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Author Topic: Demand for Canadian aand Bakken oil driving price up Back to Topics
PD

Moderator
Message Posted: Mar 25, 2013 9:55:46 AM

The value of Canadian oil has been blossoming thanks to intense demand from refineries around the country seeking to buy the advantaged crude oil and make more profit.

Canadian oil has routinely sold far cheaper than many other types of crude oils and is highly sought after for this reason. Back in December, Canadian oils were selling anywhere from $35-$45/bbl under West Texas Intermediate oil or as much as $50-$60 under Brent crude. Obviously, refineries around the country are trying to buy as much of the cheaper crude as possible, but the obvious trickle down is that as demand has risen for Canadian oil, so has the price.

Recently, Canadian oils stand just $15-$20 under the value of West Texas Intermediate crude, a sharp...

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KAR120CSII
Champion Author Oregon

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Message Posted: Apr 10, 2013 1:42:00 AM

Good idea -- let them deal with spills.
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WanderDan
All-Star Author Dayton

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Message Posted: Apr 9, 2013 6:23:37 PM

why don't they refine it THERE??????
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WanderDan
All-Star Author Dayton

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Message Posted: Apr 2, 2013 1:54:09 PM

the got us hooked like junkies...
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Gas4Gore
Champion Author Detroit

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Message Posted: Apr 1, 2013 11:17:22 PM

Maybe.
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txrojo2005
Champion Author Austin

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Message Posted: Apr 1, 2013 12:37:43 PM

Maybe.
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WanderDan
All-Star Author Dayton

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Message Posted: Apr 1, 2013 8:50:23 AM

so many old posts
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WanderDan
All-Star Author Dayton

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Message Posted: Mar 31, 2013 4:24:09 PM

logic plays no part in oil prices
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txrojo2005
Champion Author Austin

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Message Posted: Mar 29, 2013 8:45:50 AM

Boom towns tend to work this way and has for centuries.
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 29, 2013 5:52:03 AM

indeed, kar. Problem is, the boom won't last. And that means, lots of displaced folks.
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KAR120CSII
Champion Author Oregon

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Message Posted: Mar 28, 2013 12:42:40 AM

Yep -- and merchants getting thrown out of there business locations for big buck renters, as well as Seniors getting thrown out of there rented houses. Bad scene for the common folk.
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 28, 2013 12:10:50 AM

Kar: no surprise. Did you see the rent prices?
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Gas4Gore
Champion Author Detroit

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Message Posted: Mar 27, 2013 11:12:48 PM

Oh my.
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KAR120CSII
Champion Author Oregon

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Message Posted: Mar 27, 2013 1:41:02 AM

check out gas prices in ND -- they're getting scr***d.
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WanderDan
All-Star Author Dayton

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Message Posted: Mar 26, 2013 10:34:33 PM

this is te point so many dont get.. they blame the president or whoever they hate when it is time to realize big oil charges us whatever they want and what they think we will pay...
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pawnkingfour
Champion Author Georgia

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Message Posted: Mar 26, 2013 7:05:01 PM

Good news, but when are they going to lower prices at the pump?
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MAC48
Champion Author Dallas

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Message Posted: Mar 26, 2013 2:27:48 PM

One knew that the free market forces would eventually bring the price of the oil produced in Alberta and the Bakken shale formation in North Dakota would rise nearer to the world price of oil. At the lower prices, it was cost effective to use trains to get the oil from these areas to refiners by rail. It will be interesting to see at what price point it will no longer economically realistic to use rail to transport the Alberta and Bakken production to the refiners.
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dunedate
Champion Author California

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Message Posted: Mar 26, 2013 1:11:40 PM

that's just great
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Jeffro61
Champion Author Cleveland

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Message Posted: Mar 26, 2013 6:11:00 AM

Won't stay cheap.
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moose21040
Veteran Author Baltimore

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Message Posted: Mar 26, 2013 6:06:05 AM

I dont see cheap prices at the pumps
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speedraider
Champion Author Orlando

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Message Posted: Mar 26, 2013 5:59:50 AM

ok
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Ltdc
Champion Author Long Island

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Message Posted: Mar 26, 2013 5:58:34 AM

