Quote:
Originally Posted by CalgaryKid12
Hold up. Actually what you're saying doesn't make sense. Of course Alberta didn't have the production capacity to fill all those lines, because they didn't have the export capacity in the first place. Why would an oil company drill a well, just to have it sit shut in and not be able to sell the oil from it due to capacity constraints. Further, with simple supply and demand economics, if you have excess supply (production capacity) and the same demand (export capacity), you're going to drop the price of WCS unnecessarily to the detriment of all Alberta producers. With the 3rd largest oil reserves in the world, you really don't think we could fill the increased export capacity? It's just a matter of drilling more and implementing more EOR methods that make sense at better prices. What you really should be looking at is global demand (demand) vs Canadian export capacity (supply).
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Dude, seriously. Go find the news articles. These aren't things I made up. These are things TC said.
Y'all are exhausting.