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Valero Plans 100,000 Barrel-a-Day Quebec Pipeline

Bloomberg -- Valero Energy Corp. plans to build a 100,000-barrel-a-day pipeline between its refinery near Quebec City and a fuel storage site on the island of Montreal, the company said.

The line will help the refinery meet fuel needs in the Montreal market, according to Louis Forget, a company spokesman. Construction will probably begin in the late summer or early fall, he said. Valero ships 45,000 to 50,000 barrels a day of fuels from its Quebec refinery by train and vessel to Montreal. The company also imports some fuels to meet demand, said Forget.

The planned pipeline could be expanded to transport 170,000 barrels a day of gasoline and distillate fuels with additional pumps, Forget said. There are no plans to expand the 265,000- barrel-a-day refinery, he said.

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Submitted Mar 12, 2010 By: ziyulu

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dopster Champion Author Toledo Posts:4,779 Points:1,824,575 Joined:Aug 2004	Message Posted: Mar 12, 2010 9:17:44 AM Ignore dopster Report Abuse Higher demand........higher supply capability.
zimowski Champion Author San Jose Posts:4,315 Points:1,118,685 Joined:Nov 2007	Message Posted: Mar 12, 2010 9:16:53 AM Ignore zimowski Report Abuse Go Quebec... put the pedal to the metal!
Don20 Champion Author Oklahoma City Posts:7,287 Points:2,152,095 Joined:Mar 2005	Message Posted: Mar 12, 2010 9:15:05 AM Ignore Don20 Report Abuse This only normal business, supply the demand..
POPSAZ All-Star Author Arizona Posts:683 Points:424,300 Joined:Feb 2009	Message Posted: Mar 12, 2010 9:08:17 AM Ignore POPSAZ Report Abuse Good.
Buffalo Joe Champion Author Alberta Posts:7,443 Points:2,074,150 Joined:Feb 2003	Message Posted: Mar 12, 2010 9:04:48 AM Ignore Buffalo Joe Report Abuse Good for Quebec.
CptnCanada Champion Author Saskatoon Posts:5,038 Points:665,950 Joined:Jun 2008	Message Posted: Mar 12, 2010 9:04:33 AM Ignore CptnCanada Report Abuse It's strange that I can buy Canadian fuel here in California cheaper than I can buy it for at home in Canada.
206awd250 Champion Author Seattle Posts:1,260 Points:521,055 Joined:Nov 2008	Message Posted: Mar 12, 2010 9:03:13 AM Ignore 206awd250 Report Abuse well good for Canada but any help for the U.S.?
cnet1 Champion Author Arizona Posts:1,955 Points:515,150 Joined:Nov 2008	Message Posted: Mar 12, 2010 9:00:31 AM Ignore cnet1 Report Abuse good i suppose, it is for canada after all . . .
DarthDadJr Champion Author Virginia Posts:5,529 Points:1,120,185 Joined:Jul 2008	Message Posted: Mar 12, 2010 9:00:24 AM Ignore DarthDadJr Report Abuse Nice for Canada...doesn't mean much for the US...unless you own Valero stock.
ModelWarships Champion Author Missouri Posts:4,220 Points:918,180 Joined:Jul 2008	Message Posted: Mar 12, 2010 8:59:57 AM Ignore ModelWarships Report Abuse yaaaaaah
humblepie Champion Author Toledo Posts:13,621 Points:1,904,470 Joined:Mar 2006	Message Posted: Mar 12, 2010 8:59:13 AM Ignore humblepie Report Abuse good on quebec eh ?
VetteBlue Champion Author San Jose Posts:7,690 Points:1,541,935 Joined:Jan 2007	Message Posted: Mar 12, 2010 8:59:02 AM Ignore VetteBlue Report Abuse Good news for Montreal
t_flor Champion Author Illinois Posts:2,195 Points:720,890 Joined:Jul 2008	Message Posted: Mar 12, 2010 8:59:00 AM Ignore t_flor Report Abuse Won't mean anything to the price at the pump
EXTREMESNOW Champion Author Medford Posts:7,047 Points:1,452,490 Joined:Jul 2006	Message Posted: Mar 12, 2010 8:57:49 AM Ignore EXTREMESNOW Report Abuse Go Canada!
thirstyauto Champion Author Milwaukee Posts:10,593 Points:1,151,720 Joined:Nov 2008	Message Posted: Mar 12, 2010 8:57:45 AM Ignore thirstyauto Report Abuse This can only help meet the fuel needs if they have oil to pump through it!
