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4 Kommentare
Well, based on today’s “statement” from the American president, it looks like this is only just the start.
>Synthetic Canadian oil prized by refiners for its rich diesel output tripled in a matter of days amid a worldwide clamour to secure supplies of the truck and train fuel.
The oil produced via special processing of bitumen from Alberta’s oilsands is commanding US$19.25 a barrel more than the monthly average for the U.S. benchmark, West Texas Intermediate, according to Modern Commodities data. That’s an almost 200 per cent increase since March 27.
It’s also a stark reversal from the day before the Iran war erupted, when synthetic crude traded at a 85-cent discount to WTI, the data showed.
There’s no business case for Alberta, c’mon.
Why do they use such obscure price comparisons? Can’t they simply say that it was X before and is now 3X?