Crude oil discount? Explain

[bucket]

What irritates me the most about federated is they were gifted that upgrader project under the vision of previous governments....

His goal wasn't to gouge the owners of Co-ops ....the people of saskatchewan....it was to create good paying jobs while using resources from saskatchewan or western canada....and allow western canadians to enjoy lower cost gas and diesel...


That was the goal of Saskferco as well ....it wasn't about selling fertilizer at NOLA pricing when it hadn't made the trip....it was about using flare gas to provide local fertilizer...


BUT you have to remember who sold off the assets for nickels as well??????

farmaholic your turn to answer...

[SASKFARMER3]

Now here is a FACT.

In Canada, all of Canada we have 195 Rigs drilling

In the Continental USA, they have 1063 Drilling right now.

Investment is the first step, to leave when a Leader is insane and out to kill an industry.

The liberals can blow smoke up one's ass but they created the problem and getting rid of them is the solution.

Nut Case got blindsided by thinking Trudeau actually liked her.

She is next to fall.

[farmaholic]

Bucket(Alex)....

What is "unfetterer and crony capitalism"!

[bucket]

Bucket(Alex)....

What is "unfetterer and crony capitalism"!

I thought the NDP sold the government share of the upgrader and saskferco.....

Wall gladly silver plattered potash to agrium. ....from protecting it as a strategic resource.....

From not allowing the sale at 39 billion to losing it at 18 billion.....

That Wall was brilliant.....as a 2 watt light bulb

[grassfarmer]

inferior product, higher impurities and metals, harder to move, more energy intensive to process, refineries to handle are far away etc etc. Lots of reasons its not top quality crude and deserving of some discount but not what we are currently seeing.

The chinese want it though but unrefined. They want their own facilities and people to upgrade it as usual thats why refining here is not an option. Thats the only market for this stuff.

But the oil companies are to blame as well when they shifted canadas oil business to mostly oil sands. There is lots of light sweet crude in the Bakken and shale that is left untapped while they went that route. They should abandon that idea and go back to little wells in the middle of nowhere in the prairies where Gore and celebrities cant see from their private jets.

At least Jazz is honest, this has nothing to do with Liberals or not even if SF3 is still mad he voted for them and wants to obscure that fact by piling hate on them. We're suffering because there has been a market downturn and our reserves are some of the most costly in the world to develop, produce and get to market. Only upside in my opinion is the fracking of shale gas is largely uneconomic now as that is an environmental disaster.

[jazz]

In the last 15 yrs, Canada aggressively went into the sands while the US went hard in the Bakken in ND and other similar plays. Now those fields are still highly productive when prices are low. Efficiencies and new drilling techniques have made the US super competitive, while we still work like buggers trying to turn sludge into oil and move it thousands of miles.

Now the US is refracking those wells and making huge gains.

Our best bet it to abandon these big steam plays in the sands, forget about ever building a pipeline again cause thats done, developing more oil out of the Bakken like crazy, piping it up to Fort Mac for blending and then trucking the rest across to ND where large US pipelines originate.

Otherwise our industry is good as dead.

[jazz]

And on the otherside, the envirowhacko whoe dream of a world run by windmills and John Lennon songs, you are way off base.

This world is going to add another 3 Billion people, like it or not. Even if world birth rates fall to 2 kids per person, 3B is certain. And those people will want cars and refrigeration and tvs. Who is going to deny them those basics. We will expend much more energy just to feed those people. Fossil fuels will be a major mix for a long time yet.

[SASKFARMER3]

Wow, What a Liberal Spin Grass.

You Prove again you have no Clue on Anything that goes on in Canada.

Were you this Clueless back home.



It is the Fault of One Fool Justin Trudeau and if you lived here grass when his old man was running Canada you would understand how that fool almost destroyed this country. People hated him by the time he was done.

But as a New Canadian your just like the rest you believe JT is the Ultimate and the rest of us have it all wrong.

Yes, I voted for Ralph once. We hung in the same circles so if someone you're hanging around with is running and you get along with that person you support their choice. He was in opposition at that time.

But he knows this time I will not be voting for him and last time when Trudeau won I wasn't voting for him because I believed Trudeau was similar to his father and western Canada would be hurt.

But like all new Canadians, you'll blindly support a Trudeau till the end not realizing they don't give a rats ass about western Canada or Canada in General. Its all about being a Trudeau and power.

I think ill Believe in the Oil Markets a guy like Dan Who studies oil and gas for a living. Not some flunky who cuts and pastes.

[SASKFARMER3]

Jaz your Theory is not going to work because your shipping fracked oil and gas north then back south to the USA. So again wouldn't all this shipping make Canadian oil way more expensive than the oil out of the sand? Plus if you have no way to get a second or third buyer of the product wouldn't you be selling at a discount or fun with math would make that work also.

Just saying math is fun and some have no clue.

[jazz]

Just saying math is fun and some have no clue.

Well I think all options need to be looked at otherwise we risk stranded resources.

Would have to reverse one of the main pipelines. Yes it would cost to ship it back, but by simple blending, you would have a partially upgraded product already. You could dump some more to the co-op refinery maybe for further upgrading and the rest to US midwest refiners. Yes still one customer, but a better product.