Enbridge Northern Gateway pipeline could cost $15 billion?
Enbridge may be understating the true costs of the Northern Gateway oil pipeline, according to an APTN report based on WikiLeaks emails from Texas-based global intelligence firm Stratfor. The firm’s vice-president of analysis suggested that the true cost of the Enbridge Northern Gateway pipeline could "easily" go over $15 billion, and that China would have to cover much of the cost.
The story, which was first reported in Aboriginal Peoples' Television Network by Jorge Barrera, highlights information from emails relating to Canadian oil sands in The Global Intelligence Files, derived from Stratfor -- known as the "shadow CIA".
Below is the email which mentions the Enbridge Northern Gateway pipeline cost (emphasis added):
Re: G3/B3/GV - CHINA/CANADA/ENERGY - China Invests in Canadian Oil-Export Project
Email-ID 1105205 Date 2011-01-21 15:38:57 From email@example.com To [email protected]stratfor.com List-Name [email protected]stratfor.comit is Prince Rupert that is the gateway they're talking about. i'll send here next a PR release I dug up, on plans for Prince Rupert port and infrastructure.
On 1/21/11 8:25 AM, Peter Zeihan wrote:
while technically possible, going over the Canadian Rockies would be a technical challenge to say the least
im guessing that the price tag on this would easily go above $15b (about triple what the current estimate is)
there's are very good reasons why all the crude goes south on flat
land to the midwest
so not impossible, but china would have to pony up for all of that itself (its done stranger things for less, so who knows)
Vancouver as an oil supertanker port -- now THAT would do some
interesting things to Canada's view of China