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Canada needs more oil pipes after Trans Mountain, Tamarack says
The expansion of Canada’s Trans Mountain oil pipeline is nearly ready for action after years of delays and billions of dollars in cost overruns. But Tamarack Valley Energy Ltd. Chief Executive Officer Brian Schmidt sees a need for even more export capacity in the long run as drillers ramp up output from newer fields like the Clearwater play his company specializes in. The expanded Trans Mountain line — scheduled to start commercial operations in less than two weeks — protects Alberta’s growing heavy-oil production from the steeper discounts it would have sold at had it needed to move on rail, Schmidt said in ... (full story)