Shipping oil from Burnaby to Brunei.

[Snagglefoot]

Remember Brunei? It’s a small country near Malaysia run by a Sultan. It recently went through an economic development with a new 175,000 bbl per day refinery. The country produces 86,000 bbls of oil and imports the rest for refining and export.

Now, what about Burnaby? It’s a city near Vancouver where the TMX ( Trans Mountain Pipeline) loads tankers. Currently, a load of crude oil from the TMX is headed to Brunei for refining.

Shipping oil to Brunei is like selling sand to the Saudis.

Funny how things change.

 

[Danno]

As long as someone is willing to pay cost of crude at port, and shipping cost, I say gooooooooo......!!!!
Who also would have thought that US would be the world's top crude producer 10 years ago.

 

[4WD]

As long as someone is willing to pay cost of crude at port, and shipping cost, I say gooooooooo......!!!!
Who also would have thought that US would be the world's top crude producer 10 years ago.

Only takes one policy change and that’s over with quickly …

 

[Danno]

Only takes one policy change and that’s over with quickly …

So true.