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Pipe Dreams – An Index

Taxpayer expense to build Canada’s latest major oil pipeline, Trans Mountain, in billions of dollars: 35.6

Upper range of estimated cost to build a new Alberta-BC oil pipeline, in billions of dollars: 50

Reported maximum capacity being discussed for a new pipeline, in barrels per day: 1,000,000

Current projected maximum output growth of Canadian oilsands by the end of the decade, in barrels per day: 400,000 

Shortfall, in barrels per day: 600,000

Total capital expenditures required by companies on oil sands production growth to fill a new pipeline, in billions of dollars: 100 

Annual capital expenditures currently spent on oil sands production growth, in billions of dollars: 2

The number of years it would take to supply oil for a new pipeline at the current rate of capital expenditures: 50 

Number of years until global oil demand peaks, according to Wood Mackenzie: 7

The number of years it took to build the Trans Mountain Pipeline expansion: 12

Current price of a barrel Western Texas Intermediate (WTI) crude oil, a common benchmark, in US dollars: 59

Rystad’s estimate of average breakeven cost to produce a barrel of oil from a new oil sands project, in US dollars: 57

Current price-cost difference, in dollars per barrel: 2

Rystad’s estimate for new Middle East production, in US dollars: 27

Current price-cost difference, in dollars per barrel: 32

Enervus’ estimate of minimum oil price necessary for new steam injection oil sands projects to be viable, in US dollars: 80

Current price-cost difference, in dollars per barrel: -23

Canada Energy Regulator’s projected WTI price in 2050 under a moderate-transition scenario, in US dollars: 60

Potential price-cost difference, for new oil sands oil, dollars per barrel: 3

Year that global sales of internal combustion vehicles peaked globally: 2017

Number of vehicles that the electric car company BYD’s record-breaking delivery ship Shenzhen can carry at once: 9,200 

Number of vehicles that BYD’s shipping fleet can now deliver, annually: 1,000,000

Retail price today of BYD Atto 1 electric four seat compact hatchback in Australia, in Australian dollars: 23,990

Barrels per day of oil displaced by electric vehicles globally in 2024: 1.3 million

Projected barrels per day of oil displaced by electric vehicles globally by 2030: 5 million

Number of global oil majors remaining in Canada’s oil sands after Chevron’s withdrawal in 2024: 1

Number of jobs that Imperial Oil – majority owned by the last global oil major, Exxon – will cut in Canada: 900

Number of times per day the Carney government met oil and gas lobbyists in the first three months of its mandate: 3

Number of times that Prime Minister Carney or Natural Resources Minister Hodgson – both former investment bankers – has called for an economic feasibility study for a new oil pipeline: 0

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