Canadian Mega-Projects May Boost Alberta Oil Price, Starting in 2017
SUGAR LAND--April 8, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Increasing market access traditionally increases the price of oil from production regions. Conversely, lower market access has pushed prices lower, due to producers having to sell at whatever price is necessary to move their oil. This is the situation in Alberta, where crude oil prices have been lower than other production areas due to a lack of market access--specifically, a lack of pipelines out of Alberta to the Gulf Coast, Midwest or East Coast regions.
Within this article: Details on the Canadian pipeline industry's mega-projects, including those from Enbridge Incorporated (NYSE:ENB), Kinder Morgan Incorporated (NYSE:KMI) and TransCanada Corporation (NYSE:TRP).