04-23-2018, 10:50 AM
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#3890
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In Your MCP
Join Date: Apr 2004
Location: Watching Hot Dog Hans
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The bottlenecks are frustrating for Canadian oil producers because heavy crude is in great demand from U.S. Gulf of Mexico refineries, which are designed to process it, and have faced shortages of Venezuelan and Mexican heavy crude.
Large producers tend to store oil until they have enough volume to fill a train, but for smaller producers who cannot shut production and lack storage capacity, trucks may be the only option, said a Calgary trader.
“At the end of the day, you cannot put it back in the ground- it has to go somewhere,” he said. “If your alternative is a camel or a donkey, then that’s the alternative you have to go with.”
https://boereport.com/2018/04/22/fac...d-at-a-time-2/
You just gotta lol at this point.
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