Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Meanwhile our producers receive a small fraction of the world price because our only market for the vast majority of what we produce are the US refiners.

Is that because US refiners don't need all that you produce so each company lowers their price to be the one that gets to sell their oil cheap? Supply > Demand?

How do pipelines help solve that? Pipe more of the supply to the ocean and ship it to non-US demand to reduce over-supply allowing price to rise?

Is this part of the reason why US petroleum companies did so well these past few years?

Might this have the happy consequence that smart Canadians innovate to reduce costs of extraction putting you ahead in the future?
Print the post  


The Great Foolish North
Canadian social and off-topic banter.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.