Anderson “wrote that Asian refineries have better supply options than Alberta. Compared with conventional light and medium crude oil from Nigeria and the Middle East, Alberta bitumen is expensive to produce, hard to handle, and provides no security of supply advantages,” The Canadian Press states.
“Further, he said despite access to tidewater through unused pipeline capacity in the existing system and through American Gulf of Mexico ports, Alberta’s bitumen has not found or developed any significant offshore market in Asia or anywhere else.”
“Why? Because buyers are few and far between,” Anderson wrote. “That remains the situation today, and there is little to suggest it will change in the future. Building a new pipeline will not change the market.”