A lot depends on the quality of the crude.
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neptune2008
Champion Author Michigan

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Message Posted: Mar 26, 2013 5:56:26 AM

anything and everything
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LeeFree
Champion Author Pittsburgh

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Message Posted: Mar 26, 2013 5:56:11 AM

After you add the increased transportation cost how much are the refineries saving?
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Alderaan
Champion Author Greenville

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Message Posted: Mar 26, 2013 5:55:40 AM

okay.
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cookined
Champion Author Maine

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Message Posted: Mar 26, 2013 5:55:01 AM

Move on
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Ferdman17
Champion Author Albany

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Message Posted: Mar 26, 2013 5:54:33 AM

When you can buy something that cheap why wouldn't you.
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gaspumpin
Champion Author Indiana

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Message Posted: Mar 26, 2013 5:54:29 AM

We need the pipeline!!
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bad_sailor
Champion Author London

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Message Posted: Mar 26, 2013 5:53:46 AM

Pure bull!
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WEB0153
Champion Author Maryland

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Message Posted: Mar 26, 2013 5:51:28 AM

ok
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jeff95519
Champion Author California

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Message Posted: Mar 26, 2013 5:50:40 AM

so then what
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wkb03
Champion Author Georgia

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Message Posted: Mar 26, 2013 5:49:06 AM

A lesson to be learned here when thinking of CNG?
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epf
Champion Author Grand Rapids

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Message Posted: Mar 26, 2013 5:47:13 AM

Good news article helping us to keep perspective.
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ncclyde
Champion Author Charlotte

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Message Posted: Mar 26, 2013 5:46:24 AM

that's how it works. when the demand is higher of a limited item, the price will rise.
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GLM4205
Champion Author Toledo

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Message Posted: Mar 26, 2013 5:45:17 AM

SO old news???
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raccoon2011
Champion Author Massachusetts

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Message Posted: Mar 26, 2013 5:44:43 AM

old news
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Redink
Champion Author Indianapolis

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Message Posted: Mar 26, 2013 5:44:01 AM

Cheaper oil means more profit, as any savings are not passed down to the consumer.
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Beau2140
Champion Author New York

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Message Posted: Mar 26, 2013 5:43:06 AM

Nothing new.
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joekool1
Champion Author Toledo

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Message Posted: Mar 26, 2013 5:40:43 AM

thisj ust doesnt sound right, but maybe
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Lengas
Champion Author Gary

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Message Posted: Mar 26, 2013 5:40:15 AM

Big Oil Manipilation
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Foxt
Champion Author Minnesota

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Message Posted: Mar 26, 2013 5:39:37 AM

I speculate you are wrong.
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rjd1608
Champion Author Toledo

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Message Posted: Mar 26, 2013 5:38:50 AM

build the keystone pipeline
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Wizrd03
Champion Author Illinois

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Message Posted: Mar 26, 2013 5:34:57 AM

So they're buying oil at steep discounts and selling the refined gas at near record high prices...
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sappie
Champion Author Massachusetts

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Message Posted: Mar 26, 2013 5:34:27 AM

wont help at the pump.
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no_monkey2002
Champion Author Tallahassee

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Message Posted: Mar 26, 2013 5:32:37 AM

speculators at work
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vamike
Champion Author Virginia

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Message Posted: Mar 26, 2013 5:30:11 AM

Yesterday's news.
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warlord1
Champion Author Georgia

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Message Posted: Mar 26, 2013 5:28:22 AM

MORE GREED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Rainy1
Champion Author San Diego

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Message Posted: Mar 26, 2013 5:27:24 AM

Can't trust anyone, or anything!
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P H
Champion Author Albany

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Message Posted: Mar 26, 2013 5:22:36 AM

Paranoid Central!
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Maintroll
Champion Author Lexington

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Message Posted: Mar 26, 2013 5:19:41 AM

I don't think anyone is actually demanding this oil. It is that they just want to raise prices no matter what oil it is.
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Luckylindy
Champion Author Milwaukee

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Message Posted: Mar 26, 2013 5:17:45 AM

But the reason it was cheap was there was no way to transport it. To my knowledge keystone hasn't been built.
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