RE:Trans Mountainwestcoastlogger wrote: Parlimentary budget office says it won't be possible for Freeland and Castreau to sell the Trans Mountain Pipe for a profit. Castreau let the costs get so out of hand building the thing that profitability is now impossible. If the idiot had just backed off and helped out Kinder Morgan any way he could, we wouldn't be here. :Poilievre should just sell it off at a loss and save the billion or so a year we pay on interest.
"WE" don't pay a billion a year in interest....Trans Mountain does... and a billion is about what TMX gets in tolls per year....Because of TMX the "discount" has narrowed to 11 bucks a barrel as opposed to the historical 15......4 million x 4 bucks is an extra 16 million dollars A DAY in revenue for AB oil companies.
Because of TMX oil sands operators plan on inceasing production by 2-3 hundred thousand barrels per day next year.....250,000 barrels x 60 bucks is another 15 million A DAY in revenue for those producers.
If you think TMX was/is so bad SHUT IT DOWN....turn it off and mothball that darn thing!