Connacher Oil and Gas

Interesting interview by Howard Green with Peter Tertzakian.

Peter indicated that Ontario and further East imprt roughly 700M bbl/d of oil from the Brent suppliers. This means about $15M per day leaves the country as a result of lack of pipelines to supply the east from the west. A pipeline would help Canada lower the deficit by 1.135 Billion per quarter on oil prurchase savings alone. Building a pipeline would also give a needed hand to the unemployed. It seems that if Brent is going to be higher then WTI for any length of time then a pipeline should be built here, At $1.13 Billion per quarter it seems it wouldn't take long for a payback.