The biggest energy story of the year?
The rapacious , making untold record profits each quarter has decided it likely won’t build the new gas pipeline from the out of the North West Territories and through Alberta to the US. The nominal reason for the halt is the rising cost of steel pipe. Uh huh, right, ya, just take a look at the market it is intended for and the desperation they have for LNG and I think a new reason arises - . Prices are all about shortages whether they are naturally occurring or manufactured shortages. led the way in this with it’s manufactured shortages via “maintenance down time” etc in California power generation. All ExxonMobil is doing here is making the US market hurt even more so they can arrange long term contracts at exorbitant rates. Oh I’m sure Foreign Policy’s comment that they are trying to put the squeeze on the Canadian government as well for subsidies to build the pipeline are true to. The CDN government should tell them to go take a hike and pull a on the energy sector.
