Canada's oil: Going south, west, or ... east?

03/19/2013

David Boisclair, economic consultant
The recent oil glut in the U.S. Midwest, which has resulted in a significant price discount for Canadian crude, and the projected increase in oil sands production are pressing industry to upgrade oil transport infrastructure in every direction. While the U.S. Gulf Coast is the primary target of current projects, access to other markets is also sought: Asia in the west, and Canada in the east. In the latter case, cheap Western Canadian crude would replace more expensive foreign oil in Eastern Canadian refineries. Issues in Brief

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