Deloitte: TMX Pipeline expansion will drive up oil prices

Andrew Botterill, national Oil, Gas & Chemicals leader at Deloitte Canada discusses how the TMX expansion could impact the differential between Western Canadian Select and West Texas Intermediate.
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[@barrybrand2970]

SO WHAT IS WRONG WITH ALBERTA GETTING MORE FOR ITS OIL NOTHING!

[@steven4315]

Good for Alberta oil producers, bad for refineries in Canada and the US that use Alberta oil. They will pass on the cost. It is kinda ironic that Canadian taxpayers that paid to have TMX built will be rewarded with higher prices at the pump.

[@barrybrand2970]

@@steven4315 ONLY till these criminals are removed from government, then mabe common sense.

[@steven4315]

@@barrybrand2970 You were happy Alberta oil producers were getting more money for their oil. Thanks to the TMX, Alberta oil producers are getting more money for their oil. Refineries that buy Alberta oil will pay more and pass those costs onto the people who buy their products. Don't see how an election can change that.

[@MCBC_5]

excellent will keep inflation up and keep interest rates high for perpetuity

[@danielpistor950]

Q ball

[@janiceho6034]

How supply more and demand the same that will boost oil price? Non sense

[@steven4315]

Because Alberta oil was hard to ship out, refineries that used Alberta oil (BP Whiting in Indiana is one example) enjoyed a discount when buying Alberta oil. That discount will be smaller or disappear.

[@chriauc2976]

Alberta shipping oil to whom ? Is the question who has the refining for that glue ? CHINA ? Is this why the pipeline steel is made in CHINA ?
Are we helping an enemy smart

[@steven4315]

BP Whiting refinery in Indiana uses this oil. Because TMX can now ship out oil, we can expect the discount Whiting gets on 'Western Canadian Select' oil to decrease. This will likely result in higher gas prices in the US Midwest.