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Message
Fill me in on the Keystone XL Pipeline
Posted on 12/17/14 at 2:33 pm
Posted on 12/17/14 at 2:33 pm
I'm reading articles like this that say it will be a high priority on the Senate's to-do list for next year.
But then I read articles like this that says it "no longer makes economic sense" anymore.
Where do you guys stand on this issue...?
Ok. That was a really DUMB question.
Try this one: is this really a high-priority issue? What issues would you consider 'higher'? Repealing Obamacare? Thoughts?
But then I read articles like this that says it "no longer makes economic sense" anymore.
Where do you guys stand on this issue...?
Ok. That was a really DUMB question.
Try this one: is this really a high-priority issue? What issues would you consider 'higher'? Repealing Obamacare? Thoughts?
6
Posted on 12/17/14 at 2:37 pm to EthanL
quote:
says it "no longer makes economic sense" anymore.
That's just silly. Of course it makes sense. Do they really think all that development in Canada is just going to come to a halt? Oil is coming to market either by rail or pipeline. Pipeline is safer and cheaper. /thread
Posted on 12/17/14 at 2:37 pm to EthanL
With oil at its current price level, it does not make economic sense...which is why OPEC is pumping oil like crazy.
Posted on 12/17/14 at 2:38 pm to EthanL
It's a high-priority issue because the Saudis aren't going to keep pumping freebie oil forever. When they raise the prices back up, we'll need to be right back at working toward energy independence. The writer of the MSN article is very near-sighted.
Repealing the ACA is a much higher issue, but the GOP will probably puss out and just make tweaks. Our only real hope on that is the SCOTUS in the Spring.
Another big priority is fixing the tax code. At the very least it needs to be simplified down to just 4 levels of income but the ideal (to me, at least) would be a flat tax and Congress has to learn to live within its means.
Repealing the ACA is a much higher issue, but the GOP will probably puss out and just make tweaks. Our only real hope on that is the SCOTUS in the Spring.
Another big priority is fixing the tax code. At the very least it needs to be simplified down to just 4 levels of income but the ideal (to me, at least) would be a flat tax and Congress has to learn to live within its means.
Posted on 12/17/14 at 2:39 pm to udtiger
quote:
which is why OPEC is pumping oil like crazy.
Which isn't what's happening.
Posted on 12/17/14 at 2:39 pm to EthanL
It will safely transport oil from Canada to the refineries in the south, decreasing the chances of a spill, creating a shite load of construction jobs for some time, and making gas cheaper
Basically, liberals want the oil trucked, because of the higher risk of spilling and the carbon emissions are great for the environment, oh wait. Man it's so hard to keep up with their arguments
Liberals are anti future, anti environment...see nuclear energy
Basically, liberals want the oil trucked, because of the higher risk of spilling and the carbon emissions are great for the environment, oh wait. Man it's so hard to keep up with their arguments
Liberals are anti future, anti environment...see nuclear energy
Posted on 12/17/14 at 2:41 pm to DelU249
OPEC doesn't set prices. Barry will just veto it because his buddy Buffet will loose a shitload of railcar money if this pipeline happens.
Posted on 12/17/14 at 2:43 pm to bamarep
Buffet is going to make money on both sides of the coin - with keystone and without it.
Posted on 12/17/14 at 2:44 pm to DelU249
quote:
and making gas cheaper
That's not part of the equation and isn't true.
This post was edited on 12/17/14 at 2:46 pm
Posted on 12/17/14 at 2:46 pm to EthanL
This should have been approved 3 years ago. It's a damn fine joke to see how this has been handled.
Posted on 12/17/14 at 2:46 pm to cwill
quote:
That's not part of the equation and isn't true.
Yep the one thing we've seen is improving oil production capabilities in north America has no impact on global oil prices...
Posted on 12/17/14 at 2:47 pm to cwill
(no message)
Posted on 12/17/14 at 2:48 pm to DelU249
Did you do a little research and discover it's not true?
Posted on 12/17/14 at 2:50 pm to cwill
When you greatly reduce costs, you lower the price for your product.
It also forces other sellers in the market to compete with that lowered cost. Even if they're a cartel
It also forces other sellers in the market to compete with that lowered cost. Even if they're a cartel
Posted on 12/17/14 at 2:50 pm to udtiger
quote:
With oil at its current price level, it does not make economic sense...which is why OPEC is pumping oil like crazy.
:rotflmao: :rotflmao: :rotflmao: :rotflmao:Posted on 12/17/14 at 2:55 pm to DelU249
quote:
When you greatly reduce costs, you lower the price for your product.
It also forces other sellers in the market to compete with that lowered cost. Even if they're a cartel
I know that sounds good and in a economic vacuum that is true...BUT, in this case, the reason the pipeline is being built is to get the oil to the gulf coast where the producers can get a higher price for their oil. The first leg has already been built from Cushing to the Houston Ship Channel...Permian and MidCon players wanted that bad because all of their oil was stuck up in Nebraska and they were getting a very low WTI price with additional deducts for the oil coming out of the Permian.
Also, transportation costs of oil sands isn't going to change the market price of oil.
Posted on 12/17/14 at 2:57 pm to DelU249
quote:
When you greatly reduce costs, you lower the price for your product.
Except the shale oil from Canada is not being sold to the US its being sold abroad for consumption abroad and the money goes to Canada. This will have no effect on oil/gas prices here.
The only economic benefit for the US is the construction and infrastructure jobs.
Posted on 12/17/14 at 3:04 pm to Cruiserhog
Yeah, and an increase in supply, lowers costs...I'm sorry you're against free trade. There's nothing illegal or dangerous about exporting and the increase of supply marked at a lower costs forces competitors to respond. When you're talking about a cartel that colludes to frick over everyone, they can and will be forced to meet that lower price because it's all about insane Mark up for them versus inflated infrastructure/transportation costs
Competition does wonderful things.
Competition does wonderful things.
Posted on 12/17/14 at 3:07 pm to DelU249
It is illegal to export oil in the US.
How does that fit into your "free trade" argument?
How does that fit into your "free trade" argument?
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