Canadas oil industry has a natural limit placed on it now. The US has all our oil it needs and they have doubled production. Very little appetite for our crude being exported on tanker. Might see the odd shipment to Asia or Cali now and then if spreads vary.
Our big opportunity is to cut eastern Saudi and US crude imports off and look at some incremental refining opportunities and start dipping our toes into the rare earths and hydrogen. That's about it. TMX is the key to that. I see why Kenny is so hot about that one project. Even if we have to tanker it through the panama canal, that's still closer than Saudi shipments.
Our big opportunity is to cut eastern Saudi and US crude imports off and look at some incremental refining opportunities and start dipping our toes into the rare earths and hydrogen. That's about it. TMX is the key to that. I see why Kenny is so hot about that one project. Even if we have to tanker it through the panama canal, that's still closer than Saudi shipments.
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