After a year, did the promises fill the mountain tubes? star-news.press/wp

A year ago, the Trans Mountain expansion project was placed with no ceremonies or camera. Since then, financial and geopolitical situation has changed to the point required by projects similar to this pipe. Trans mountains, more than $ 34 billion costs Canadians, does not meet all his promises.

For General Manager Crown company, Mark MakiIt is necessary to return to goals at the base of building pipelines.

He really improved the national situation, in terms of the wealth of Canada or in terms of sovereignty. The Trans Mountains supposed to do what.

Definitely recognizes many expanses of industry expectations by analyst Global views of the S & P Global ProductsKevin Bir.

The deficiency of oil export tubes outside the boundaries of Alberta are causing Canadian producers to sell their barrels at discount. Before the trans mountain, this deviation could reach up to $ 45 per barrel.

Since the commentary, the differential has fallen under $ 10. We are talking about a system with 5 million barrels per day. Additional is fast madeIt emphasizes Kevin Bir.

It also adds discount to stabilize, which affected the market producer in the market in the market made it possible to immunize Donald Trump.

Have we celebrated with great fanfare? Doesn’t affect the market? Completely.

According to data S & P GlobalMore than 50% of oil transported oil is difficult to access asian, so far. Market diversification is an important data and is one of the most important achievements of the trans mountainIt emphasizes General Manager State business.

If the conquest of this growth market has been one of the goals of the expansion project, Kevin Birn says the final destination at the start of the pipeline: When the oil is in a bowl, it can be taken anywhere that offers the best price.

Maximize benefits for oil companies? Certainly but not only, he responded to the economy teacher Trevor Falls, Kalgary public policy school.

Alberta, the fall of a dollar from the differentiated oil provides $ 740 million to banks in the province. The teacher warns the rest of Canada indirectly increasing tax tickets.

Profits $ 34 trillion?

These advantages, however, along with the significant invoice assuming the federal government, is the owner of the project: more than $ 34 million.

In a testamental year, opinions are still deviated to find out if this cost is justified.

Pour Trevor FallsThe answer is yes. Its estimates, the income created by the pipes will cover the cost of activity and pay the debt generated in the majority. Although Ettawa tries to sell infrastructure, the economist believes that there is a good opportunity that a private company will take debts.

The channel war also added the channel war associated with the U.S. and concerns related to Canada’s energy sovereignty, to export only to the United States.

If we want to diversify our business, we need infrastructure and each project will be part of its riskargued.

The lesson to take out of experience with the United States is that alternative solution is very precious for many years.

Teacher Thomas Gunton, Simon Fraser has a completely anti-opinion from the University of Environment and Resources.

Federal government and therefore taxpayer can lose about $ 18 billion in the projectHe believes.

The rights established in oil-based oils are much higher than the rights of other competitors and is subsidized by Ottawa.

Although the United States establish a rate on Canadian oil, it remains a greater advantage to sell oil from the border south.

The price of diversification is very high.

Reuters has shown that it is much less than that the Corporation of the Pipeline Corporation was given, especially for the rights requested. This year, the company predicts the 80% use rate, less than 96% predicted.

Mark Maki However, this sub-performance attributes the prudence of oil producers who have learned from the past to flood the system transport skills.

Trevor Falls explains the divergence of opinions about the use of a long-standing pipe: There is a risk, but I can think that the pipes will continue to use until 2040.

Global demand is not large enough to justify the expansion of the Canadian oil productionThomas Gunton argues its part.

Who is correct? The answer will not be known for several years.

Indigenous participation that has often persisted

There is another promise left unfinished: it is the participation of indigenous pipes.

We are waiting to decide to sell the governmentreveal Stephen MasonDirector Project reconciliationA group representing 120 first nations who want to be the own mountain.

Certainly, the first nation should have this infrastructure.

The team presented its first purchase proposal almost six years ago, but the Federal government wanted to complete the construction of the project.

After 1 year after a year, the reconciliation of projects is still interested, but the federal side program is clearer. We need to agree on commercial value (from pipeline)that Stephen MasonThis year it is not possible to do the hearing of the tolls planned this year, but delayed several times.

President Project reconciliationHowever, Robert Morin believes that the pipeline will help launch a dialogue about indigenous participation in these important energy projects.

Other Mountain Trans model tubes?

A General Manager De Trans Mountain believes that the federal government must take time before you start selling. Proposes five-bird schedule.

In the same way, he recommends a prudent approach to building new pipelines in discussions.

First, let us optimize what we have, then increase the rest of the system to protect the power of the Prime Minister’s Energy SuperpowerHe refers to.

The injection of products that reduces oil friction in optimization, when it is transported and increases the power of compression stations.

The prudence will not prevent the more important role in relation to the state to the nearer future of society.

Along the way, if Trans Mount Mountain becomes a larger entity for Canada, it will be great. But we deserve (first) worth it.

I think there is a trans mountain as a public company or the possession of the Canadian Pension Funds or Aborigi. I would like to get this result before leavingHe said.

Reuters with information