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. Tim http://www.bloomberg.com/news/2012-11-16/heavy-canadian-crud...Heavy Canadian Crude Tumbles to 8-Month Low on Cramped PipelinesBy Edward Welsch - Nov 16, 2012 5:03 PM ATHeavy 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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