Sentences with phrase «tidewater price»

A review of international and North American oil prices reveals that a significant «tidewater price premium» does not exist.

However, a review of international and North American oil prices reveals that a significant «tidewater price premium» does not exist.

Not exact matches

With the widened spread in oil prices between Edmonton and tidewater, however, rival customers from Washington, California and Asia are now fighting over the cheaper Canadian crude.

Canada's oilpatch is bound and determined to find a way to get land - locked Alberta bitumen to tidewater, which would give it entrée to the higher prices that global refineries pay for feedstock.

For western heavy oil and bitumen producers, tidewater access may have an important stabilizing effect as it would greatly expand the market for the product, which has previously been subject to large price swings motivated by refinery or pipeline outages in the midwest.

How else could she argue, as she did in 2016, that Alberta would not support the federal government's pan-Canadian carbon price of $ 50 per tonne (in the year 2022) unless the federal government first approved an oil sands pipeline to tidewater, while also arguing that British Columbia's proposed oil spill safety measures contravene the federal government's clear jurisdiction over interprovincial pipelines?

Leach's argument, advanced in support of Prime Minister Trudeau's criticism of British Columbia's proposed pipeline safety measures, is that the federal government's climate plan requires Alberta's buy - in, and the price of that buy - in is a pipeline to tidewater.

By ensuring Canadian oil has access to tidewater, the Trans Mountain Expansion Project will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

By ensuring Canadian oil has access to tidewater, the TMEP will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

Government and industry enthusiasm for tidewater pipeline access arose from a large premium that existed between international and North American oil prices between 2011 and 2014 due to a pipeline bottleneck in the US caused by a rapid increase in US oil production.

Hughes also debunks the myth that getting bitumen to tidewater ports will somehow increase the global price that Canada's gets for its low - grade bitumen.

Getting to «tidewater» will not fetch a higher price with greater returns.

I also want to address a core argument made by proponents of the Trans Mountain pipeline, namely, that Alberta and Canada need more access to «tidewater» in order to capture a higher international price for oil, and thus increase public returns.

Such that, the price differential has largely evaporated and no longer covers the cost of transporting Alberta bitumen to tidewater.

«This reality will not change even if large volumes reach tidewater for export, as the difference in price that existed over the past few years between the inter - national benchmark — Brent Crude — and North America's benchmark — West Texas Intermediate (WTI)-- which did provide a premium for tidewater access over the past few years, has now been reduced to almost nothing.»