The world has changed. Why is Canada still in the pipeline business?
Quote from Steve on July 18, 2020, 8:51 amOil prices are highly unlikely to ever recover to the levels that would make TMX viable, and it’s painfully clear Canada has no control over those prices.
All this adds up to a boondoggle of epic proportions: an unnecessary pipeline, a project no private buyer will want and taxpayers left holding a multi-billion dollar bag. If the Trans Mountain expansion no longer makes economic sense, why is Canada still in the pipeline business?
Oil prices are highly unlikely to ever recover to the levels that would make TMX viable, and it’s painfully clear Canada has no control over those prices.
All this adds up to a boondoggle of epic proportions: an unnecessary pipeline, a project no private buyer will want and taxpayers left holding a multi-billion dollar bag. If the Trans Mountain expansion no longer makes economic sense, why is Canada still in the pipeline business?