Quote:
Originally Posted by ThePrince
Is Canada further from Europe and Asia than the US Gulf Coast? Because they've got LNG terminals operational there.
Is Canada further from the USA than Venezuela? Because the US just approved pulling in crude from Venezuela, while WCS volumes sit apportioned and are trading at a heavy discount. It boggles my mind that Canadians aren't outraged by this. This directly affects government income because of reduced royalties from these volumes trading at heavy discounts, which directly affects services the government can provide (health care, education, infrastructure, ya know, all the nice-to-haves). But it's ok, they'll just tax the people more to get that income.
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The US LNG facilities except the one in Portland(I think) were all constructed as import facilities for gas in the prefracking days.
I agree with you on the oil front.