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Globe and Mail: In yesterday's budget, Finance Minister Doug Horner projected that Western Canadian Select, whose price has been well below global benchmarks because of pipeline constraints exacerbated by the shale boom in the United States, will continue to trade at a marked discount.
WCS, as it's known, is forecast to sell at an average 27-per-cent below West Texas Intermediate, or WTI, in the 2013-14 fiscal year. That's projected to shrink to 19 per cent by the next fiscal year, and it's hitting the province......
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Alberta’s loathed ‘bitumen bubble’ slams Canada’s rich province
Posted by Globe and Mail: Michael Babad on March 8th, 2013
Posted in Water Conservation