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Brandon Sun By: James McCarten, The Canadian Press Posted:
WASHINGTON - The fierce debate over cross-border pipelines is putting more Canadian oil and gas on trains destined for the United States a country experts fear is ill-equipped for the potential consequences.
Rail cars wait for pickup in Winnipeg, Sunday, March 23, 2014. The fierce debate over cross-border pipelines is putting more Canadian oil and gas on trains destined for the United States a country experts fear is ill-equipped for the potential consequences. THE CANADIAN PRESS/John Woods
WASHINGTON - The fierce debate over cross-border pipelines is putting more Canadian oil and gas on trains destined for the United States a country experts fear is ill-equipped for the potential consequences.
iPolitics By iPolitics. Published on Mar 8, 2021 11:39am
The Lead
Oil prices have slipped after climbing above US$70 a barrel for the first time since the start of the COVID-19 pandemic. The fall comes after attacks from Yemen’s Houthi forces on Saudi Arabia’s Ras Tanura oil site, Reuters reports.
“There are no reports of lasting damage or disruptions to oil flows … today’s risk premium will soon fade,” said Norbert Rucker, analyst at Swiss bank Julius Baer.
The attack occurred Sunday, just days after the Organization of the Petroleum Exporting Countries’ (OPEC) decision to continue with output cuts despite rising crude prices.