Quote:
Originally Posted by Ozy_Flame
This is not true. Especially when we have limited pipeline capacity.
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Even if WTI goes to $200, WCS will linger far below that (with drastically increased differential).
The current pricing is enough to sustain the industry, if we could get that pricing. That's what I mean when I say noone cares about oil prices - we just need to get it to market.
Of course $200 oil will have some benefit to us, but there still won't be any new major projects started until we can get some pipelines done. It'd be what's happening now - an oil boom in the entire world except for western canada.
We don't need $100 oil (though it'd be nice) - we are struggling not because oil is "only" $60, we are struggling because of lack of pipelines.