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re: Fill me in on the Keystone XL Pipeline

Posted on 12/17/14 at 2:44 pm to
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 12/17/14 at 2:44 pm to
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 by C
Houston
Member since Dec 2007
27832 posts
Posted on 12/17/14 at 2:46 pm to
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 by DelU249
Austria
Member since Dec 2010
77625 posts
Posted on 12/17/14 at 2:47 pm to
(no message)
Posted by DelU249
Austria
Member since Dec 2010
77625 posts
Posted on 12/17/14 at 2:50 pm to
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
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