Wall Street Journal looks, wrongly, at Trans Mountain Expansion Pipeline and its impacts

Sep 27, 2024

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The Wall Street Journal takes a look at the Trans Mountain Expansion Pipeline.

There are some things it clearly gets wrong, even in the first 10 seconds. It says 98 per cent of our crude oil is shipped to the U.S. That is patently false. Until the opening of the pipeline, that number was correct with respect to the fraction of our exports that went to the U.S. But the WSJ implies that we only use two per cent of our crude production domestically. That’s patently false. The Regina refinery, alone, uses around 120,000 bpd, more than two per cent of Canadian daily production.

And if the world is moving away from oil, as is implied, why is global demand and production increasing every year?

All the dollar figures given are in US dollars, which is why it’s listed as a $25 billion pipeline instead of over $30 billion CAD.

However, it is good to look at what is being said, from an American perspective, even if its wrong. What do you think?

 

 

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