Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:16 AM

GasBuddy News Article

49
votes
East Coast looks to lure oil money as Alberta discounts bite

Financial Post -- The deteriorating price environment for Alberta’s oil sands stands to spur development on Canada’s East Coast, where new seismic work has uncovered three “very large” but highly prospective oil fields in the Labrador Sea.

The subsea structures, revealed after a two-year seismic program mapped an area equivalent in size to the Gulf of Mexico, are being shopped around to international oil companies as a promising new deepwater exploration frontier by Nalcor Energy, Newfoundland and Labrador’s provincially owned energy company.

Newfoundland and Labrador produced more than 267,000 barrels per day of undersea crude in 2011, all of it linked to world oil prices. That alone could lure investment away from landlocked Alberta, where oil sands producers face the prospect of dwindling returns u


Read the Full Article

Submitted Feb 17, 2013 By: Nicoalbum
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: East Coast looks to lure oil money as Alberta discounts bite Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
tomok
Champion Author Portland

Posts:43,793
Points:2,950,160
Joined:Aug 2006
Message Posted: Mar 5, 2013 2:33:44 AM

East Coast looks to lure oil money as Alberta discounts bite? More and larger offshore oil reserves discovered and Alberta cannot get enough of their oil to market. Time for a different marketing stratagy and maximize their oil sands profits while they can.
There is oil all over this world, find it, get it out of the ground and to market.
More Refineries are Not the answer, Stop exporting fuel is!
Take care of the domestic fuel market first and above all else!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,943
Points:2,215,740
Joined:Nov 2008
Message Posted: Feb 22, 2013 5:54:50 AM

John, it has, but Pig Oil and the lust for money has overridden a lot of concerns for those who have something to say.
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:12,112
Points:3,673,665
Joined:May 2003
Message Posted: Feb 18, 2013 2:52:58 PM

JohnLM, I'm going to hazard a guess that, unlike the bulk of the U.S., global warming will actually help Canada (for obvious reasons) as well as extending their growing seasons and making formerly non-productive areas suitable for grain. I think I read once where the Peace River Country surrounding Grande Prairie, Alberta, is the northernmost grain growing area in the world. Global warming can only bring more areas into cultivation.
Profile Pic
JohnLM
Champion Author Orlando

Posts:1,119
Points:665,915
Joined:May 2010
Message Posted: Feb 18, 2013 6:16:54 AM

As leftist as the Canadians are, it's amazing that they're so supportive of big oil. I guess the whole global warming idea hasn't gained any traction up there either.
Profile Pic
VikingWoman
Champion Author Washington

Posts:3,978
Points:840,330
Joined:May 2012
Message Posted: Feb 18, 2013 1:54:21 AM

Should be good news for Canadians, eh? They pay a big price per litre.
Profile Pic
Zonk
Champion Author Michigan

Posts:9,045
Points:2,699,350
Joined:Oct 2005
Message Posted: Feb 18, 2013 1:43:17 AM

Canada, make your money now. Don't wait on the idiot in Washington to make a move. Remember, obama is not our friend.
Profile Pic
TravelinJones
Sophomore Author Stockton

Posts:197
Points:88,405
Joined:Dec 2012
Message Posted: Feb 18, 2013 1:40:39 AM

Realistically, we could build another 1970 pipeline no problem.
Maybe they have better materials and safer methods nowadays?,
possible.

But someone tell me how you can realistically protect/defend a
above ground pipeline for 1000+ miles of heartland, from some
terrorist attack, that would be a environmental and financial
disaster if said pipeline WENT BOOM!

if they can build it strong and underground like gas lines, fine.

I am not aware or have heard of any real details about this pipelines
construction materials or building technology, but to take a hit from
lets say for example," a terrorist driving a big rig full nitrate",
would wipe out any profit u make for a few years. great 10$ a gallon.
Profile Pic
TravelinJones
Sophomore Author Stockton

Posts:197
Points:88,405
Joined:Dec 2012
Message Posted: Feb 18, 2013 1:27:50 AM

we the people. complain complain.

coulda woulda shoulda bought a electric car,

but no, i wanna play gas wars till i grow old.

i think my next car will be a balloon. 4 $ a gallon. haa
Profile Pic
kcboy
Champion Author Utah

Posts:5,868
Points:1,964,865
Joined:Jun 2005
Message Posted: Feb 18, 2013 1:25:29 AM

