Volatility blamed on pipeline capacity failing to match growing oil sands output, and production limits.
Doesn’t have a clear understanding of economic damage caused by the failure to build new pipelines to coastal waters.
Will transport blended crude and condensate to Lloydminster from across the river.
Could peak as high as 590,000 barrels in 2019 if producers don’t resort to crude storage in peak months.
StatsCan reports they have dropped every month since January
Once a project is up and running there are big technical issues with hitting the off switch.
Follows 101,000 gallon spill of crude from hobbled pipeline.
Nine worker deaths in five years involving people at crude production tanks.
Incident blamed on pipeline mechanical failure.
Fraser Institute report calls for urgent action, streamlining of infrastructure.
Senators urge end to delays that will only drive Canadian production to China and Korea.
Ottawa challenges EU fuel quality directive that targets oil sands.
Centrica, Qatar Petroleum to buy natural gas crude oil in three provinces.
Crude assets in Virden/Daly region produce 1,600 barrels of oil per day.
Analysts say the economics aren’t there.