Posted on 03/27/2020 6:37:48 PM PDT by Rabin
Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations...
(Excerpt) Read more at rigzone.com ...
https://www.cer rec.gc.ca/nrg/ntgrtd/pplnprtl/pplnprfls/crdl/nbrdgmnln-eng.html to Texas.
Rab.
That’s because our federal government, in its infinite wisdom taxes Alberta’s crude to the hilt, but imports Saudi crude tax free.
sucks for pierre.
“......cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations...”
Gee, you think?
In the long run it’s best to pay a little more and keep the jobs and dependency at home.
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