RE: A Good Day If we broaden our focus there seems to be some interesting comparative
developments when we compare Canadian production with the rest
of the world.
While $28/bbl US$ is nothing to crow about, what’s happening around us is worth watching.
It seems, Friday we were sitting at WTI @ $32, ...Brent @ 30 and ...the heavily
discounted CDN Light sweet @ $28 ... in US$ ... + a bit, give or take.
This has got to be the highest CDN LS has been for a very long time .. compared to Brent.
And much higher than SA get for their crude .. ( Heavy and a little toxic )
And rigs ...
U.S. 22 January 2016 637 -13
Canada 22 January 2016 250 +23
International December 2015 1095 -14
Other are being hurt by precent prices and least a badly as us, and some a lot worse .....