Market Currents
Stung by low U.S prices for oil (WTI), Canadian producers are increasingly turning to...
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Thursday, March 15, 2012, 1:20 PM ETStung by low U.S prices for oil (WTI), Canadian producers are increasingly turning to rail to transport product and receive the world price (Brent). Baytex Energy (BTE) is among those betting the wide differentials will continue, now moving 15% of its heavy oil production by rail, and expecting to do more.
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The sooner gas goes to 10 bucks, the sooner we can get a 44,000 dollar Chevy Volt with a 40,000 dollar obama tax credit. We'll let some other generation pay for that one.
Isn't life in the left-wing just grand?