Read a report by a guy who appears on BNN and owns a lot of small Canadian producers in his fund. So this is probably slanted but here's his list of possible alleviations to how badly we're getting ####ed:
1) Rail Capacity growing to 500k bbl/d by 2019 (roughly 1/8 of CAD prod)
2) A better pipeline nomination process
3) Continuing decline in Mexican and Venezuelan heavy production
4) An Albertan upgrader ramping up to 80k bbl/d
5) Some refineries in the US coming back on later this year
Who knows if this will make a difference but I've been searching far and wide for any kind of positive aspect on this because it's been hard to come to work and search for barrels that can't even go anywhere even if they're produced. It's so frustrating that this was identified as an issue by industry and a competent government earlier this decade but obstructions from know-nothings, foreign bad actors, and idiotic governments have left us in this state.
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