Canada Lost $17.13 Billion Over 3 Years Because Trudeau Blocked Canada East Pipe
By Mark Smyth —— Bio and Archives--September 20, 2019
Canadian News, Opinion | Comments | Back To Full Article
The original plan for the Canada East pipeline to reach Quebec and New Brunswick from western Canada, was to carry 1.3 million barrels per day of oil.
Based on the Wednesday price for the Canadian grade of WCS, Western Canada Select grade oil of $45.33 U.S., that 1.3 million barrels per day means 20 percent federal royalty to the government of Canada. Over half of Canada's oil produced is of the lower priced WCS grade. Welcome to CFP’s Comment Section!
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