Jan van Eck + 7,558 MG October 15, 2018 It looks like there is nothing but more bad news for the export of Canadian heavy oil, which historically has been priced at about $15 below WTI. Right now it is running at the astounding discount of $55, with prices hovering between $15 and $16 a barrel. All this due to no take-away capacity. Time for the Canadians to start building oil tankcars! Nothing quite as dispiriting as losing a bucketful of cash on each oil produced out of those oilsands. And no hope in sight. Ugh. ca.finance.yahoo.com/news/darkest-days-canadian-crude-plunges-u-s-benchmark-183701331.html?utm_source=nl&utm_medium=em&utm_campaign=mme_politics&utm_content=209622&utm_term=0&sfi=e87b5d06479f2c77b1b13b5c59293626 Quote Share this post Link to post Share on other sites
Dan Warnick + 6,100 October 15, 2018 7 minutes ago, Jan van Eck said: It looks like there is nothing but more bad news for the export of Canadian heavy oil, which historically has been priced at about $15 below WTI. Right now it is running at the astounding discount of $55, with prices hovering between $15 and $16 a barrel. All this due to no take-away capacity. Time for the Canadians to start building oil tankcars! Nothing quite as dispiriting as losing a bucketful of cash on each oil produced out of those oilsands. And no hope in sight. Ugh. ca.finance.yahoo.com/news/darkest-days-canadian-crude-plunges-u-s-benchmark-183701331.html?utm_source=nl&utm_medium=em&utm_campaign=mme_politics&utm_content=209622&utm_term=0&sfi=e87b5d06479f2c77b1b13b5c59293626 Sad. Build some more windmills, and hope. Quote Share this post Link to post Share on other sites
Jan van Eck + 7,558 MG October 15, 2018 21 minutes ago, Dan Warnick said: Sad. Build some more windmills, and hope. Meh. I predict the Canadians will be constructing some in-situ refineries and use the stuff themselves. More logical from a political perspective. Quote Share this post Link to post Share on other sites
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