RE:RE:What price will tmx oil fetch I agree with JLeer. Access to the Pacific will enable Canadian producers to ship to whoever pays the best price at the dock -- Asia or US. TMX is a big part of the infrastructure required to break the US monopoly on Canadian oil exports. Remember when WTI to WCS differentials were around $30 or $35 per bbl a couple years back? Canada was getting royally effed and there was little we could do about it. That was the situation Canada wanted to get out of and at least part of the solution was to diversify export markets for oil. IMO a little bit of diversification of export market will impact the price for the whole lot of Canadian oil prod.
US producers are selling their own domestically produced oil to foreign buyers right now from ports on the Gulf coast, and they are getting prices in line with the world price more so than WTI. How would it be that US producers can make this trade but somehow Canadian producers could not?