Tom Kirkman

Canadian Oil Falls to Under $20 a Barrel Because of Environmentalists

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Presented without comment, as I'm a bit cranky this morning about #Resist and #Disrupt by "environmental" activists who seem to view oil pipelines as tools of Satan.

Canadian Oil Falls to Under $20 a Barrel Because of Environmentalists

The price of Western Canadian Select (WCS) crude dropped more than US$55 per barrel BELOW North American benchmark of West Texas Crude. The widening discount is evidence the commodity is illustrating how the environmentalists are really destroying the Canada economy. They are causing taxes to rise as social programs continue on an unsound footing and in the meantime, they are undermining the economy in Alberta. The Federal Court of Appeal ruled in August that the National Energy Board (NEB) review of the Trans Mountain pipeline expansion was too flawed for the federal government to base its decision on. The prevention of pipeline construction means that the oil has to be taken out by an inefficient method.

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