Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints
THE INVISIBLE COST OF PIPELINE CONSTRAINTS Over much of the last decade pipeline constraints and the resulting apportionment of pipeline capacity have meant reduced returns on Alberta’s Oil Exports. There is a natural price discount between the US benchmark West Texas Intermediate (WTI) Crude oil...
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| Format: | Article |
| Language: | English |
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University of Calgary
2018-03-01
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| Series: | The School of Public Policy Publications |
| Online Access: | https://dev.journalhosting.ucalgary.ca/index.php/sppp/article/view/43419 |
| _version_ | 1797754431102517248 |
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| author | G. Kent Fellows |
| author_facet | G. Kent Fellows |
| author_sort | G. Kent Fellows |
| collection | DOAJ |
| description |
THE INVISIBLE COST OF PIPELINE CONSTRAINTS
Over much of the last decade pipeline constraints and the resulting apportionment of pipeline capacity have meant reduced returns on Alberta’s Oil Exports.
There is a natural price discount between the US benchmark West Texas Intermediate (WTI) Crude oil price and the Canadian benchmark Western Canada Select (WCS) price. This differential reflects the lower quality of WCS relative to WTI and the costs associated with pipeline tolls to transport this oil from Alberta to US refining hubs. However, at present western Canada is experiencing significant pipeline capacity constraints which have dramatically increased this discount relative to historical levels
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| first_indexed | 2024-03-12T17:33:23Z |
| format | Article |
| id | doaj.art-2c21cfe6bb57448c8d088cfa93cb17dc |
| institution | Directory Open Access Journal |
| issn | 2560-8312 2560-8320 |
| language | English |
| last_indexed | 2024-03-12T17:33:23Z |
| publishDate | 2018-03-01 |
| publisher | University of Calgary |
| record_format | Article |
| series | The School of Public Policy Publications |
| spelling | doaj.art-2c21cfe6bb57448c8d088cfa93cb17dc2023-08-04T15:51:40ZengUniversity of CalgaryThe School of Public Policy Publications2560-83122560-83202018-03-0111Energy and Environmental Policy Trends: The Invisible Cost of Pipeline ConstraintsG. Kent Fellows0University of Calgary THE INVISIBLE COST OF PIPELINE CONSTRAINTS Over much of the last decade pipeline constraints and the resulting apportionment of pipeline capacity have meant reduced returns on Alberta’s Oil Exports. There is a natural price discount between the US benchmark West Texas Intermediate (WTI) Crude oil price and the Canadian benchmark Western Canada Select (WCS) price. This differential reflects the lower quality of WCS relative to WTI and the costs associated with pipeline tolls to transport this oil from Alberta to US refining hubs. However, at present western Canada is experiencing significant pipeline capacity constraints which have dramatically increased this discount relative to historical levels https://dev.journalhosting.ucalgary.ca/index.php/sppp/article/view/43419 |
| spellingShingle | G. Kent Fellows Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints The School of Public Policy Publications |
| title | Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints |
| title_full | Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints |
| title_fullStr | Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints |
| title_full_unstemmed | Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints |
| title_short | Energy and Environmental Policy Trends: The Invisible Cost of Pipeline Constraints |
| title_sort | energy and environmental policy trends the invisible cost of pipeline constraints |
| url | https://dev.journalhosting.ucalgary.ca/index.php/sppp/article/view/43419 |
| work_keys_str_mv | AT gkentfellows energyandenvironmentalpolicytrendstheinvisiblecostofpipelineconstraints |