RE:Why is WCA low ?Purveyor wrote:
When you only have one major buyer, they pay what they want. Who doesn't get that? Oh yeah, the Canadian government, that's who! What a bunch of toads.
The differential should decreaase when a pipeline comes online in 18 months or so. OMG!. Lol. Read this one: https://ca.reuters.com/article/businessNews/idCAKBN1KO21K-OCABS
Here's a bit dated WCS report from EIA.
https://www.eia.gov/todayinenergy/detail.php?id=36032
With Venezuela OIl dropping off and Canadian crude imports picking up, WCS should be commanding a better price.
It it has been this way forever. The morons that run this country and countless retards in the east don’t understand this. But hey keep Alberta footing the country’s bills