Quote:
Originally Posted by TurnedTheCorner
You have to take it to where the refineries are. A quick search on the web suggests a new oil refinery has not been built in North America since 1984, so there aren't other places to refine it. Domestically.
One down side of increased Canada-US oil ties is that it doesn't give Canada much incentive to develop international markets, which could cause a drag on prices. North Sea Brent is already trading at a premium to West Texas Intermediate by about $14-15 boe right now, or about 12.8%.
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Using BOE to refer to oil is a pet peeve fo mine with O&G noobs . it's bbl to abbreviate oil. use bbl when you are converting NGL or NG to an oil equiv, hence boe, which means 'barrel of oil equivalent'. You cant refer to oil as a barrel of oil equivalent when it IS oil.