Later, 1:25 p.m. Central Time: see first comment --
But here's the rub: market prices don't bear out what the Peak Oilers claim.
Eagle Ford condensate sells at only a $1.00 per barrel discount to Eagle Ford crude, and Eagle Ford crude sells at no discount to West Texas Intermediate (WTI).
In Canada, Edmonton condensate sells at no discount to WTI, and sells at a premium to Canadian Light crude.
To repeat: The United Arab Emirates will import the country's first oil cargo from the US as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row.Enbridge, 1 -- Chippewas, 0. Link here, data points:
Every Arab for himself.
- Canadian Supreme Court rules in favor of Enbridge
- Chippewas of the Thames First Nation in Ontario using same argument as their colleagues in Standing Rock
- Enbridge's Line 9, running between Sarnia, Ontario, and Montreal, through "what the Chippewas regard as their traditional territory"
twice in the past three weeks, and barely missed a record that third week.