Something that is hard to predict, it all depends on supply and demand! (You should know that by now)
Trans Mountain ‘pipeline is going to get built’: Trudeau dismisses B.C.’s bitumen ban
- Thread starter mentalfloss
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Something that is hard to predict, it all depends on supply and demand! (You should know that by now)
Where do you get that assertion? There is no such thing in your article, U.S. large production increase is helping supress pricing is why SA, UAE, and Russia agree to keeping the cuts to prop up pricing.
Maybe he thinks 6 million of them just evaporated. Denying the holocaust is just plain unadulterated ignorance.
POOR FOOLISH hemer-HOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He DOES NOT CONNECT reduced oil sales with our "booming economy" and its RECORD DEBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hemer-HOID CANNOT SEE that people who are terrified of the LIE-beral carbon tax SCAM and its drastic influence on prices................
generally DO NOT spend money on frivolous driving trips!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Nor does hemer_HOID wish to consider the impending election and the Ontari-owe civil service union HOG STRIKES!!!!!!!!!!!!!!!!!!!!!!
Ontari-owe teachers are abput to go to WAR with the Ford govt over access TO MORE GRAVY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Those who are about to STRIKE...........................SAVE THEIR PENNIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Teachers will be sticking CLOSE TO HOME this summer- NO frivolous driving trips so0 low gas sales result!!!!!!!!!!!!!!!!!!!!!!!!!!
In addition- a whol e HUGE PACK of LIE-beral hacks and flacks and spin doctors and communication experd and pollsters are
fearful of losing their jobs in October!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Have you heard hemer-HOID...........................................
THERE IS a federal election coming..................................................
and the FAKE NEWS of LIE-beral friendly media cannot hide the LIE-beral FEAR of DOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In short hemer-hoid is doing such a fine imitation of an
Ostrich with its head buried in the sand.........................
that REAL OSTRICHES are trying to mate with him!!!!!!!!!!!!!!!!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!
‘Don’t get used to it’: OPEC’s free pass for US shale will be short-lived, JP Morgan says
https://www.cnbc.com/2019/07/04/oil...ee-pass-for-us-shale-will-be-short-lived.html
OPEC still rasslin with that shale oil revolution.
They are currently taking home an smaller fraction of the $60 a bbl market.
At some point they will decide to take home a larger fraction of the $40 a bbl market and that will be the end of the Trans mountain expansion - which is not even logical at $60 a bbl btw.
https://www.cnbc.com/2019/07/04/oil...ee-pass-for-us-shale-will-be-short-lived.html
OPEC still rasslin with that shale oil revolution.
They are currently taking home an smaller fraction of the $60 a bbl market.
At some point they will decide to take home a larger fraction of the $40 a bbl market and that will be the end of the Trans mountain expansion - which is not even logical at $60 a bbl btw.
Oh dear me!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Asking hemer-HOID for a logical answer on oil...............................................
is like asking the Three Stooges to repair your computer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You just KNOW it wont end well!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
What hemer-HOID is DESPERATELY trying to AVOID is any
discussion of WHY a lot of people
would rather buy Cdn oil...........................
with that revenue being used to pay for Cdn health care.....................................................................
versus buying Russian oil.................................................
with that revenue being used to BUY WEAPONS!!!!!!!!!!!!!!!!!!
Hemer-HOID will not wish to discuss the latest news............
in which Syrian govt troops............................
backed by Russian jets.................................
have just killed over 500 CIVILIANS!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cdn use of oil revenue................................
GETS MUCH MORE WORLD RESPECT ........................
than the Russian version!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
His masters told him that.Fool doesn't even know that is $60 US which makes it well over 70 Cdn.
What does it matter when the US is our only customer and they are at the discount window rather than 'retail'.
Canadian oil selling at a deep discount — and it hurts
Crude Oil Annual Export Summary – 2018
In 2018, total crude oil exports from Canada reached 3.6 MMb/d (571.6 thousand m³/d) an increase of 8.2% from 2017. Canada exported 2.8 MMb/d (444.6 thousand m³/d) of heavy crude oil and 0.80 MMb/d (127.0 thousand m³/d) of light crude oil. The average price of Canada’s crude oil exports also increased 11% in 2018 resulting in an overall increase in crude oil export values. The crude oil export summary is presented below.
