Quote:
Originally Posted by zuluking
If they could blink their eyes and magically have a pipeline constructed the length of North America, I'd agree with you (again...) However, mega-projects like these take time to come online. In a previous post, you discussed rapidity in oil sands development. You have to have transportation availability to match production growth.
Yes, it covers the Brent/WTI spread, but it is more about throughput. Because it's the throughput and ability to move the product to the US as it comes online which minimizes the spread. They are intrinsically linked.
If it was only about the spread, then wouldn't the projects you've mentioned above be enough?
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That spread is a not an insignificant loss of a billion a month to Canadian oil currently.