Austin: With the delay in Keystone XL, will attention now shift to the Northern Gateway?

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21 November, 2011

By: Jack Austin

Former Senator from British Columbia, special advisor to Stern Partners Inc

Prime Minister Harper has sent a kite flying to see if the key players in the oil patch will follow with kites of their own.
The initial response is to hug the US market even more closely. No surprise. The Asia market which pays the world reference price for oil – not the much lower price paid by the US which treats Canadian oil as US domestic production – will come to be a priority eventually but the time is not yet.

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