JonSCKs - 11/25/2018 09:51
Western Canada Select (WCS) , Canada's heavy-oil benchmark is down 74% to $15.20 US per barrel this past Tuesday.
As I explain in my political economy post above.. since the mid terms and the changes coming.. the market is realizing that heavy oil mined from Tar Sands will soon not be Politically economical..
The Market is working to shut it down.
as Political dictate will be coming shortly..
We have an oversupply of Crude Oil as the Market learns new information.. the markets job is to shut down the marginal producers.. in this case Canadian Tar Sands mined and washed with water.. Crude Oil.