Quote:
Originally Posted by burn_this_city
CAD is about 20-25% less vs the USD than when oil was $100/barrel. I think that alone makes up the bulk of the difference.
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Not sure I agree. Alberta oil companies pay their costs in $CDN and receive revenues in $US. This is a 20-30% net gain situation for them. Alberta refineries work for $CDN and sell most of the refined product here for $CDN. Net zero effect.
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Last edited by CaptainYooh; 06-15-2015 at 10:42 AM.
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