As of November 29th, the differential between Western Canadian - TopicsExpress



          

As of November 29th, the differential between Western Canadian Select and West Texas Intermediate was $31 dollars and the 2013 average has been $25.83. This translates into an average YTD price for WCS of $75. psac.ca/firstenergy/ If we were to be selling our energy internationally, we would be getting Brent pricing for our crude, which the YTD average has been $111 per barrel. eia.gov/dnav/pet/pet_pri_spt_s1_a.htm If you consider that Canada exports 1.75M bpd at an average provide of $75 bpd, we got $47.9B in 2013. If we were getting Brent pricing, we would have received $70.9B. Taking the difference and dividing by 365 days, one arrives at a daily loss of $63 million dollars. This translates into over $700 less GDP per capita for Canada in 2013, which is equivalent to 1.4% less per capita if you consider the 2012 GDP was $52k. (data.worldbank.org/indicator/NY.GDP.PCAP.CD) So yes, pipelines to our east and west coast will result in significant improvements in economic valuation for all Canadians.
Posted on: Sun, 01 Dec 2013 16:47:15 +0000

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