Quote:
Originally Posted by TurnedTheCorner
But dilbit is all that is getting produced for the most part, right? Some projects have upgraders planned, but isn't most of what's getting produced simply bitumen anyway? That's what I think is confusing me. Regardless of whether there's termnals in BC or not, or an additional refinery in BC, or not, isn't it mostly bitumen that is getting sold from the oilsands? At whatever the market rate is for bitumen?
Thanks for the explanations.
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It's mostly bitumen, but the market rate is geographically dependent. There's a supply glut in North America that is depressing our prices (WTI) compared to the rest of the world (Brent). That's why the pipeline is so important. Production in Alberta would not have to go up at all for it to have a big impact on our economy.