Western Canada heavy crude oil is largely captive to demand by U.S. refineries that are configured to process heavy crude oil.
oil export
May 31, 2013
2:00AM
On the last day of May, the government of British Columbia gave the back of its hand to Alberta and indirectly to the rest of Canada, which benefitsand could benefit morefrom continued development of Albertas oilsands. Claiming insufficient environmental protections, the BC government rejected the proposed Northern Gateway pipeline project that would bring bitumen from Albertas oilsands to Kitimat, where it could be exported to markets in Asia.