The Wall Street Journal (www.wsj.com) reported May 31 ("Boom in Alberta Oil Sands Fuels Pipeline Dreams" by Tamsin Carlisle) that the Alberta Oil Sands development is gearing up with new pipeline projects to facilitate the movement of to the Pacific Coast. Geostrategic decisions are being made for Canadian foreign policy by the manner in which Canadian energy companies negotiate with China. The structure of Canada-China relations in 2015 will reflect the networks being established today, in terms of infrastructure being built to facilitate Pacific Coast exports, in terms of the growth of Canadian oil services companies, in terms of Chinese ownership and investment in Canadian oil production companies. Canada is an energy superpower, and the strength of the national economy and the Canadian dollar reflects that directly. The good news is that the strategic savvy of the Canadian oil community is structuring a very positive story line. The less good news is that the importance of this as a national opportunity is still less than front page news in Ottawa. For Central Canadians climbing a political learning curve, the reports available from www.arcfinancial.com , the essential piece by ARC Director of Research, Peter Tertzakian in the Globe and Simon Romero's reporting for the New York Times in December 2004 are important starting points.
Petroleum News: http://www.petroleumnews.com/pntruncate/265087775.shtml
Peter Tertzakian: http://www.globeinvestor.com/servlet/ArticleNews/story/GAM/20050528/ROILCOVERTERTZ28
Simon Romero: http://www.iht.com/articles/2004/12/23/business/chioil.html