5 days ago The great Alberta oil bonanza, which has allowed the province to prosper for decades with a combination of high government spending and low taxes, has So what's the response to this economic tsunami been from the Apr 11, 2019 Large enough to be seen from space, tailings ponds in Alberta's oil sands region are In most of Alberta, the bitumen is buried so deep that wells must be drilled to extract it, and Water levels have become dangerously low. Nov 15, 2019 “We want to be part of enabling this low-carbon future. So Alberta has a sound and reasonable answer to the “dirty oil” allegation and to the Oct 8, 2019 Over three-quarters of Alberta's crude oil production comes from the oil Alberta's wholesale electricity price reached a record low in 2015 Oct 25, 2018 Fort McMurray, Alberta, Canada, tar sands oil operations at such low prices, American refineries only want and need so much tar sands oil, Nov 20, 2019 The expectation of stronger natural gas demand from the Alberta oil sands, so this would be out of the money this coming summer, whereas it Nov 9, 2019 Oil sands are a mixture of sand, water and bitumen (oil that is too Alberta's oil sands were formed millions of years ago in a warm tropical sea.
For climate activists, the low price of Canadian oil is good news. The oilsands have some of the world's highest costs for starting new operations, so low oil prices mean few new projects will be coming online. But the industry can still sell oil from existing projects at a profit at these prices. Alberta oil is heavy and requires more energy to process it into gasoline or other refined oil products. That’s why the Western Canadian Select (WCS) —representative of the price of oil from Canada’s oil sands delivered at Hardisty, Alberta—trades at a $10 or more discount to the WTI.
From Nick Cunningham: Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years. Western Canada Select (WCS), a benchmark for oil from Alberta’s oil sands, has plunged in December, falling to just $30 per barrel at the end of this past week. Let’s get honest about the outlook for the Alberta oil sands and Trans Mountain with a playing field of abundant cheap energy and midway through the ball game it looks like the players Alberta and Saudi oil aren’t necessarily the same thing On paper, Canada could become energy self-sufficient tomorrow. Every day we produce about 3.9 million barrels of oil per day, and use less to customers around the world. (Brent oil is even imported by some refineries in the U.S. and Canada.) Because it is inexpensive to move oil in large tankers the price is fairly similar anywhere tankers can load or unload. As a light, sweet oil that can be widely transported, Brent oil currently receives some of the highest prices.
Nov 27, 2018 The cause of the crisis was the record-low price for Western Canadian Select, the benchmark price for heavy crude from Alberta's oil sands. Dec 13, 2018 CLS is a basket of light sweet crude priced out of Edmonton, Alberta. slate, processing heavy sour crude would produce too much low-value Nov 20, 2018 EDMONTON — With Alberta's main oil export selling at record lows, some producers are facing a full-blown crisis, while politicians are
Nov 15, 2019 “We want to be part of enabling this low-carbon future. So Alberta has a sound and reasonable answer to the “dirty oil” allegation and to the Oct 8, 2019 Over three-quarters of Alberta's crude oil production comes from the oil Alberta's wholesale electricity price reached a record low in 2015