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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.27-0.2%Nov 21 4:00 PM EST
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To: Canuck Dave who wrote (72542)4/2/2011 4:28:40 AM
From: elmatador  Read Replies (1) of 217986
 
the bottleneck in Western Canada could be eased by increasing access to the Asian market by adding pipeline space to the country's Pacific Coast.

Russia has boosted returns for its oil after building the Eastern Siberia-Pacific Ocean pipeline to export crude to China, Japan and Korea, lowering its dependence on the European market, he said.

"ESPO is a premium-price crude in the Asian market," he said. "It's gone from being a heavily discounted new crude to being quite a sought-after crude at this point in time ... It's Economics 101, if you have more demand for your product you get a better price."

Canadian oil glut at Cushing could last two years
ca.reuters.com
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