Quote:
Originally Posted by TurnedTheCorner
Yeah, I know there has been the spread between Brent and WTI for a while, and it's expected to last for years. But neither is being produced in the oilsands. So...? Isn't bitumen being bought from Alberta producers, regardless of whether it's being moved to Ontario, or moved to Henry Hub, or moved to an NA refinery, or moved to a terminal, or...
Sorry, I'll stop now. I just don't seem to be able connect the dots.
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Nah, keep going until you get it. We will find your missing dot! Bitumen is worth more where crude is worth more, assuming a consistent cost of upgrading.