The energy bridge to China
theglobeandmail.com
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They are the scouts of a new frontier, slipping beneath the Lions Gate Bridge. Few notice, and even fewer understand their importance.
But the growing numbers of crude tankers steaming past Vancouver to the Pacific are quietly rewriting the politics and economics of Canadian energy. Their destination: China, land of mounting energy thirst and growing energy might.
The first vessel, loaded with Alberta crude, set sail roughly half-a-decade ago. Ever since, the numbers have steadily risen. In 2008, about four ships steamed across the Pacific. Last year, China-bound traffic doubled. This year, a vessel a month, each one carrying roughly 600,000 barrels of crude, will head out from Vancouver, en route to Asia.
..consider it the first dribble from a faucet that is set to turn wide open
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Submitted
Jul 25, 2010
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