There was no shortage of pipeline haters scattered across these threads in the last year absolutely certain that oil would likely never rise above $50 a barrel again. This of course was to make their case that the oil sands were not profitable when in fact Suncor and husky are putting a barrel of refined western Canada select out fully refined for about $20 a barrel.

There are several takeaways from this, one being that nobody not even David Suzuki and Jeffrey Rubin can predict the price of oil. The other of course Canadian oil sands companies are in fact extremely Innovative. They can make money at $35 a barrel no problem and with oil rising in any other situation they are profoundly profitable.  The tragedy of losing the energy East Pipeline with the opportunity to expand and build-out upgrading facilities at the Irving refinery is a loss we will suffer for years