Asia is Where It’s at for Canadian Oil Exports: Report
From Sun News
OTTAWA – New research indicates Canada’s economic growth requires finding some way to export oil to Asia, instead of just to the US – almost the only market for Canadian energy right now.
“Perhaps the greatest frustration for Canadian producers is the lack of access to the tidal water in order to reach fast growing Asian markets,” concludes the Macdonald-Laurier Institute in a report released Tuesday.
Report co-author Stefania Bartucci said that means Alberta’s oilsands crude has to get on Asia-bound oil tankers, likely on the West Coast.
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