Here is Bloomberg:
”The nation’s biggest railways haven’t been able to deliver enough cars after harsh winter conditions and as a sudden boom in energy production sparked a swell of demand. Some farmers have been waiting for months to deliver wheat and canola to elevators before they can get paid. The squeeze also means that crude supplies are piling up in Alberta, pushing prices to the biggest discount relative to New York futures in more than four years.”
Sand used in the fracking process is affected too:
”Earnings for Halliburton Co., the world’s biggest fracker, will be reduced this quarter due to temporary shipping delays of sand, the company said. Canadian National halted all new frack-sand shipments for a week across a wide section of Minnesota and Wisconsin amid winter weather. The region accounts for about a third of Halliburton’s total purchased sand volume, Chief Financial Officer Chris Weber told investors Thursday at the Credit Suisse Energy Summit in Colorado.”
Bloomberg provides a nice chart to illustrate widening price differentials:
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