Friday, April 13, 2012

Canadian Oil Headed For China

Thank you so much Barack Hussein Obama.
Kinder Morgan Energy Partners is throwing a $5 billion solution at Canada’s growing supply of stranded oil, announcing Thursday that it plans to nearly triple the capacity of a pipeline that would kick open the door to Asia.

The project is one of the most expensive Kinder Morgan has undertaken, due in part to the terrain and environments through which the project would run, said Emily Mir, a spokeswoman for the company.

The Houston-based pipeline giant said it will expand its Trans Mountain pipeline system, which traverses the Canadian Rockies en route from Edmonton, Alberta, to the Vancouver area of British Columbia, increasing its capacity from 300,000 barrels of crude a day to 850,000.


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