Crescent Point Energy Corp CPG

Trans Mountain

[retiredcf]

Trans Mountain Pipeline Expansion all but open: After years of delays and billions of dollars of cost overruns, the expanded Trans Mountain oil pipeline is expected to start filling with Canadian crude for the first time today – the final step before the official commercial launch next month. The pipeline, which will allow almost a million barrels per day to reach export terminals in B.C., is a major development for Canada’s oil industry, one that’s expected to reduce the price gap faced by Canadian oil by opening up new markets for it. Although the obvious buyers are oil-thirsty markets in Asia, in the short term, an intriguing new option has started to emerge, as the sudden glut of oil on Canada’s West Coast has found an eager market in refineries in California. While the official opening of the pipeline isn’t scheduled until May 1, Tuesday’s so-called “wet commissioning” of the line is expected to take a big bite out of stockpiles, which have risen to near a record, Bloomberg reports this morning.

[westcoastlogger]

And just to illustrate how screwed our leftwing governments(Trudeau,Singh and David Eby)are, we pay around .80 cents per litre, just in TAXES, on gas in the lower mainland of BC. 2.15/litre not uncommon and going up by the minute. Treated as a sin tax to punish us for our use of the ICE. Not to mention that taxes on peoples Fortis natural gas bills every month are now more than the gas portion

[westcoastlogger]

My tax accountant/bookeeper whom I've known for years tells me, without mentioning names of course, that he knows people that have 30-40 thousand dollar credit card bills. Paying the American Express with the Visa. This is a scary situation.