MIND-BOGGLING OIL SANDS
CRUDE DISCOUNTS
Mike Priaro, P. Eng.
First uploaded October 5, 2018
Brent Crude price: U$86.29/bbl
West Texas Intermediate price (WTI): U$76.35/bbl
Western Canada Select price; (WCS, i.e., dilbit): U$34.35/bbl
Exchange rate: C$/U$: 1.283
(Source: Financial Post, Oct. 4, 2018.)
Difference, WTI-WCS: C$53.89/bbl
Difference, Brent-WCS: C$66.64/bbl
CONCLUSIONS:
1. MASSIVE PROFITS FOR U.S. REFINERS.
2. CRIMINAL STUPIDITY, AND ABJECT "WE HAVE NO PLAN" MISMANAGEMENT OF ALBERTANS' RESOURCES, ON THE PART OF ALBERTA GOVERNMENTS AFTER PETER LOUGHEED!
3. ALBERTANS CAN NOT BE BUILDING EVEN MORE PIPELINES TO THE U.S., LIKE KEYSTONE XL, LIKE LINE 3, AND LIKE TMX, TO EXPORT EVEN MORE HEAVILY-DISCOUNTED CRUDE TO THE OIL SANDS ONLY EXPORT MARKET.
Mike Priaro, P. Eng.
Calgary
403-281-2156
