AgTalk Home
AgTalk Home
Search Forums | Classifieds | Skins | Language
You are logged in as a guest. ( logon | register )

Canadian Crude oil down 74% from benchmark
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
ntexcotton
Posted 11/25/2018 13:29 (#7126609 - in reply to #7126189)
Subject: RE: The market's job is to shut if off..


North Central Texas
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.



Bull crap. Maya is the equivilant heavy from mexico and is $63 delivered. The older gulf refineries are the big users of heavy and Canada has to get it there. Not an easy thing to do especially in the winter. Saudi oil is comparable to and with the increased flow of heavy from there, we have plenty right now. Oil is no different than any other commodity with a quality and location basis.
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)