Quote:
Originally Posted by cal_guy
First our Carbon Tax ties BC.
Second the US commitment is 26-28% below 2005 by 2025. I don't know if they will hit but matching our reductions would be pretty trivial. (We would probably require a carbon price of $150/ton to hit that target)
Third those US pipelines are the reason that the non-quality discount for our oil is basically gone and they've been gone for a while.
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1. By 2020 our carbon tax will be the highest in Canada according to a recent report.
Carbon Tax
2. So we destroy our economy, while letting the United States continue to produce and chug along... and likely it doesn't matter to the planet because our emissions are so small?
3. While Edmonton Light Crude trades pretty close to WTI... what we need is a better price for the Western Canada Select... which trades at a pretty stiff differential right now... Those pipelines have helped sure... but the Bakken makes a lot of oil...
Oil Prices