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Canadian Oil Could Get an Unexpected Route to Asian Markets

2013-07-31 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: TransCanada Corp.s proposed Energy East pipeline could give western oil producers back-door access to Asian markets at a reasonable transportation cost if it reaches Saint John. While politicians have focused on the provision of Canadian crude to eastern refineries, Saint Johns ice-free, deep-water port would allow crude to be loaded onto the largest tankers, providing an economical route to India at least, and perhaps China, Bank of Nova Scotia senior economist Patricia Mohr said Tuesday. The...

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