CBC News: Why Canada just pumps out cheap oil
April 20, 2012 – MLI’s Brian Lee Crowley is quoted in a CBC News article today on the economics of oil refining. Here is what he has to say:
Brian Lee Crowley of the Macdonald-Laurier Institute agrees that the economics of refining are tricky. “Anything below 200,000 barrels per day isn’t economical anymore,” he notes.
“It’s a hugely complicated issue but at the moment, increasing Canadian refining capacity isn’t the best way to get top dollar for Canadian oil,” Crowley says. “Pipelines make more sense.”
To read the full CBC News article, click here.
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