Post by
TOCAT on Nov 21, 2013 8:28pm
$40
I don't understand why we get $40 a bbl for oil in Alberta. Oil is leaving the province and someone is making the profit. Maybe oil is so abundant that the posted price is false, only available to a few.
We get only $80 a bbl for high grade better than 42 deg API WTI in North Dakota, U.S.A. $15 a bbl less than WTI @ $95 and Brent at $107. Is this a distribution problem or is there some kind of suppresion of price in North America. I hope it"s a bit of a distribution problem and Canexus will make money on NATO. It appears that the discovery of oil in the Bakken has created some sort of road block that rerfiners are taking advantage of.