Potential SHTF event if Line 5 gets shut down on May 12th
50% of Ontario and 45% of Quebec’s fuel supply will vanish in an instant, if Enbridge’s Line 5 gets shutdown on May 12th. Pay close attention to this one folks.
“The pipeline carries petroleum east from Western Canada. Once it hits Ontario, most of the crude oil is turned into fuels that meet almost 50 per cent of the province’s fuel demands. The remainder of the supply is sent on to Quebec refineries through Line 9, where it provides 40 to 50 per cent of that province’s fuel supply. ”
“Much of the jet fuel produced at Pearson International Airport in Toronto is made with crude supplied by the pipeline. Enbridge, which owns Line 5, says that Ontario's fuel supply would be cut in half if the pipeline is shut down. But its closure would not only affect Quebec and Ontario.
Enbridge says shutting down the pipeline would also harm Michigan, which gets 55 per cent of its propane needs from the more than 540,000 barrels of light crude oil, light synthetic crude and natural gas liquids that travel through Line 5 before being refined into propane in the state.
Enbridge senior vice president Mike Fernandez said that he's also confident the pipeline will continue to operate beyond May 12, but the passing of the deadline will likely prompt protests from anti-pipeline activists.”
So, in other words, when that pipeline gets shutdown, shit will go down. It will do a domino effect. Price of fuel will go up, supply chain will be pushed to the breaking point, and hyper inflation will certainly hit new heights.
If you can, pray that it doesn’t get shut down. Otherwise, we’re in for a wild ride.
Out.
JP
Read this one from the Narwhal.