Going down the wrong pipe

canadianbusiness.com/article … wrong-pipe

“Following the U.S. State Department’s decision to postpone a decision on TransCanada Corp.’s Keystone XL pipeline, Canadian pipeline boosters from oilpatch CEOs to federal Natural Resources Minister Joe Oliver responded that Canada would have to look to other markets—namely China—to buy our oil. It may seem a snappy comeback as you pick up your marbles and exit the playground, but it’s not so simple.
Nor does it follow, as has been widely speculated upon in the media, that Enbridge’s ­Northern Gateway pipeline proposal represents an alternative to Keystone XL. Yes, the two pipes would each move about half a million barrels a day. Yes, by carrying the oil to tidewater they would both capture the higher world price for Canadian producers. But beyond that, they are different projects with very different prospects. …”