That's because Canadian oil is way cheaper than the 2 benchmark crude grades right now! Western Canadian Select is at 7.2$ a barrel compared to 21$/barrel for

That's because Canadian oil is way cheaper than the 2 benchmark crude grades right now! Western Canadian Select is at 7.2$ a barrel compared to 21$/barrel for the WTI. In fact, the oil itself is probably worth 0 (or less) since some sand oil producers are literally paying to get rid of their crude. It's hard to sell even sweet oils right now, so heavy blends that have little access to international markets like the Western Select are especially hurt by this enormous supply glut.