India will be taking one of the first tanker loads of oil off the expanded Transmountain Pipeline, which is scheduled to start shipping in May.
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Was just about to type pretty much the exact same thing.Crude oil from different oil fields and regions have their own unique properties. The Canadian stuff is real crud. A lot of refineries would never be able to process a steady diet of it. Probably the best quality crude comes from Nigeria, ideal for producing gasoline and diesel.
Seventy eight refineries in the USA process this “ Crud “. If you recently took a ride on a jet plane chances are the jet fuel was processed from this.Crude oil from different oil fields and regions have their own unique properties. The Canadian stuff is real crud. A lot of refineries would never be able to process a steady diet of it. Probably the best quality crude comes from Nigeria, ideal for producing gasoline and diesel.
Its expensive to process. Which is why it trades at a discounted price to Texas Intermediate and Brent. And, depending on the design of the refinery, the amount that can be processed per day may be limited.Seventy eight refineries in the USA process this “ Crud “. If you recently took a ride on a jet plane chances are the jet fuel was processed from this.
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Skate to where the puck is going!Was just about to type pretty much the exact same thing.
The bitumen being produced by CNRL and MEG on these loads is very thick nasty stuff. It is diluted with condensate and the like but it’s nothing at all like the light crude oil that the Cali refineries are designed for.
It’s easy to think it’s all politics but there’s a bit more to it.
I like how it’s “Trudeau’s” pipeline. They blocked the private sector from completing it, then used tax payers money to buy it for 2x(or more) than it was worth and now he gets the headlines…