Hughes Canadian oil pipeline study at CBC
June 9, 2017
Post Carbon Fellow David Hughes new report Will the Trans Mountain Pipeline and Tidewater Access Boost Prices and Save Canada’s Oil Industry? was featured in this article at CBC.
From the article:
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Author David Hughes concludes in his report “Will the Trans Mountain Pipeline and Tidewater Access Boost Prices and Save Canada’s Oil Industry?” that there’s no longer a price advantage to selling Canada’s oil offshore.
The Alberta and federal governments continue to argue that expanded pipelines to tidewater will open Asian markets where producers can command a higher price than in the North American market.
But after studying the international oil price — the Brent benchmark — and the North American price — West Texas Intermediate, or WTI — for the last 18 months, Hughes found the price gap has all but disappeared.