The Globe and Mail reports in its Thursday edition that the expanded Trans Mountain oil pipeline system marked its official start date on May 1. The Globe's Emma Graney writes that Cenovus Energy chief executive officer Jon McKenzie said on Wednesday, "The people of Canada are going to see the benefit for a long period of time, in terms of increased taxes and royalties and the like." Cenovus is poised to move 144,000 barrels a day to the West Coast on the line. The Trans Mountain expansion aims to create new markets for Canadian oil abroad and eliminate the price discount caused by excessive dependence on exports to the United States. The $34-billion project was launched over a decade ago. According to Mr. McKenzie, this is an unacceptable amount of time for a project of national significance to be completed. He believes that Canada requires additional pipelines if it is to maximize the potential of its vast oil reserves. Now that TMX is complete, Cenovus anticipates price differential to remain narrow for years. Cenovus is already looking at when TMX might reach capacity. Analyst estimates put that at anywhere from two to five years, though Mr. McKenzie suspects it will be closer to the upper range of that timeline.