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Canada Builds $300 Million Highway To Nowhere, But Is There A Hidden Agenda?
Canada Builds $300 Million Highway To Nowhere, But Is There A Hidden Agenda?
A new $300-million first of its kind ‘permanent’ highway will officially open in the Northwest Territories of Canada on Wednesday.
This will be the first time in Canada’s history that the national highway system will be linked to all coasts. The completion of the four-year project is said to connect the tiny Arctic coastal town of Tuktoyaktuk with the rest of the communities to provide better transportation for residents.
We think there could be another reason why Canada would build a highway to nowhere.
As explained by one citizen in the video below, the new route is called ‘road to resources’, it’s where major reserves of oil and gas reside, and at one time inaccessible due to poor infrastructure.
The all-season 137-kilometer highway is the first of its kind that connects Inuvik to Hamlet of Tuktoyaktuk. The traditional route to Tuktoyaktuk involved ice roads in the winter, but as the seasons changed those roads were inaccessible. In the summer, the only way to travel north was by plane, which made it difficult to transport goods. The new road will be a game changer and its size indicates heavy machinery can be transported north, such as oil and gas platforms.
Darrel Nasogaluak, mayor of the Northwest Territories hamlet of Tuktoyaktuk, said the permanent road is “something that’s been on the community’s want list for 40 years.” Nasogaluak might want to take back that statement in a few years, as what we expect the Canadian government could flood the region with oil and gas exploration teams.
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Busting The “Canadian Bakken” Myth
Busting The “Canadian Bakken” Myth
The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana.
The report by Canada’s National Energy Board (NEB) evaluated, for the first time, the volume of oil in place for the Canol and Bluefish shale formations, located in the territory’s Mackenzie Plain. It found the “thick and geographically extensive” Canol formation is expected to contain 145 billion barrels of oil, while the “much thinner” Bluefish shale contains 46 billion barrels.
Related: More OPEC Oil Coming When Iranian Sanctions Removed
The report did not estimate the amount of recoverable oil, but points out that even if one percent of the Canol resource could be recovered, that represents 1.45 billion barrels. The calculation immediately had reporters comparing Canol and Bluefish to the Bakken, where the latest USGS estimate shows 7.4 billion barrels of technically recoverable oil (this includes the Three Forks Formation underlying the Williston Basin straddling North Dakota, Montana, Saskatchewan and Manitoba).
“Northwest Territories sitting on massive shale oil reserves on par with booming Bakken field in U.S.,” enthused the Financial Post. “NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News, referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean.
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