It's wrong to assume that a pipeline is going to turn bitumen into light oil. If you ship it to the coast, it's still going to trade at a discount that reflects its quality. You just lose that geographic discount.
Associate Professor, Alberta School of Business, University of Alberta, As an Individual
It's wrong to assume that a pipeline is going to turn bitumen into light oil. If you ship it to the coast, it's still going to trade at a discount that reflects its quality. You just lose that geographic discount.
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