The Cost of Underselling Canadian Oil and Gas to the USA

The Cost of Underselling Canadian Oil and Gas to the USA

From the Frontier Centre for Public Policy Canadians can now track in real time how much revenue the country is forfeiting to the United States by selling its oil at discounted prices, thanks to a new online tracker from the Frontier Centre for Public Policy. The tracker shows the billions in revenue lost due to limited access to distribution for Canadian oil. At a time of economic troubles and commercial tensions with the United States, selling…

Canada is losing billions by underselling oil and it’s hurting us all

A lack of export options is quietly costing us tens of billions of dollars a year The post Canada is losing billions by underselling oil and it’s hurting us all first appeared on Calgary's Business.

The Cost of Underselling Canadian Oil and Gas to the USA | Frontier Centre For Public Policy

Forced by a lack of pipeline capacity, Canada sells most of its oil and natural gas to the U.S. at a discount of ~$20 per barrel and ~$2 per Gigajoule. With over 2 million barrels and 12.3 million Gigajoules exported daily, the loss adds up fast.