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Author: tim443 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63985  
Subject: Re: PWE slump Date: 11/19/2012 7:19 AM
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Another problem for all of our western crud producers is the discount on WCS (Western Canada Select) due to the glut in Cushing? We really need to find an non-US outlet for our oil or continue to suffer the lower prices.

Says it far better than I could. Until we find a way to get Alberta oil to international markets in a big way we will be held hostage to a US market currently awash in oil.


Heavy Canadian Crude Tumbles to 8-Month Low on Cramped Pipelines

By Edward Welsch - Nov 16, 2012 5:03 PM AT

Heavy Canadian crude oil fell to the lowest level in eight months as producers faced space limitations on pipelines transporting oil to U.S. markets.

Western Canada Select, a heavy oil blend from Alberta, tumbled to $34 below the U.S. benchmark, its widest discount since March 14.
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