RE:Should there be forced production cuts in Alberta?My sources say that substantial cuts and layoffs are around the corner. Seem it before. My first exposure to a price drop was iMarch of 1986. We laid off 40% of the Lloydminster engineering and construction staff in one day we called black wednesday.
You are right that governments are a big part of the problem. I hope the TMX is proceeding. I think that TCPL should able to work around the Montana issue with US government help.
To add insult to injury Mayan heavy, similiar to WCS is trading abovr WTI as the US is short of heavy. THey need heavy because most of their refineries re-tooled in 80's and 90's as US conventionl production declined.
Also heavy gives a better slate of products including asphalt and heavy distillates.