Canada oil who wants it?

Today crude oil in Canada is trading less then $15.00 us a barrel 

The reason USA is flooded the market is that true?

Is Canada black listed ?

Canada has many pipelines out to port why are not Europe buying this oil are they politically being bullied by Russia

Our are we finally come to our senses and not using as much

The end to oil revolution is  near ?

 

 

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11 hours ago, RLC Group Ltd said:

The reason USA is flooded the market is that true?

Is Canada black listed ?

Nope.  Canadian government has been trying to shut down its domestic oil industry.

No-oil plan for Alberta is working, just a little early

The Liberals are managing down Alberta's industry by imposing new regulations, killing pipeline options, withdrawing tax incentives, and passing energy-hostile bills.

... It was Prime Minister Justin Trudeau himself who said in Hanuary 2017: “We can’t shut down the oilsands tomorrow. We need to phase them out. We need to manage the transition off of our dependence on fossil fuels.

“That is going to take time. And, in the meantime, we have to manage that transition.”

... Boxed in, increasingly reliant on overstressed rail, beset by unending hostility in B.C. and berated by U.S. competitors, the typical barrel of Alberta oil now sells for a fraction of workd prices.

We’re at the stage where some producers (not refiners) are willing to shit in their own barrels in order to drive prices back up.

And that, of course, is exactly what the anti-oilsands people want; a product so valueless that it’s simply left in the ground.

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