Quote:
Originally Posted by Hack&Lube
One unfortunate result of the global nature of oil as a commodity is that the current situation is not benefitting Canadian O&G as much and the WCS to WTI discount/differential is ever growing.
Biden opening up US strategic Petroleum reserves and the ability for unsavory countries to buy super-cheap Russian old has left Canadian Oil back in a +$20 discount over WTI as there is less demand for our sour and pipeline challenged Oil Sands product.
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Yeah, but think of the moral reward of not investing in your energy infrastructure. Just spend that.