Trans mountain pipeline company is working on the twinning of their 60 year old line from Alberta to the west coast. The now completed Green energy project above got copy from a platform; is the info correct or sales puffing. Ask the financers? Is there an age of truthiness coming to deal with debt piled up out of Covid-19?
Thirty percent drop in demand May 2020. 100 % demand for line…
The Covid-19 restrictions caused a drop in demand and perhaps will change habits and expectations for consumption.
The size and complexity of the global crude oil market has expanded significantly since the Trans Mountain Pipeline entered service in the 1950s. Canada is the fourth largest oil producing country globally, behind the United States, Russia and Saudi Arabia and approximately equivalent to Iraq in terms of daily oil production. Canada’s oil consumption is comparatively small, so our nation is a net exporter of petroleum products and crude oil. Canada has the third largest proven crude oil reserves globally behind Saudi Arabia and Venezuela as a result of the approximate 170-billion-barrel oilsands. Export of crude oil and refined products has been, and will continue to be, a significant economic impact for Canada.
TM today
In 2019, global crude oil and liquid hydrocarbon production and related demand was nearly 100 million barrels per day. The COVID-19 pandemic decreased global demand for oil roughly 30 per cent by May 2020[1]. Implicit in studies such as the Internal Energy Agency (IEA) on Global Demand see support for an expected recovery in demand, however, the pace of recovery is unclear given the uncertainty associated with the course of the COVID-19 virus[2]. Even in this difficult year of 2020 with reduced global demand resulting from COVID-19 and lower oil prices, the Trans Mountain Pipeline has continued to be full, with demand exceeding the current capacity.
Trans Mountain today
BC government January 14th 2021 news, one third the cost of EV…
The BC government has announced that will be available rebates of up to 1/3 the cost of an EV. and added 2 million dollars to the clean BC specialty use rebate program on August 5th 2020.The program is for business and groups. The program may give a higher platform to the usefulness of electric alternatives.
BC hydro also increased the subsidy on Electric chargers on December 3rd first come first serve.
Novel still
In our subjective view EVs remain Novel to consumers still however their are numbers of reasons that a choice of a quieter vehicle would suit many.
On this Day: January 14th 1954
American motors formed.
Kevin Griffiths
percypaschal
The Proprietor Review 