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DewDiligence

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DewDiligence

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Re: OakesCS post# 5225

Friday, 05/09/2014 6:05:56 PM

Friday, May 09, 2014 6:05:56 PM

Post# of 30494
Canada oilsands discount to WTI benchmark has narrowed from $40/bbl to $18/bbl due to new pipelines:

http://online.wsj.com/news/articles/SB10001424052702303417104579546092181949408

Traders say a gap of about $20 is right, given that WTI is a higher-quality grade of oil and doesn't need to be transported as far to U.S. refineries.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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