(Nearly) Free Oil, Anyone? Oilsands Product Sells At Bargain-Basement $16 A Barrel
Canadian oil can’t get to the world, and the world won’t pay for what it can’t have. The result? Canadian crude was trading at a 77-per-cent discount to benchmark North American oil at the end of this week. Prices have fallen for much of the past two weeks, with Western Canadian Select (WCS) — the…