the discount is the discount....Article in the G&M today stated that after a month of TMX being in operation the discount of WCS to WTI is still about 15 bucks a barrel....where it's been normally as long as there are no temporary extraordinary events.
For almost as long as I can remember AB oil cheerleaders have said that the only reason WCS was selling for less than WTI (a great INJUSTICE TO AB) was the lack of pipeline egress capacity and the lack of exposure to markets other than the US market.....Can we once and for all put that bit of delusion to rest??? We've got excess egress capacity, we're selling to markets other than the US...and it's still a 15 buck discount.....The market is the market...it sets the price given quality and how far it has to travel to get to a customer that will use/refine it.....the discount is the discount...it's not some conspiracy against AB...it's not "Ottawa's fault"....it's just the way it is.