7 ms·
I don't really know how the discount is built into the price, but it's a result of the fact that only about 10% of the oil Canada produces can make it to a port
by badc0ffee 20d ago
I don't really know how the discount is built into the price, but it's a result of the fact that only about 10% of the oil Canada produces can make it to a port to be sold to non-US buyers.
https://en.wikipedia.org/wiki/Western_Canadian_Select https://en.wikipedia.org/wiki/Western_Canadian_Select
- cwillu 18d agoThe price is “discounted” as in “it's cheaper than the global market price”, because of the shipping difficulties, but it's not a “discount” in the sense of “americans get a discount because we're nice neighbours and they have a coupon”. A common point of political contention up here are various pipeline issues, precisely because it potentially permit access to more markets, improving the sale price. (However it would also raise the price of gas in Canada for the same reason, with all the implications that comes with that).