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Canadian Oil

How Big is Canada's Oil Subsidy to the U.S.?

Jeffrey Rubin | Posted 03.10.2013 | Business
Jeffrey Rubin

Before rushing ahead to double oil sands production -- and sending billions more in de facto energy subsidies to U.S. refiners -- Canadians may be better off if producers figure out how to capture more value from what they're already digging out of the ground.

The Hyped Distortion of Exchange Traded Oil Prices and the Price You Pay for Gasoline

Raymond J. Learsy | Posted 02.17.2013 | Business
Raymond J. Learsy

The U.S. benchmark for crude as traded on the New York Mercantile Exchange is West Texas Intermediate crude in Cushing, Okla. Its price has been hovering near $90/barrel these past weeks -- in spite of the fact that storage capacity at or near Cushing is filled to overflowing.