Quote:
Originally Posted by Ducay
No, in plain terms we're getting junky WTI-like prices when we could be getting delicious Gulf prices. The Midwest is oversupplied to the Nth degree, Cushing needs no more Canadian Crude. Hence why the XL project is so darned important.
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Yeah, that is what I thought. The part I don't understand is why we'd get more than WTI/heavy oil prices just because it gets all the way to the gulf? The US will still be buying it will they not? I work in the upstream part of oilsands - admittedly I don't know the in's and out's of exports & marketing.