The Trans Mountain bunch are saying that apportionment is up to 32%. Apportionment is just a accountants way of say demand to use. However there are now reports that the Alberta government has been visiting their legislation from last year that made company’s limit production.

When a pipeline experiences significant and prolonged apportionment like in the case of the existing Trans Mountain Pipeline, it’s one signal that more capacity is needed. Apportionment can bring with it a discounting of prices as producers compete to sell what they can through the pipeline before having to use another pipeline or other modes of transport to another, less profitable market. It can also mean the buyers at the end of the pipeline are forced to source their shortfall of supply from alternate, less desirable sources.

Trans mountain..

Good to hear that things in Alberta are moving in a better direction.

The Balance predicts that world crude prices will average 61 dollars a Barrel in 2019.

On this Day: January 31st 1911

The first Monte Carlo rally. ( video below is later cars however the 1911 route)

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