RE:RE:RE:Shortage of Heavy oil in the US developingJDavis17 wrote: shipwreckedfool wrote: Thanks for sharing this Naka, very timely.
Let's all hope that this is Canada's year for energy!
I have no idea what Naka posted, as I have that fool on ignore, along with all of the bs he brings from that other site, but it doesn't matter much if there is a shortage of heavy oil in the US, as we can't get our oil down there regardless of the price. Even after Keystone XL is at full capacity, there isn't enough takeaway capacity as the oil sands keeps ramping up production. Simple fact.
Well if the oil producers don't benefit from that shortage, who does? The pipelines? Because if there really is a shortage, the refineries will be paying more for whatever is coming through to them.
Also, if the WCS to WTI gap narrows, oil producers will have more incentive to negotiate deals with the rail companies. Of course, that's only IF there's a shortage, which I find hard to believe.
I also worry about this delay in royalty sales. It doesn't seem to be going as well as they had planned.