SAINT JOHN, N.B.- The prospects of Alberta crude making it’s way south of the border this week took a big step forward with word a new route for the Keystone XL pipeline had been approved in Nebraska.
New Brunswick Southwest MP John Williamson was one of the first politicians to promote the possibility of a west-east pipeline to the Irving Oil Refinery in Saint John.
Williamson doesn’t think the chances of that happening have been diminished. “There is such a glut of oil in Alberta that is looking for markets around the world”, says Williamson. “But even if it is green-lighted that is good news for this country”
Williamson says right now the discount that Alberta crude is selling for reached 42-dollars per barrel earlier this month.
Alberta Premier Allison Redford has warned of multi-billion dollar revenue shortfalls because of what she calls a bitumen bubble.