BillHeatherL Champion Author Alberta Posts:5,324 Points:1,477,330 Joined:Apr 2007	Message Posted: Mar 12, 2010 8:55:58 AM Ignore BillHeatherL Report Abuse more jobs being created
rasprout Champion Author Tacoma Posts:2,610 Points:832,980 Joined:Jun 2009	Message Posted: Mar 12, 2010 8:54:41 AM Ignore rasprout Report Abuse A Win for Canadians... Cool
thriftymeCA Sophomore Author Oakland Posts:127 Points:31,075 Joined:Feb 2010	Message Posted: Mar 12, 2010 8:54:34 AM Ignore thriftymeCA Report Abuse Environmentalists will be all over this.
QueenMother Champion Author New Hampshire Posts:5,184 Points:1,703,265 Joined:May 2006	Message Posted: Mar 12, 2010 8:54:34 AM Ignore QueenMother Report Abuse Good news for them.
NashGas Champion Author Nashville Posts:2,136 Points:444,520 Joined:Dec 2009	Message Posted: Mar 12, 2010 8:53:58 AM Ignore NashGas Report Abuse Nice
tazdriver Champion Author Huntsville Posts:4,913 Points:1,556,895 Joined:Jan 2007	Message Posted: Mar 12, 2010 8:52:48 AM Ignore tazdriver Report Abuse We need pipelines crossing the US
ByGuy Champion Author Dallas Posts:5,649 Points:1,268,330 Joined:Nov 2005	Message Posted: Mar 12, 2010 8:52:20 AM Ignore ByGuy Report Abuse I am for more production and supply increases!
grandmacbc Champion Author Buffalo Posts:4,260 Points:998,315 Joined:Oct 2008	Message Posted: Mar 12, 2010 8:51:24 AM Ignore grandmacbc Report Abuse It would be great if they also moved further west to Ontario/Welland and Buffalo. Maybe our prices in this corner of the state would be more in line with the rest of the Great Lakes.
357revo Champion Author Pittsburgh Posts:15,086 Points:1,920,315 Joined:Sep 2006	Message Posted: Mar 12, 2010 8:50:20 AM Ignore 357revo Report Abuse A stationary pipeline is a lot safer for the environment than constantly shipping liquid fuel via train and truck. There's less traffic pressure on the roads, less potential for catastrophic releases during accidents, and less opportunity for minor leaks in populated areas. Also, less potential for vapor releases from tank trucks or railcars. Once built, transportation costs are also going to be lower, AND less subject to inclement weather.
gasman50 Champion Author Portland Posts:6,500 Points:1,945,520 Joined:Nov 2005	Message Posted: Mar 12, 2010 8:49:17 AM Ignore gasman50 Report Abuse Hope it works out for them
ampinoy13 Champion Author Oregon Posts:30,888 Points:2,203,795 Joined:Jul 2004	Message Posted: Mar 12, 2010 8:48:11 AM Ignore ampinoy13 Report Abuse Cool.
abcdMA Champion Author Worcester Posts:5,619 Points:1,114,250 Joined:Nov 2008	Message Posted: Mar 12, 2010 8:48:01 AM Ignore abcdMA Report Abuse more supply is always good
stadlgi Champion Author Akron Posts:2,071 Points:1,293,560 Joined:Jun 2004	Message Posted: Mar 12, 2010 8:46:39 AM Ignore stadlgi Report Abuse Right On, Quebec! Vive liberte!
Diesel_Ram Champion Author Dallas Posts:4,217 Points:1,054,230 Joined:Jan 2009	Message Posted: Mar 12, 2010 8:46:31 AM Ignore Diesel_Ram Report Abuse I like to hear that kind of news.
Jizme Champion Author Lincoln Posts:7,514 Points:2,438,795 Joined:Oct 2004	Message Posted: Mar 12, 2010 8:44:06 AM Ignore Jizme Report Abuse You Go Girls!!
ifallsguy Champion Author Minnesota Posts:4,420 Points:1,212,705 Joined:Apr 2007	Message Posted: Mar 12, 2010 8:43:19 AM Ignore ifallsguy Report Abuse wait until the spokesman forgets to mention the rise in prices to get the work down.
Wizrd03 Champion Author Illinois Posts:5,776 Points:1,166,185 Joined:Oct 2008	Message Posted: Mar 12, 2010 8:43:00 AM Ignore Wizrd03 Report Abuse The pipe line wioll reduce transportation costs of getting product to Montreal, thus increasing profits. Nothing is being done to increase capacity so prices will probably go up.
