RE:Trans mountain pipeline doing it’s thing ANALOG GUY wrote: The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Monday:
• WCS for July delivery in Hardisty, Alberta, traded at $12.85 a barrel below WTI, according to brokerage CalRock, having settled at $12.95 a barrel under the benchmark on Friday.
• Canadian heavy barrels have traded in a fairly tight range so far this month, supported by the start-up of the 590,000 barrel-per-day (bpd) Trans Mountain pipeline expansion last month
Sadly it was not thought out which explains it's by far the most expensive pipeline, incl subsea, of any pipeline in the world.
Afrimax tankers can only be filled to 550,000 bbl instead of the 880,000 bbl capacity because the port lacks tugs and other infrastructure to support Afrimax, kinda like a 4 th world country with new found oil.
Also. USA W. Coast refineries don't want it - too dirty, high suphur, high acidity and high vapoir pressure, significantly devaluing the oil dilbit mix.
Another massive Canadian failure on the backs of taxpayers.