Crude oil discount? Explain

[chuckChuck]

Ahh chuck, what time is Butts coming over for dinner.

https://calgaryherald.com/opinion/columnists/corbella-trudeau-plain-wrong-about-harpers-pipeline-legacy Trudeau plain wrong about Harper's pipeline legacy

One of his projects was on the existing transmountain pipeline.

Did the NEB review Line 67 under a previous Liberal government of Paul Martin? I expect it was applied for under Martin if Harper approved it in 2006 as he just came to power with Minority government in 2006. In any case I stand corrected on Harper and pipelines.

But I stand by my main point that the oil sands were and are on shaky foundation of poor economics because they are expensive to develop and prone to losing money during periods of low prices or even average prices.

Unlike conventional oil they take many years to develop production which increases risk. And unlike conventional wells, it is much more expensive and difficult to shut them down to reduce production because the investments are so large.

If prices of any commodity fall because of over supply or bottlenecks in getting the product to market the last thing you want to do is spend a lot of money producing more.

The long term political and economic risk of building pipelines are some of the factors that should be part of every business plan assessment.

[SASKFARMER3]

So chuck you think you actually know more than a guy whose main job is studying the Oil industry.

Were screwed because of your idiot Trudeau its that simple even a liberal should get it by now.

[chuckChuck]

So chuck you think you actually know more than a guy whose main job is studying the Oil industry.

Were screwed because of your idiot Trudeau its that simple even a liberal should get it by now.

I have never voted Liberal, unlike you who voted for Goodale.

I am a casual observer just like you, except I don't start every observation with a tiresome political rant against a party you once voted for! LOL

And I would never invest in the oil sands because I think they will become a worthless stranded asset as new sources of energy are developed and implemented.

[grassfarmer]

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.

The #1 person with no clue around here is you - you mean you don't realise the whole point of fracking shale gas is to get the fluids to thin the tar sands product so it'll travel down the pipe to the gulf coast? Did you really think the big expensive that goes into fracking was to produce the low price natural gas? How would the math work on that oh clueless one?

[jazz]

Investment in all sectors of canadas energy profile are warranted. Sands, fracking, light sweet, NGL and even offshore and even renewables and nuclear and hydro as well. We have huge potential in all sectors, but none should fully replace any others until the market warrants it.

But I agree with chuck that the oil companies went too much into the sands. And the Liberals overreacted trying to target them as well. Much more production came out of ND in the last decade than the sands.

[grassfarmer]

Much more production came out of ND in the last decade than the sands.

Not in oil it didn't - about 2.8 million bpd versus 1.25 million bpd at peak in ND.

[the big wheel]

Where is china buying our cheap oil from? Is it by train to west port is it through the USA how are they sourcing this?

What I see is us Canadians are paying this stupid high price to subsidize selling cheap to other countries??? Yes or no?

[bucket]

Where is china buying our cheap oil from? Is it by train to west port is it through the USA how are they sourcing this?

What I see is us Canadians are paying this stupid high price to subsidize selling cheap to other countries??? Yes or no?

Buzzer from bucket......what is yes Alex.....


Is that better farmaholic?

[tubs]

one thing you gus are all forgetting is that not one investor would be interested in these projects be cause somebody will be protesting and would derail that project .All the money has left the building . WAKE UP TARTS

[the big wheel]

Here's the daily double

Alex what is let's build a pipeline without a guarantee of higher prices foreign and that way ship more and have to charge even more domestically to pay for it.

[sumdumguy]

Here's the daily double

Alex what is let's build a pipeline without a guarantee of higher prices foreign and that way ship more and have to charge even more domestically to pay for it.

Produce more for less - that’s the Canadian Way. Cheers!