Post by
retiredengexec on Dec 04, 2018 11:25am
Condy Supply and demand
Assuming 8.7% of heavy and bitumen is shut-in (8.7% of 2,000,000 bpd) there will be an extra 60,000 kicking around. Now if 8.7% of the 250,000 produced in Alberta is shut-in, this takes us down by about 20,000 bpd to about 40,000 bpd.
Let's hope imports are curtailed.
An unintentended consequence for sure but not as bad as I feared.
Comment by
quesea on Dec 04, 2018 3:54pm
Yes, let’s hope cond imports are reduced soon. But when ? Train loads of 1,000’s of barrels of cond traveling 1,000’s of km are booked/contracted months/years in advance. So don’t expect it to end anytime soon. The Oil Sands unending thirst for Diluent may have just stopped !!! Isn’t that VII business plan. Oh Oh. kc