Canada WCS price is collapsed into the cellar

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

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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.

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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. 

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