The Federal Minister of Natural Resources is in favour of a west to east oil pipeline, saying it’s in Canada’s national interests.
Joe Oliver, speaking at the Irving Oil Refinery today, says a pipeline to Saint John would provide cheaper crude oil and the port is a critical hub for oil, gas and other resource products.
According to Oliver, 99% of Canadian crude oil exports and 100% of natural gas goes to the United States but we need to diversify our markets by exporting to new locations.The U.S. reportedly will be self sufficient in oil and natural gas production by 2020.
Oliver says Saint John is the perfect supply route for countries like India and this will create employment.
