Monday, November 21, 2011

This and That

"Canada must reduce its dependence on the United States and look to Asia's rising fortunes, Premier Alison Redford told an Toronto audience during an Economic Club of Canada keynote speech on Wednesday.
Redford said her government remains committed to the delayed Keystone XL pipeline to Texas but the province needs more customers for its oilsands products.

"Our success is dependent on exports and the prosperity they bring, but U.S. demand is declining," the premier said during her first visit to Toronto as premier.

"Asia's star is rising and it will dominate the 21st Century. We can guarantee national prosperity for a long time to come by supplying them with the energy that they need."

Premier Redford hits the nail on the head when she starts the conversation of creating an energy supply chain to Asia. If Keystone isn't ready, lets diversify. The more global partners, the merrier. Read More Here

"A CIBC report suggests that over the next two decades, energy infrastructure construction will add a million jobs to the Canadian economy – enough to pull it away from recessionary risk without government intervention. At least part of that depends on Canada processing its oil sands crude."

As the battle over the Keystone XL pipeline threatens to upset exports from Canada’s oil sands to the United States, an old dream to make Alberta an oil-processing powerhouse is back on the table.

Alberta’s energy industry has long counted on the planned pipeline to carry much of the province’s ever-increasing volume of oil sands output to refineries on the U.S. Gulf Coast. Go to article

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