Interesting
Profile Pic
2005Retired
Champion Author Arkansas

Posts:14,488
Points:2,644,020
Joined:Aug 2007
Message Posted: Feb 18, 2013 1:17:47 AM

back to Canada again
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:17,584
Points:2,159,940
Joined:Jul 2008
Message Posted: Feb 18, 2013 1:16:55 AM

Good for Canada! At least they are allowed to explore and prosper thier nation. We here in America of course cannot. Thanks to the EPA and the current regime. You get what you vote for!! Enjoy!
Profile Pic
HailstormCA
Champion Author San Diego

Posts:10,053
Points:1,996,400
Joined:Nov 2008
Message Posted: Feb 18, 2013 1:14:51 AM

wowser
Profile Pic
hockey_24
Champion Author KW

Posts:2,370
Points:520,405
Joined:Oct 2012
Message Posted: Feb 18, 2013 1:09:36 AM

more discounts
Profile Pic
JSX515
Champion Author St. Louis

Posts:6,294
Points:1,404,590
Joined:Feb 2011
Message Posted: Feb 18, 2013 1:09:33 AM

And we reelected the clown?
Profile Pic
rd2000
Champion Author Florida

Posts:6,147
Points:1,286,540
Joined:Jul 2007
Message Posted: Feb 18, 2013 1:09:24 AM

go for it
Profile Pic
roadrunnerMO
Champion Author Kansas

Posts:11,022
Points:2,305,640
Joined:Jul 2008
Message Posted: Feb 18, 2013 1:08:01 AM

Go for it Canada. Obama is not going to allow pipeline across the United States anytime soon.
Profile Pic
pinofl
Veteran Author Miami

Posts:364
Points:70,120
Joined:Dec 2012
Message Posted: Feb 18, 2013 1:07:29 AM

ok
Profile Pic
jcallaw
Champion Author Houston

Posts:3,183
Points:832,405
Joined:May 2012
Message Posted: Feb 18, 2013 1:06:47 AM

ok
Profile Pic
unclenorman
Champion Author Tampa

Posts:2,633
Points:559,765
Joined:Jan 2012
Message Posted: Feb 18, 2013 1:03:27 AM

"supply and demand" no longer mean anything!!!!!!Remove oil/gas from the commodity markets!!!!!!!!!!!!!!!!!!!
Profile Pic
TBONE3
Champion Author Pennsylvania

Posts:10,829
Points:2,427,350
Joined:Mar 2005
Message Posted: Feb 18, 2013 1:03:11 AM

Let's see how many YEARS it takes to agree to get every country involved to agree with each other JUST to PROCEED!
Profile Pic
Tigrelily
All-Star Author Illinois

Posts:886
Points:261,220
Joined:Nov 2011
Message Posted: Feb 18, 2013 1:02:59 AM

ok
Profile Pic
veemotors
Champion Author Alberta

Posts:1,314
Points:106,975
Joined:Jun 2008
Message Posted: Feb 18, 2013 1:00:40 AM

ok
Profile Pic
Thomtec
Champion Author Nashville

Posts:5,026
Points:1,210,185
Joined:May 2011
Message Posted: Feb 18, 2013 1:00:31 AM

Go for or Canada
Profile Pic
5Golfer8
Champion Author Tucson

Posts:4,667
Points:895,095
Joined:Jun 2011
Message Posted: Feb 18, 2013 12:59:53 AM

Up the production and drop the prices.
Profile Pic
animal63
Champion Author Indiana

Posts:1,015
Points:1,445,200
Joined:Oct 2008
Message Posted: Feb 18, 2013 12:59:44 AM

I agree with 10K the price of gas is terribly expensive for a such a great supply of oil.
Profile Pic
amgine27
Champion Author New York

Posts:2,131
Points:547,990
Joined:Aug 2008
Message Posted: Feb 18, 2013 12:59:29 AM

yup
Profile Pic
rosyLI
Champion Author Long Island

Posts:8,140
Points:1,642,260
Joined:Apr 2010
Message Posted: Feb 18, 2013 12:57:59 AM

Sounds like a lot of oil.
Profile Pic
amgine27
Champion Author New York

Posts:2,131
Points:547,990
Joined:Aug 2008
Message Posted: Feb 18, 2013 12:57:44 AM

ok
Profile Pic
GLCSHADOW
Champion Author Oregon

Posts:1,696
Points:2,183,235
Joined:Dec 2005
Message Posted: Feb 18, 2013 12:51:27 AM

