Elena Cherney and Steve Paiken on pipelines and bitumen sands


in Canada, Economics, Politics, The environment

They stress the unknown future production levels from U.S. oil fracking as important for determining the future size of Canada’s oil industry.

They mention this Jeff Rubin report: Evaluating the Need for Pipelines: A False Narrative for the Canadian Economy


The claim that additional pipeline capacity to tidewater will unlock significantly higher prices for bitumen is not corroborated by either past or current market conditions. Recent international commitments to reduce global carbon emissions over the next three decades will significantly reduce the size of future oil markets. Only the lowest-cost producers will remain commercially viable while high-cost producers will be forced to exit the market. The National Energy Board should consider a rapidly decarbonizing global economy when assessing the need and commercial viability of further pipelines in the country and use Western Canadian Select as the price benchmark when evaluating the economic viability of any new oil sands projects. Pension plans need to stress test their long-term investments in the oil sands in the context of a decarbonizing global economy.


Open thread: peak oil

Peak oil and climate change

Fracking and peak oil

Fatih Birol on peak oil

Why Your World Is About to Get a Whole Lot Smaller

Export industries, shipping, and the price of oil

Is there an alternative to extracting the bitumen sands?

Justin Trudeau’s depressing perspective on the oil sands

‘Shut down the oil sands’ is not an extreme position

Two things Canada’s oil industry needs to understand

Canada should phase-out fossil fuel exports

The oil sands can’t be sustainable

The magnitude of GHG emissions from the oil sands

Blocking in the oil sands

Canada does not have the right to develop the oil sands

Oil sands buyers and sellers

{ 1 comment… read it below or add one }

. September 29, 2017 at 1:56 am

‘In the lion’s den’: Trudeau defends oilsands statements at Calgary town hall

‘We have to manage the transition off fossil fuels,’ PM says, even invoking his predecessor’s name

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