BlueVanGroup Champion Author Colorado Posts:4,781 Points:1,069,325 Joined:May 2008	Message Posted: Mar 12, 2010 8:41:11 AM Ignore BlueVanGroup Report Abuse Energy investment--in North America. Yay!
tml721 Champion Author Columbus Posts:10,030 Points:1,927,615 Joined:Jul 2005	Message Posted: Mar 12, 2010 8:39:31 AM Ignore tml721 Report Abuse Wel its a start. I hope this expands when they see the actual good it does.
mvosevich Champion Author St. Louis Posts:5,453 Points:1,108,165 Joined:Aug 2004	Message Posted: Mar 12, 2010 8:39:14 AM Ignore mvosevich Report Abuse Oh Can-a-da.
k2kipp Champion Author Minnesota Posts:1,179 Points:746,110 Joined:Sep 2005	Message Posted: Mar 12, 2010 8:38:10 AM Ignore k2kipp Report Abuse Go Canada!
saveongasNC Champion Author North Carolina Posts:4,407 Points:1,094,015 Joined:Aug 2008	Message Posted: Mar 12, 2010 8:36:21 AM Ignore saveongasNC Report Abuse Sounds good!
MahopacJack Champion Author New York Posts:5,900 Points:1,181,550 Joined:Feb 2008	Message Posted: Mar 12, 2010 8:36:11 AM Ignore MahopacJack Report Abuse This will help supply and in turn help keep prices low.
mysub Champion Author Las Vegas Posts:6,877 Points:1,875,115 Joined:Apr 2006	Message Posted: Mar 12, 2010 8:36:09 AM Ignore mysub Report Abuse Go Canada
DustyHorse Champion Author Virginia Posts:4,016 Points:978,340 Joined:Oct 2008	Message Posted: Mar 12, 2010 8:36:06 AM Ignore DustyHorse Report Abuse Pipelines are much safer and fuel efficient than trucking.
klatu2u All-Star Author New Jersey Posts:831 Points:197,500 Joined:Jun 2009	Message Posted: Mar 12, 2010 8:34:31 AM Ignore klatu2u Report Abuse Keep those jobs coming....
civicdutie Champion Author Rochester Posts:3,010 Points:611,275 Joined:Nov 2008	Message Posted: Mar 12, 2010 8:34:25 AM Ignore civicdutie Report Abuse Awesome. Now we need new storage to put all this oil in, for a time somewhere in the future when we make it out of this recession. [Edited by: civicdutie at 3/12/2010 9:35:35 AM EST]
milespergallon Champion Author Illinois Posts:7,493 Points:1,479,290 Joined:Feb 2007	Message Posted: Mar 12, 2010 8:34:16 AM Ignore milespergallon Report Abuse Aren't these the same ones saying they had to close down refineries because there was not enough profit? LOL. (In this case this means lies on lies!)
CharlieC08 Champion Author Colorado Posts:6,378 Points:1,151,175 Joined:Oct 2008	Message Posted: Mar 12, 2010 8:34:08 AM Ignore CharlieC08 Report Abuse Pipelines are the way to go.
nozzle46 Champion Author Little Rock Posts:4,867 Points:1,095,850 Joined:Jul 2006	Message Posted: Mar 12, 2010 8:31:45 AM Ignore nozzle46 Report Abuse There must be a cost advantage to spend all that money for a pipeline when the trucks/trains are already in place.
AC-302 Champion Author Los Angeles Posts:21,253 Points:2,450,715 Joined:Aug 2004	Message Posted: Mar 12, 2010 8:31:26 AM Ignore AC-302 Report Abuse I though Valero Energy was primarily a refiner and marketer of petroleum products, not so much a producer? (downstream..)
Dale Jr. Champion Author Illinois Posts:13,868 Points:2,770,050 Joined:May 2004	Message Posted: Mar 12, 2010 8:29:40 AM Ignore Dale Jr. Report Abuse The Canadians better check to see if Valero has the money since they paid their CEO 10 million dollars in compensation.
JohnRodesJunkie Veteran Author Florida Posts:253 Points:452,140 Joined:Jun 2008	Message Posted: Mar 12, 2010 8:28:14 AM Ignore JohnRodesJunkie Report Abuse Go Canada!
72_Monte Champion Author Twin Cities Posts:5,428 Points:1,531,205 Joined:Aug 2005	Message Posted: Mar 12, 2010 8:25:58 AM Ignore 72_Monte Report Abuse Mainlining it right to their tank.
Yonkers111 Champion Author Scranton Posts:7,437 Points:720,240 Joined:Apr 2007	Message Posted: Mar 12, 2010 8:25:46 AM Ignore Yonkers111 Report Abuse Hope Valero has this figured out.