More than two decades later, Enbridge reversed the flow as a glut - TopicsExpress

More than two decades later, Enbridge reversed the flow as a glut in overseas markets led to lower prices. Foreign oil has been glugging down Line 9 from Montreal to Sarnia ever since. But North America is in the midst of another oil boom, with Alberta’s oil sands and North Dakota’s Bakken region alone producing nearly 2.7 million barrels per day in 2012. There aren’t enough pipelines to move it all to market. And, because North American product is selling for less than the oil that comes from overseas, Quebec refineries are eager to get their hands on the cheaper supply. So, Enbridge wants to turn the oil tides again, reversing Line 9 to flow eastward, carrying hundreds of thousands of barrels a day across Ontario to Montreal. Canada’s federal pipeline regulator, the National Energy Board, already approved the direction change of Line 9 between Sarnia, Ont., and North Westover, north of Hamilton, in 2012. thestar/projects/pipeline_journey.html

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