cannuck Posted December 12, 2018 Report Share Posted December 12, 2018 Yes, a LOT of jobs, a stunning amount of investment and energy supplies needed for our own domestic needs are at stake. It is not right to say that we are not getting what our oil is worth - we get fair market value for our light oil and a premium for our synthetic crude. The $50 price that NYMEX futures for light crude in tanks in reference Cushing OK is a far cry from the $100+ of goofy years, but it is also 500% higher than what crude priced at 20 years ago. What "we" can't get a decent price for is our extra heavy bituminous crudes - simply because there is no practical way to get it to tidewater. Again, IMHO, the real anxwer is to ship synth crude only. Our x heavy reserves in the Athabasca sands are something between the largest single reserve on the planet - to maybe something as large as all other hydrocarbon deposits combined. We aren't going to run out soon. Quote Link to comment Share on other sites More sharing options...
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