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Re: [A-List] Enbridge plans pipeline to U.S. east coast



Hi Michael,
These energy corporations do not need pipes to the southern Great Lakes, they have the northern ones. Great Bear Lake/the Sahtu is actually the largest "Canadian" lake there is.


Two of the largest lakes in the world are in Denendeh/NWT, also including Great Slave, which is actually very accessible to the tar sands. The rivers around the area are already dropping level drastically, and the tar sands have only just begun. Of course, water is also needed for mining, and the same part of the world contains some of the largest amounts of un mined uranium.

There is enough water, that is, if all life, agriculture, fish and aquatic systems do not have to be factored in. If rivers are the veins of the earth, the tarsands have to bleed our earth to death, taking nations in northern Alberta and nearby first, all of us shortly after.

In fact, a full ten percent of the world's remaining fresh water is in Denendeh and the "Canadian Arctic". The lakes of toxic refuse water from the tar sands process near Fort Muck are already quite distinguishable from outer space. They are also only a tiny fraction of what is being planned by all Canadian political parties, all of them silent on the complete pointlessness in talking about reducing this and cutting that for the environment if the tar sands continue. They are *the* source of emmissions already, despite only just beginning.

Water is globally becoming more and more scarce. Allowing the tarsands to continue in operation while people are dying without clean water-- as always, in the third and fourth worlds-- is a massive violation of human rights.

This pipeline to the US East is supposed to be "alternative" to the other Enbridge, the one that (on paper) goes from Fort Muck over the territory of several nations to the Kitimat/Prince Rupert area of British Columbia, where it was to there get shipped out to Asia. Though they play the propaganda war by pretending that one pipe is in competition with the other pipe (pipelines cause far more deforestation than toilet paper and all similar clearcutting), when in fact these are nothing but the plans for how to feed imperialism off the bones of a dying resource supply.

Because of how the energy netted is almost nil compared to any other form of petrol humans can consume now, even before using energy to transport the dirty energy to where it will get used, combining that with the environmental nightmare these projects are basically leaves only the fact that US imperialism needs oil for their wars for oil. This massive profit machine is where any smart investor would put their money, and where any social justice activist should put their own human energy in resisting-- really, all the other social struggles will not matter if we have neither water nor air left.

Macdonald


Michael Hudson wrote:
This makes good sense if Canada also has the US build a pipeline from Lake
Superior and Lake Erie to Alberta to provide the water to produce the oil
from the shale. Shale oil uses more water than sand.
    When the Carter administration planned this, the idea was to close down
agriculture, quadrupling food prices, so as to pay for higher-priced oil
with higher-price food. The aim is not to produce more crude oil so much as
to increase the price of agriculture -- and depopulate the mountain states
in the process.
    Michael Hudson


On 1/19/07 4:16 AM, "Macdonald Stainsby" <mstainsby@xxxxxxxxx> wrote:



Enbridge plans pipeline to U.S. east coast

Part of effort to prevent oil sands output from flooding any single market

DAVID EBNER

CALGARY -- Enbridge Inc. wants to move Canadian oil sands output all the
way to the Philadelphia region, and is working on early plans for a
$1.4-billion (U.S.) pipeline that would carry domestic crude to the east
coast of the United States for the first time.

The plan is part of a larger effort by Enbridge to build a network of
new oil pipeline connections in the United States so that expected
increases in oil sands production do not flood any single market.

The pipeline to Philadelphia or nearby New Jersey is to be quietly
unveiled at an oil sands conference today in Calgary in a presentation
by Enbridge titled, "Access to markets -- progress and plans."

The connection could be in service as early as 2010, the presentation
states, with the pipeline carrying 300,000 barrels a day. The link would
begin in the Chicago region, which is now the main destination for
Canadian oil.

Enbridge considers the project a "potential initiative," describing it
as "very preliminary," according to company spokesman Glenn Herchak.

"Because of the increasing growth of the oil sands, we've seen some
market interest [from oil producers] in the potential for new pipeline
capacity into the [eastern U.S.] region," Mr. Herchak said.

The company has also had initial discussions with refiners to handle the
oil, but Mr. Herchak wouldn't identify them.

One potential customer would be Sunoco Inc., which owns the largest
refinery in the region, a facility in Philadelphia that can process
330,000 barrels a day.

ConocoPhillips Co. has a 230,000-barrel-a-day refinery in New Jersey
near New York and a 185,000-barrel-a-day operation near Philadelphia.

The Philadelphia connection is one of two big new pipeline concepts
Enbridge is pursuing. Last July, it said it was looking at a
$3.6-billion, 400,000-barrel-a-day line to connect Alberta with Texas.
The idea remains in the early stages, Mr. Herchak said.

The new ideas to move Canadian oil to different areas of the United
States follow the stall that hit the proposed $4-billion (Canadian)
Gateway pipeline, which would move oil sands crude from Edmonton to the
west coast of British Columbia for export to Asia. After significant
opposition from aboriginal groups along the route, as well as slow talks
between refiners in China and Canadian producers, Enbridge was unable to
get long-term shipping contracts signed.

The company has pushed back its in-service goal for Gateway to the
2012-2014 time frame from 2010.

To support what Enbridge is calling "a period of unprecedented organic
growth," the company yesterday announced a deal with underwriters to
sell $523.1-million of new equity, pricing 13.5 million shares at $38.75.

The offering was announced after the market closed yesterday, with
Enbridge shares ending the day at $39.14 on the Toronto Stock Exchange,
near an all-time high of $41.48 reached in December.

Enbridge, led by chief executive officer Patrick Daniel, said it wants
to finance its projects "in a prudent manner," adding that selling
assets to income trusts to raise funds "is [not] realistic in the near
term due to market uncertainty."

Among Enbridge's list of plans are a $1.8-billion (U.S.) line called
Alberta Clipper to add oil export capacity from Alberta to Wisconsin,
and a $1.3-billion project called Southern Lights to carry a very light
oil called diluent to Alberta from Chicago. Southern Lights is under
construction. Diluent is mixed with raw bitumen from the oil sands so it
can move through a pipeline to a refinery for processing.

Enbridge yesterday also said its board of directors has decided to
increase the quarterly dividend by 7 per cent, making the annual rate
$1.23 (Canadian), up from $1.15.







-- Macdonald Stainsby http://independentmedia.ca/survivingcanada http://lists.econ.utah.edu/mailman/listinfo/rad-green In the contradiction lies the hope --Bertholt Brecht.





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