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Stung by low U.S prices for oil (WTI), Canadian producers are increasingly turning to...

Stung 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.
Comments (2)
  • MarkS2002
    , contributor
    Comments (203) | Send Message
     
    After the first rail spill, the advantage of a well-regulated (don't you right wingers just hate that?) pipeline industry will become even clearer. The sooner Transcanada gets its revised plans approved, the safer the environment will be and the less likely that we will look forward to a big oil spill on our West Coast. Hopefully, somewhere amidst all of the protests, Big Oil will begin to acknowledge the damage they have already done and really address that in future projects.
    15 Mar 2012, 01:27 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    I'm a big left-winger like you Mark. I love 10 dollar gas. Its good for green jobs, and Solar Manufacturers who need cash infusions. Who needs pipelines?
    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?
    15 Mar 2012, 02:59 PM Reply Like
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