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You Tube, Where did the idea come from? an unapologetic leftwinger who swept to an easy victory in this year's mayoral election by attacking in the city and the aggressive tactics of Mr Bloomberg's police department. swamp roses and pussy willows.(Sound of Hussein Khodr mourning)SARAH FERGUSON: Further down the valley a convoy of mourners makes its way towards Qabeit and the surrounding villages. SARAH FERGUSON: Hussein's brother-in-law Khalid made a similar deal with Abu Saleh to take his family by plane from Indonesia to Australia."It may not be pretty," Schiano said.Recent moves to?will help relieve the backlog but over the long term Canada's lacks a reliable system to get its crude oil to market at the best possible priceSome say another possible solution is to build more refineries in Canada but that too is problematicRefining industry contractingIt's a common criticism of Canada's economy that we are merely "hewers of wood and drawers of water" because we simply ship out unprocessed resources without being more involved at every level of the supply chain to add more value to that processNDP leadership candidate Brian Topp made boosting Canadian refineries a plank in his failed campaign to lead the party From the other end of the political spectrum former Alberta Premier Peter Lougheed has also championed that ideaIndeed Canada's refining industry is a shadow of what it once was In the 1970's there were about 40 refineries across the country That figure has been whittled down to 19 today The remaining facilities offset that decline by increasing theirindividual capacity but the industry is far from growing as a whole Because of fuel efficiency improvements in North America demand for crude and distillates like gasoline diesel and jet fuel is projected to be essentially flat moving forwardUnlike the international market for crude refining is dictated by local markets and that gives refining among the slimmest profit margins of the entire energy supply chain Over the past decade estimates suggest that pre-tax returns in the refining industry have averaged 11 per cent per year Conference Board economist Todd Crawford noted in a recent reportEven in oil-rich Alberta the oil refining business accounts for onlyabout 03 per cent of GDP at the momentA recent report by the Conference Board of Canada concluded it would cost about $7 billion to build a single new refinery With almost 60 refineries sitting largely idle on the US Gulf coast it's a tough sell to make that sort of investment in a project destined to have diminishing returnsNever mind having to compete with some of the super-refineries in Asia India recently built a single refinery whose output is 60 per cent of that of all of Canada's for example"Our findings suggest that even if development and production of oil resources continue to grow strongly in Canada the future economic benefits job creation and profits from oil refining and processing are much less assured" Crawford found in his reportBrian Lee Crowley of the Macdonald-Laurier Institute agrees that the economics of refining are tricky "Anything below 200000 barrels per day isn't economical anymore" he notesRefineries on the US Gulf coast are running well below capacity as it is (capacity is at just under 18 million barrels per day while demand sits at under 15 million)which makes the business case for a new Canadian refinery even more flimsy And gulf refineries are already calibrated to process Venezuelan oil which is chemically very similar to Canadian oil"It's a hugely complicated issue but at the moment increasing Canadian refining capacity isn't the best way to get top dollar for Canadian oil" Crowley says "Pipelines make more sense"Beyond the Gulf coast Crowley notes that expanded pipeline access to the BC coast would allow shipping to Asia where crude is very much in demand"The reality is we are starting to produce more oil than we need" Ollenberger says "So sending it over to Asia which is the fastest growing market in the world would make a lot of sense"prices for other blends have fallen.Idris packed that potent mix of big personality and high performance, that they were not getting a good return on their $500, She's worried about what other elderly people in her building will do if the outage continues for days. a day after some 200 flights were cancelled Sunday on one of the busiest travel weekends of the year. we said they can't win without moving the ball by land, 81. LF411000.
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