The Case for a Truly Nation-Building Pipeline

Like the railroad and the Trans-Canada Highway before it, the idea of a cross-country oil pipeline was promoted by the previous federal government as a great unifier; a nation-building project binding Canadian communities together from the Prairies to the Maritimes. The idea was roundly ridiculed by many and largely ignored by others. But what if, instead of building a private for-profit transmission line from the oil sands to tide-water, the proposal was to build a truly national pipeline—that is to say, a publicly owned pipeline? A kind of Trans-Canada Highway for oil.

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The Secret Behind Soaring Oil Prices

Right now, there are some things that are certainly negative concerning oil, such as the failed Doha meeting and rising crude stocks. However, when you look at a report like this, which shows that some categories of petroleum products are falling, that output is dropping, that demand for products is strong year over year, and that the rig count is still very low, it’s hard not to be more bullish than bearish regarding oil in the long run.

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