CanaPux: An Innovative Way to Ship Canadian Oil Sands
An innovative way to ship oil sands is in the works. If proven viable, it will be a method of getting Canadian oil to market without pipelines, which are being attacked by environmentalists who want to keep hydrocarbons in the ground
By Institute for Energy Research —— Bio and Archives--February 5, 2019
Global Warming-Energy-Environment | Comments | Back To Full Article
Due to Canadian oil sands being transportation-constrained, Canadian crude prices had traded at a steep discount to U.S. oil, reaching a record difference of more than $51 a barrel in October 2018. But that gap recently narrowed to less than $7—the lowest since March 2009—due to a production cut of 8.7 percent that the Alberta government imposed on oil producers to lift depressed prices. The cut began on January 1 and is to last for one year.Welcome to CFP’s Comment Section!
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