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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (50246)10/13/2018 9:32:18 AM
From: Goose94Read Replies (1) of 203376
 
Crude Oil: Why do Canadians put up with this?…Western Canada Select slumped below $20 (U.S.) a barrel yesterday, continuing a brutal streak of declines for the country’s main grade of Crude…the drop has come as rising production from Canada’s oil sands overwhelms the nation’s pipeline capacity, and as refinery capacity in the U.S. dwindles amid planned maintenance…WCS has now declined for 10 of the past 13 trading days, sending its discount to West Texas Intermediate Crude to a whopping $52 a barrel, the widest on record in Bloomberg data stretching back to 2008…much of the blame for all of this falls on Canada’s “climate change” crusaders, globalists who certainly aren’t putting Canada first as they carry out a naive agenda to “save the planet”…they have a great friend, of course, in Justin Trudeau whose National Energy Program 2.0 (an even bigger disaster than his father’s original NEP) has seriously damaged the country’s Oil and gas sector…a pipeline, even one that it currently owns, will never get built under this government, while the anti-Oil Liberals continue to abuse ordinary taxpayers with carbon taxes and other “green” schemes…
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