RE:RE:World oil prices soaringThis is what happens when you have only 1 customer. The US are screwing Canada.
What I find incredible is with the drop of heavy oil out of Venezuela, and the refineries in the gulf coast are setup to handle primarily only heavy oil, we should be getting a much better price for Canadian heavy oil. The Permian shale is light API oil, so the heavy oil should be very tight and in fact the refineries are doing a lot of blending which has a negative impact on through put.
We should be sticking it to the US but this difficult when we cannot sell our oil to another customer.