LETTER: Canada is not getting full value for its oil


Once again, we are hearing about protesters on our streets and blocking access to key facilities such as BC Ferries and, generally speaking, interrupting our lives.

The most recent protests revolve around pipeline projects – both natural gas and oil.

Currently, all Canadian oil finishes up in the U.S., where the current price of a barrel is C$45.96 a barrel compared to U.S. oil, which is C$78.47 – a difference of $32.51 a barrel, the reason being that because we have no means of getting our oil to a port, all Canadian oil is shipped to the U.S.

Canada produces 5.27 million barrels a day.

Just imagine if we could get our oil to world markets and be paid the full U.S. price – Canada would have an additional $62.53 billion injected into our economy each year.

Those opposed to shipping oil from B.C. and who predict spills and related catastrophic events are not supported by the facts.

Each year, more than 850 oil tankers transit from Alaska south to U.S. waters, with 450 entering Juan de Fuca Strait, within five nautical miles of Vancouver Island.

These tankers transit both the Gulf and San Juan Islands to and from oil refineries in Canada and Washington state.

In fact, 110 million cubic metres of oil moves through B.C. waters by tanker, 42 million cubic metres in the bunker tanks of container and bulk-cargo ships, and 48 million cubic metres by barge and tug.

Have you ever wondered who organizes these protests and where the financial support comes from and who is manipulating their mindset?

The majority of the funding originates in the U.S., from organizations such as the Gordon and Betty Moore Foundation and the Rockefeller Brothers Foundation; rather ironic since the Rockefeller fortune originated from J. D. Rockefeller who made his fortune from oil.

If you are interested in learning the facts behind the funding from these protesters I would suggest you watch a documentary called Over a Barrel created by Vancouver Researcher Vivian Krause, it is a real eye-opener.

Ken Harrap, Surrey

Letter to the Editor

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Man pleads guilty to stabbing woman, off-duty cop outside North Delta elementary school

The suspect, whose name is under a publication ban, faced 10 charges in relation to this incident

Surrey RCMP boss Brian Edwards on moving forward, and what keeps him awake at night

Edwards spoke with Now-Leader reporter Tom Zytaruk about what he’s learning and hopes to accomplish as Surrey’s top cop

PHOTOS: Cloverdale’s Coldest Night of the Year charity walk raises $125K

Annual event sees more than 500 walkers take part

All-Surrey battle for South Fraser boys basketball title

At Tamanawis, the top four teams will go to provincials

Hopes are for ‘focus on Surrey investments’ when Horgan speaks in March

Luncheon at golf course planned by Surrey Board of Trade

VIDEO: Illicit drug overdoses killed 981 in B.C. in 2019, down 38%

Chief coroner says figures were down about a third in the province’s fourth year of the opioid crisis

UPDATE: Protesters dismantle blockade on Maple Ridge tracks

West Coast Express train service is expected to run again Tuesday morning

VIDEO: B.C.’s seventh coronavirus patient at home in Fraser Health region

Canada in ‘containment’ as COVID-19 spreads in other countries

Motorists were ‘driving like their own Indy 500’ before fatal Abbotsford crash, court hears

Family member declares defence request for 90-day jail sentence a ‘joke’

B.C. takes over another Retirement Concepts senior care home

Summerland facility latest to have administrator appointed

RCMP pull office from Wet’suwet’en territory, but hereditary chiefs still want patrols to end

Chief says temporary closure of field office not enough as Coastal GasLink pipeline dispute drags on

Prescription opioids getting B.C. addicts off ‘poisoned’ street drugs

Minister Judy Darcy says Abbotsford pilot project working

Royals, Elvis, Captain Cook: Hundreds of wax figures find new life in B.C. man’s home

Former director of Victoria’s Royal London Wax Museum still hopes to revive wax figure tourism

Teck CEO says Frontier withdrawal a result of tensions over climate, reconciliation

Don Lindsay speaks at mining conference, a day after announcing suspension of oilsands project

Most Read

l -->