Quote:
Originally Posted by Deepstar
I'm not in the O&G industry, but I believe the positive outlook is more to do with the global market. Global giants like China and India will only be increasing their energy use, and so in many ways the sky is the limit as long as they can get a pipeline out of Alberta to the west coast. If that happens, we will be looking at a boom larger than anything we've seen before.
The east coast pipeline that TCPL is working on, could also provide petroleum sales outside of North America.
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agreed. by 2030 analysts estimate that China will use ~70% more energy than the U.S.
and China has already taken huge initiative to secure oil for themselves by Chinese companies (usually government controlled) comprising a huge stake in the oil sands.
PetroChina, CNOOC (takeover of Nexen), China Petrochemical Corp aka Sinopec, China Investment Corp, etc. all have major stakes or at least a foothold in the Oil Sands.
not to mention Husky being Chinese owned as well.
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