Typeing3 wrote:If we actually refined the raw bitumen first in Alberta or added a new refinery here, that could have a huge effect on prices.
From what I've heard and read over the years about this is mind-boggling. We ship most of our raw bitumen to refineries in the USA and most of the refined oil that we then buy from them - for extravagantly high prices - can actually be sourced back to Alberta. The article you linked actually mentions this as well.
The fact is, no refinery will ever be built in Canada again away from the coast. It would cost 20 billion to build one in Alberta, and that's well beyond what anyone is willing to pay. By contrast, they could build one in Kitimat for half that because large segments could be constructed overseas and shipped across, BUT the American eco-nuts who funded the campaign to shut down Northern Gateway would never let that happen.
In addition to the extra cost of building a refinery, we already refine more oil in Canada than we use, so refining even more would have to be exported, and the only economic way to do that is by sea. In other words, we are a net EXPORTER of refined oil! So any new refinery would have to be on the coast, and since the Lower Mainland is very busy and built, up, that leaves northern BC as the only viable options.