This year (2013) Canadian regulators are expected to decide the fate of two West Coast crude oil pipeline projects. If one or both of these pipelines get the go-ahead then future expansion of Canadian production will be secure for a few more years and the export option to Asia will bring producers higher prices. The regulators face a single jeopardy – approve the pipelines or Canadian crude production expansion will decline. Producers face a double jeopardy if the pipelines are not built – lower production and lower prices. Today we discuss how critical the West Coast pipeline projects are to Canadian producers.
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