Quote:
Originally Posted by GGG
Yes the market should drive the cost of the marginal barrel to the cost of marginal shipping. This isn’t happeneing because of market interference.
So more heavy oil gets bought from Venezuela and and Mexico. Short term Alberta probably makes more money with a supply restriction but it just crushes investment.
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This still makes no sense.
Supply remains constant because of curtailment, but demand decreases because of an unsustainably high price. Therefore, price should drop.