Some Canadian crude costs more to ship than to buy
The bleeding will be intense. That’s what Russia and OPEC kill off with their market flooding technique. And I think it was always on their target list – moe so than shale which they fully know is much harder to kill. Trudeau will have an opportunity to get Canada on a path of emissions reduction at last for real. At the same time, his economy will be bludgeoned to a bloody mess. Let’s see what people prefer to have. He could – of course, meet Trump and agree on tariffs on non-North-American oil. But he will not do that. Won’t he?
www.worldoil.com
