downward bias of oil price despite OPEC cuts---$15.05 then $14.66 as lows to hold ...or not.
---early days for OPEC members playing nice. If the price of oil continues to go down, breaks below $50. or $45., we will see how long OPEC stays together & doesn't cheat even a little.
---then you have more US shale coming online as a consequence of the steady increase of drill rigs becoming active to counter OPEC production cuts.
---Keystone approval if it comes...IMO will be ho hum. We should have moved on to get our oil to other markets at better prices. With the US we are a capture market at low prices & they know it.
---NIMBY syndrome is not a valid reason to prevent growth, create jobs & make money it is only an excuse.
---Trudeau should have allowed/approved all the pipelines etc. to get things in motion with the proviso that a 'SPILL BOND' by provided by companies to pay for any spill & topped up yearly to make it relevant.
carlos