Quote:
Originally Posted by Badhobz
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Including Canadian crude.
https://business.financialpost.com/c...-face-shut-ins
Quote:
CALGARY – Canadian heavy oil prices plunged to a new low on Friday that could force domestic oilsands sector to shut in production to survive the historic collapse, according to a new report from Wood Mackenzie.
The price of Western Canada Select, the domestic heavy oil benchmark, followed up a brutal 30 per cent plunge on Thursday with another 28 per cent fall on Friday to reach US$4.58 per barrel — just a fraction of other price benchmarks.
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Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz
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