Wow, even more oil out there and finding more all the time.
Profile Pic
humblepie
Champion Author Toledo

Posts:57,477
Points:2,978,445
Joined:Mar 2006
Message Posted: Feb 18, 2013 12:49:11 AM

great news for newfies
Profile Pic
BobD2009
Champion Author Long Island

Posts:9,552
Points:1,829,985
Joined:Apr 2009
Message Posted: Feb 18, 2013 12:44:32 AM

How about luring the Alberta discounts.
Profile Pic
10k
Champion Author North Carolina

Posts:24,767
Points:2,857,700
Joined:May 2006
Message Posted: Feb 18, 2013 12:42:29 AM

instead of luring oil money, how bout if we lure much lower pump prices ??..had one gas store jump from 3.46 to 3.72 today-totally uncalled for..
Profile Pic
Matt G
Champion Author Boston

Posts:7,144
Points:3,378,030
Joined:Jun 2004
Message Posted: Feb 18, 2013 12:42:21 AM

Good
Profile Pic
CivicMA
Champion Author Boston

Posts:4,542
Points:1,137,175
Joined:Jun 2011
Message Posted: Feb 18, 2013 12:41:39 AM

Good as long as safety is maintained.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,295
Points:1,335,070
Joined:Mar 2011
Message Posted: Feb 18, 2013 12:38:12 AM

As long as done safely
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:5,153
Points:1,131,840
Joined:Nov 2011
Message Posted: Feb 18, 2013 12:33:16 AM

Interesting news.
Profile Pic
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Feb 18, 2013 12:32:49 AM

Old news!
Profile Pic
bell013
All-Star Author Atlanta

Posts:526
Points:100,275
Joined:Feb 2013
Message Posted: Feb 18, 2013 12:30:31 AM

I agree, We just don't need to be Fracking around.
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Feb 18, 2013 12:28:21 AM

Question is; How do we rectify this & get ourselves fluid again?
Profile Pic
bell05
Champion Author Atlanta

Posts:25,613
Points:2,479,385
Joined:Jun 2005
Message Posted: Feb 18, 2013 12:27:32 AM

We just don't need to be Fracking around.
Profile Pic
stratlinetime
Champion Author Kalamazoo

Posts:4,884
Points:1,168,095
Joined:Feb 2011
Message Posted: Feb 18, 2013 12:26:50 AM

Oil is everywhere but prices keep going up?
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,275
Points:1,406,510
Joined:Oct 2006
Message Posted: Feb 18, 2013 12:25:48 AM

Hmmm...
Profile Pic
mfgendron
Champion Author New York

Posts:2,904
Points:828,490
Joined:Sep 2008
Message Posted: Feb 18, 2013 12:24:52 AM

I boycott all canadian goods.
Profile Pic
Cableman66
Champion Author North Carolina

Posts:4,941
Points:1,092,825
Joined:May 2011
Message Posted: Feb 18, 2013 12:23:14 AM

Old news.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,364
Points:993,265
Joined:Mar 2012
Message Posted: Feb 18, 2013 12:19:14 AM

Oil is everywhere.
Profile Pic
76chevy
Champion Author Toledo

Posts:5,216
Points:1,274,320
Joined:Jun 2010
Message Posted: Feb 18, 2013 12:19:10 AM

Oil is put on market for highest bidder no matter where it is produced. That is what keeps people like Chavez from actually enforcing his empty threats to not sell to U.S.



[Edited by: 76chevy at 2/18/2013 12:21:14 AM EST]
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,400
Points:3,062,435
Joined:May 2005
Message Posted: Feb 18, 2013 12:18:15 AM

old news
Profile Pic
GRUMPY55
Champion Author California

Posts:3,144
Points:933,025
Joined:Oct 2011
Message Posted: Feb 18, 2013 12:16:32 AM

ok
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:6,930
Points:1,501,385
Joined:Aug 2010
Message Posted: Feb 18, 2013 12:15:54 AM

Great stuff for them.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,320
Points:1,267,825
Joined:Jan 2010
Message Posted: Feb 18, 2013 12:15:00 AM

GO Maritime Provinces!!!
Post a reply Back to Topics