OIL SANDS ACCESS TO NEW MARKETS

There is a potential 1.1 million bbl/d, or more, of new North American, and undiscounted world-priced international markets, for oil sands crude and syncrude by accessing the U.S. Gulf Coast by pipeline.

AUGURING KEYSTONE XL

Alberta premier Jason Kenney has gambled $1.5 billion in grants and $6 billion in loan guarantees of Alberta taxpayer funds to allow TC Energy to continue building Keystone XL.

RISKS TO PUBLIC SAFETY AND SECURITY POSED BY AN EXPANDED BURNABY MOUNTAIN TANK FARM

“You don’t spit into the wind, you don’t tug on Superman’s cape, you don’t pull the mask off the old lone ranger, and you don’t mess around with…” massive tank farms on the side of steep mountains next to residential areas, elementary schools and a university campus!

BITUMEN DILUENT — THE PROBLEM AND THE OPPORTUNITY

Diluent demand in Western Canada more than doubled from 300,000 bbl/d in 2010 to 750,000 bbl/d in the first four months of 2020.

ALBERTA OIL SANDS IN-SITU BITUMEN VERSUS CALIFORNIA IN-SITU HEAVY CRUDE

CANADIAN STRATEGIC AND COMMERCIAL OIL RESERVES

Producers and brokers will profit by storing undervalued, or negatively-valued, crude for later sale while Canada does not, but should, have a strategic oil reserve.