Welcome to UBC Blogs. This is your first post. Edit or delete it, then start blogging!
Stay Hungry, Stay Foolish.
Just another UBC Blogs site
Welcome to UBC Blogs. This is your first post. Edit or delete it, then start blogging!
You said that “as decrease demand of oil and shrinking oil price, the Gateway pipeline turn into a burden for Enbridge Inc” How comes? Can you explain more. Do you just mean the price will be higher and in the long run the demand will decrease.
The reason is the marginal contribution of export crude oil will decrease. In the long term, oil price will decrease. Since there will be more new bioenergy and oil turn into non-competitive. Gateway pipeline is a huge investment for the oil company and difficult to cover the cost in the future.
The reason is the marginal contribution of export crude oil will decrease. In the long term, oil price will decrease. Since there will be more new bioenergy and oil turn into non-competitive.