If you are correct, it would make my position somewhat different, I think.
If it is not for us, what is the point, then, except jobs (which admittedly is nothing to sniff at, but still...)?
Is the oil even for US consumption? Or is it so we can export gasoline and other refined products?
If you are correct, it would make my position somewhat different, I think.
If it is not for us, what is the point, then, except jobs (which admittedly is nothing to sniff at, but still...)?
As I understand it, US refineries are working below capacity but providing all the product the US needs. I don't know what this pipeline would do for the price of US gas or oil in general, since the oil is still coming onto the market no matter where it goes. I'm trying to figure out where the boon is after its construction.
Thank you. I didn't know that. And it does then, seem less compelling, doesn't it? Why is Canada so upset then? Why do they care where their oil goes? Is it the jobs issue for them as well?
I imagine the money would be coming in quicker and there might be a possibility of the pipeline's facilitating more flexible delivery in response to the market.
I don't get the "pipeline = lower oil and gas prices" argument on its face unless we plan on keeping all the gas refined from it and flooding the market. And that doesn't make sense because that could be done now.
From the US POV it just looks like an opportunity to use excess refining capacity. From the Canadian POV, I can only guess it's a reliable and flexible (timing-wise) delivery system.
This needs to and will be passed.
Also, Valero's Port Arthur refinery is in a Foreign Trade Zone, so import and export taxes won't be imposed.
Right.
How convenient.
"excess refining capacity"
in 2008, people here were saying gas prices were high due to restricted supply due to evil environmentalists blocking new refineries (aka "cancer clusters").
So which is it? under or over capacity?
XL pipeline is no benefit to Human-Amercians, only to oilcos and their investors.
It's going to be so nice when we can line you ing communists in a row and blow off the backs of your skulls.
It was always Canada's oil and they are going to export it however they can. Stopping the pipeline through the U.S. doesn't keep Canada from building a pipeline to export to China. The only thing is stops is Gulf Coast refineries from getting more Canadian oil, so instead they'll keep using Venezuelan oil, which keeps the money going to your comrade Hugo, which is all this is really about.
Those who claim to oppose it for "environmental" reasons are either lying or stupid. If you are lying, and really are just interested in sustaining a Marxist enemy state, you are a traitor and deserve death. If your goal is to keep oil prices high and working Americans suffering in order to stave off some indeterminate future global warming disaster, you are equal parts traitor and idiot and deserve death.
I take delight in your future suffering and demise. Vermin.
Missed that guy. I can see how this pipeline can work and benefit some Americans. I just don't see the need to rush anything.
it's more probable to assume that the oilcos intend to export the oil products to central/south america.
Democrats Propose Gas Price Protection Export Ban For Keystone XL
On Friday, House Democrats led by Rep. Ed Markey (D-MA) introduced legislation that would ban exports of the output of the Keystone XL tar sands pipeline, including refinery output, ensuring that its crude oil and gasoline would benefit American consumers. Senate Majority Leader Harry Reid (D-NV), Sen. Mark Pryor (D-AR), Sen. Ron Wyden (D-OR), and Sen. Jeff Bingaman (D-NM) have all indicated that they are likely to support the initiative to ensure Americans aren’t assuming the risk of a foreign oil pipeline entirely for foreign benefit.
http://thinkprogress.org/green/2012/...r-keystone-xl/
Also, penalty for spills need to be increased to $1000/barrel, AFTER the actual cleanup costs are paid for by the pipeline/oil owners.
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