Quote:
Originally Posted by Flames in 07
yea you would, on the crude alone you'll get a ~$15 (its actually about $25 today, which is the diff in value of crude in Edm vs the real world) per bbl discount on your crude. 550kbpd means you make more than 8mil a day just on the crude discount you get. And that ignores the margin for cracking.
Your right it's a bit of a publicity stunt, but its this guys long shot in the dark to hijack Alberta's potential ability to get it's product out to an open market.
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Huh? How would a refinery monetize the WTI-Brent differential? They don't produce crude, they consume it. The pipeline exploits that arb, not the refinery. As soon as that barrel hits tidewater it's priced on a Brent basis. That would
increase the refinery's crude costs by $20 relative to Albeta refineries.