[bootlegga]

$1:

Venezuelan oil, which has similar greenhouse gas emissions intensity as the oil sands, will be the biggest beneficiary if the U.S. State Department rejects the Keystone XL pipeline, according to a new study.

“Today, the majority of heavy supply on the USGC [U.S. Gulf Coast] comes from Venezuela (0.8 mbd), followed by Mexico (0.7 mbd); the rest is from smaller suppliers including Colombia and Brazil,” Jackie Forrest and Aron Brady, analysts at IHS CERA, wrote in study published Thursday.

“If Gulf refiners cannot access Canadian heavy oil, the most likely alternative is Venezuelan supply, which is projected to grow based on ongoing investments.”

TransCanada Corp.’s proposed pipeline to transport Alberta crude to the Gulf Coast has been thrown into doubt after President Barack Obama downplayed the project’s job-creating potential and said he will approve the project only if it does not “significantly exacerbate the problem of carbon pollution.”

Continued at;

http://business.financialpost.com/2013/ ... =59d6-4618

[Jabberwalker]

The Trans Canada Pipeline extension into Ontario, Quebec and New Brunswick can connect with all sorts of existing North-South pipelines that are on the U.S. side in the East. It is a possible alternative to Keystone as those American pipelines are already in existence and the Canadian portion is being welcomed on this side of the border.

[peck420]

Study is wrong.

Biggest beneficiary will be Canada.

XL delays have forced discussion of the east-west pipeline. That pipe gets built, Canada gets 3 provinces bank rolling on black, instead of one.

May take a couple years to materialize, but I think the US, inadvertently, did us a major solid.

I don't even want to think about Canada's potential if 3 provinces are rolling at $60,000+ GDP/capita (relative to today's averages).