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The ever-widening spread between WTI and Brent crude has oil sands producers chafing at having...

The ever-widening spread between WTI and Brent crude has oil sands producers chafing at having to sell product at the cheaper, landlocked WTI price. With the Obama administration holding up a pipeline to the Gulf, Enbridge (ENB) is proposing one to Canada's west coast.
Comments (6)
  • Rjjr38
    , contributor
    Comments (58) | Send Message
     
    SURE SOUNDS LIKE A LOT OF OIL OUT THERE.
    6 Jul 2011, 11:32 AM Reply Like
  • Poor Texan
    , contributor
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    Interesting. This would have Canada selling oil to other parts of the world and reducing the crush on Cushing so that our prices would be higher. Good work, Obama.
    6 Jul 2011, 02:01 PM Reply Like
  • Cornhusker
    , contributor
    Comments (2) | Send Message
     
    POTUS better figure this out soon. If Canada builds a pipeline west, we just threw away the chance at a stable energy source.
    6 Jul 2011, 02:42 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    He won't.
    6 Jul 2011, 07:01 PM Reply Like
  • Morg
    , contributor
    Comments (250) | Send Message
     
    The point here is likely to keep domestic costs lower. The administration is well aware that the price gap would shrink with WTI making up for the bulk of the closure with higher prices. This would push prices up domestically.

     

    All he is doing is buying short term benefits for long term pain.

     

    Does the current administration's over involvement in the country know no bounds?
    6 Jul 2011, 06:42 PM Reply Like
  • kmi
    , contributor
    Comments (4023) | Send Message
     
    Once again, proof that expanding drilling domestically doesn't help decrease our prices when oil is priced on int'l markets. Oil will simply be exported wherever the price is higher.
    7 Jul 2011, 08:51 AM Reply Like
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