Table 1: Oil Export Summary
Table 1: Export Summary 2014 2015 2016 2017 2018
Total Average Price (US$/bbl) 79.67 39.40 33.25 42.51 47.4
Crude oil prices fell sharply in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $112 per barrel (bbl) and $105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $62/bbl and $59/bbl in December, respectively.
Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
Price in U.S. dollars per barrel201754.15201643.74201552.32201498.89
'Summation, Canada is being raped and the 'gate-keepers' are in fill support of it rather than trying to get Canadians the best deal possible.
Canadian oil selling at a deep discount — and it hurts
Crude Oil Annual Export Summary – 2018
In 2018, total crude oil exports from Canada reached 3.6 MMb/d (571.6 thousand m³/d) an increase of 8.2% from 2017. Canada exported 2.8 MMb/d (444.6 thousand m³/d) of heavy crude oil and 0.80 MMb/d (127.0 thousand m³/d) of light crude oil. The average price of Canada’s crude oil exports also increased 11% in 2018 resulting in an overall increase in crude oil export values. The crude oil export summary is presented below.
Table 1: Oil Export Summary
Table 1: Export Summary 2014 2015 2016 2017 2018
Total Average Price (US$/bbl) 79.67 39.40 33.25 42.51 47.4
Crude oil prices fell sharply in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $112 per barrel (bbl) and $105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $62/bbl and $59/bbl in December, respectively.
Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
Price in U.S. dollars per barrel201754.15201643.74201552.32201498.89
'Summation, Canada is being raped and the 'gate-keepers' are in fill support of it rather than trying to get Canadians the best deal possible.
What does it matter when the US is our only customer and they are at the discount window rather than 'retail'.
Canadian oil selling at a deep discount — and it hurts
Crude Oil Annual Export Summary – 2018
In 2018, total crude oil exports from Canada reached 3.6 MMb/d (571.6 thousand m³/d) an increase of 8.2% from 2017. Canada exported 2.8 MMb/d (444.6 thousand m³/d) of heavy crude oil and 0.80 MMb/d (127.0 thousand m³/d) of light crude oil. The average price of Canada’s crude oil exports also increased 11% in 2018 resulting in an overall increase in crude oil export values. The crude oil export summary is presented below.
Table 1: Oil Export Summary
Table 1: Export Summary 2014 2015 2016 2017 2018
Total Average Price (US$/bbl) 79.67 39.40 33.25 42.51 47.4
Crude oil prices fell sharply in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $112 per barrel (bbl) and $105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $62/bbl and $59/bbl in December, respectively.
Brent Crude oil prices from 2014 to 2020 (in U.S. dollars per barrel)
Price in U.S. dollars per barrel201754.15201643.74201552.32201498.89
'Summation, Canada is being raped and the 'gate-keepers' are in fill support of it rather than trying to get Canadians the best deal possible.
IDIOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The Kinder Morgan pipeline..............................................
is specifically INTENDED to reach markets OTHER THAN ...................................................
United States!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Do you have some religious objection to THINKING?????
Why would they do that when what Eastern Canada eats up if Canadian energy after it has entered the US is sold back to Canada as US gas. Please tell me you know that much about our contribution to 'big oil'.
The first line was for local consumption and compared to 'the northern route to the open seas it is 10x as difficult and travels through the most populated parts of the Province. If that is the only route where does the 6 lane highway and 4 heavy rail lines go or is Alberta and all points past 'going to have to learn to live with shortages' even though we have tons of money.
To push just the road and rail through with financing by Google China Inc brings goods to that 'corner of Canada' that is heritage items as well as being below wholesale when you buy a container full or more. That would cut BC and Ontario and Quebec from having any control at all what 'the North and Prairies' once the rest of Canada blacklists us for being 'upstarts'. Woe is us, . . .