Canada gets about $30 to $35 less per barrel for their massive oil production, because they sanction and blockade their own oil. This has been going on for years. It is estimated they lose $800 million per DAY because of this! Who wins? Everyone but Canada, in fact when a court halted the Trans Pacific Pipeline today, USA and Brent crude went up. Even Iran only gets $2 less for their oil, but Canada gets $30-$35 less. It is economic insanity, yet they keep shooting themselves in the foot.
|WTI Crude||70.13||+0.62||+0.89%||(11 Minutes Delay)|
|Brent Crude||77.83||+0.37||+0.48%||(11 Minutes Delay)|
|Mars US||71.51||+0.98||+1.39%||(21 Hours Delay)|
|Opec Basket||74.48||-0.27||-0.36%||(29 August)|
|Canadian Crude Index||44.32||+0.72||+1.65%||(15 Minutes Delay)|
|DME Oman||75.95||+1.32||+1.77%||(23 Hours Delay)|
|Mexican Basket||65.62||+0.40||+0.61%||(29 August)|
|Indian Basket||74.75||-0.56||-0.74%||(29 August)|
|Western Canadian Select( Before Ruling)||37.01||+0.98||+2.72%||(29 August)|
The reason for this is they have blockaded pipelines to get the oil out for years and it is so bottlenecked, it cuts the price in about 1/2. And the media in Canada hides the massive losses for Canada this causes. This is just one pipeline project being blockaded, there are multiple, and this has been going on for years. Is this economic sabotage being hidden as “green” activism? Who is really behind this?