GREY:STPJF - Post by User
Comment by
kavephishon Dec 17, 2011 11:21am
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Post# 19331673
RE: Keystone.
RE: Keystone.Any oil carrying pipeline (to the US, Kitimat, or Vancouver) will allow our light sweet oil to be sold to the world at or near world (Brent) prices instead of to the US at depressed WTI prices (with the exception of slightly lower heavy oil prices), hence one of the reasons there is political resistance to it being built. The US would love to be the only customer of our "cheaper" oil. Any pipeline being built would be great for Canadian oil producer's bottom line.