all the Saudi oil is coming through a single New Brunswick refinery              All of the Saudi oil imported into Canada in 2017 and 2018 came through New       Brunswick, which only has one oil import facility: The massive Irving       Oil-owned Saint John refinery.               Between January and June of this year that refinery has imported $1.8 billion       of Saudi oil — roughly $10 million per day. The amount of U.S. oil entering       the refinery, for comparison, is equivalent only to about $3.8 million per       day. Unlike most        Canadian refineries, Saint John has no access to a pipeline; every barrel of       oil it processes either comes by tanker or train. (The oil train that caused       the Lac-Mégantic rail disaster, in fact, was headed to the Saint John       refinery).              “We source crude oil from all over the world for our refinery in Saint John,       N.B.,” a spokesman for Irving Oil told the National Post in 2016. And       whenever someone is seeking out the cheapest product from the world market,       it’s not unusual that a        lot of it is going to come from oil-rich Saudi Arabia. It’s like turning to       the world market to buy the cheapest possible t-shirts: Chances are that       they’re going to come from Bangladesh.              Alberta and Saudi oil aren’t necessarily the same thing              On paper, Canada could become energy self-sufficient tomorrow. Every day we       produce about 3.9 million barrels of oil per day, and use less than 2 million       barrels. A study this year from the Canadian Energy Research Institute even       calculated that energy        self-sufficiency might reduce emissions.              But think of oil like whiskey: There are many different types and qualities. A       bourbon connoisseur probably isn’t going to be happy with a bottle of Old       Crow and a Manhattan isn’t going to taste the same if it’s made out of       Scotch.              Similarly, Alberta oil is not interchangeable with the stuff coming out of       Saudi Arabia. Andrew Leach, an energy economist at the University of Alberta,       even said that comparing the two is like comparing apples and oranges.        “Saudi crude and WCS (       Western Canadian Select) doesn’t overlap much in terms of their markets,”       he told the National Post.               For one thing, most eastern Canadian refineries cannot process bitumen, the       thick tar-like hydrocarbon that comes out of the Athabasca Oil Sands. Almost       anybody can process Saudi Arabian crude, but only an elite fraternity of the       world’s most complex        refineries can turn Alberta bitumen into gasoline.               To get to the east coast, Canadian bitumen also has to be shipped overland       from more than 4,000 kilometres away, significantly adding to its total costs       (Saudi Arabia is 10,000 kilometres away from the Canadian east coast, but       tanker shipment is cheap).              It’s also why Western Canadian Select, the industry name for most oil sands       bitumen, sells at such a steep discount to more conventional oil types coming       out of Saudi Arabia. In June, for instance, WCS sold at an average of       USD$52.10 a barrel,        compared to USD$67.87 for West Texas Intermediate (WTI), an oil category       priced similarly to most Middle Eastern oils.              “The oil Alberta produces is simply of a lower quality than … WTI, and is       located farther away from customers,” writes the Alberta government in an       online briefing note describing the WCS “discount.”       _______________________              A sample of bitumen pictured in 2014. This is much different than what Saudi       Arabia is selling. [. . . and what Rachel Notley wants to move by expanded       pipelines - and a whole lot of toxic dillutants - through BC and its oceans] :              https://nationalpostcom.files.wordpress.com/2018/08/qmi_es_shell       albian_sands_north_fort_mcmurray_oil_sands_41.jpg?w=414&quality=       0&strip=all&zoom=2       ___________________________              Even with a pipeline, it’s not a guarantee that refineries would buy Canadian              The cancelled Energy East pipeline, of course, would have pumped Saskatchewan       and Alberta petroleum into New Brunswick. Politicians touted the pipeline as       a way to supplant foreign suppliers such as Saudi Arabia.                      [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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