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CNBC: Enbridge CEO Al Monaco said the company has $15 billion in hand to put into pipeline expansion.
The boom in U.S. and Canadian oil production has resulted in more oil than can be pumped through existing pipelines, and Enbridge has actively been working to help provide a network that would take crude to the coasts. The U.S. was ill prepared for the mid-continent boom since oil traditionally went inward from the coasts to the center of the country, he said.
Monaco expects a regulatory decision......
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Enbridge CEO Says Ready to Spend to Expand U.S. Pipeline Network
Posted by CNBC: Patti Domm on March 7th, 2013
Posted in Water Conservation