Obama Got It Right: Tar Sands Pipeline Would Drive Up Prices

[oreo]

Supply and demand are the dictator of commodity prices. More oil--means less at the gas pump--less available oil means higher prices.

Obama DID NOT turn down the pipeline because of cost concern--he did it because he caved in to the EPA--even though this project has been studied for the last 3 years.



Obama, Harper show no budge on pipeline dispute - Boston.com

[/The construction of the Keystone XL pipeline will raise oil prices for Midwestern Americans. In official analysis provided to the Canadian National Energy Board, TransCanada reveals that the Keystone XL pipeline will raise oil prices throughout the Midwest and increase annual revenue to the Canadian tar sands industry in 2013 to the tune of between US $2 – $3.9 billion.1American families should not be forced to pay higher prices at the pump only to the line the pockets of the oil industry.

About Keystone XL:

•The Keystone XL pipeline is a 2,000 mile pipeline that would transport crude oil derived from Canadian tar sands from Alberta to Texas.
•The pipeline will raise gas and diesel prices in the Midwest, where they are already among the highest in the country. It is estimated that the added cost of the pipeline would be roughly equal to 15 cents per gallon, driving up the cost of living for families at a time when Americans can least afford it.
•The total drain on America’s economy and pocket books could total as much as $3.9 billion annually in 2013, according to what TransCanada told Canada’s National Energy Board.
•Any jobs created will be offset by the higher price of gas and the layoffs that result from the higher cost of doing business. Further, they will be temporary and may not go to local residents, or even Americans.
•TransCanada will generate billions of dollars in profits at the expense of American consumers, and that money will go back to Canada, deepening the U.S. deficit.
•The pipeline will facilitate Canadian crude oil exports to China, not the United States. The market for Canadian crude oil in the Gulf is small. Americans wouldn’t benefit from the crude oil piped in through the Keystone XL.

QUOTE]

Mid West Gas Prices - Dirty Oil Sands | A Threat to the New Energy Economy

No it wouldn't.

 

[Stephanie]

America is part of the world oil market. I know...this is a paradigm shift for you. Years of liberal brain washing has left you un-prepared for a reality check. Unlike gas markets, oil is very liquid with an active spot market. The main difference between a barrel of oil in China and one in Ohio is the $3-4 a bbl shipping cost. There are crude quality premiums/discounts, but they are about the same for most refineries.

oh please ! you guys gotta quit it with the sheepish Rush/Fox insults it's getting old.

when they resort to that line^^^^, you know their asses have been SPANKED. now say you made a mistake and go to bed without any supper.

 

[oreo]

America is part of the world oil market. I know...this is a paradigm shift for you. Years of liberal brain washing has left you un-prepared for a reality check. Unlike gas markets, oil is very liquid with an active spot market. The main difference between a barrel of oil in China and one in Ohio is the $3-4 a bbl shipping cost. There are crude quality premiums/discounts, but they are about the same for most refineries.

oh please ! you guys gotta quit it with the sheepish Rush/Fox insults it's getting old.

And when have you ever known of MORE of something has increased the price?--- An example please before you respond--and it better not be this bogus article.

 

[Truthseeker420]

oh please ! you guys gotta quit it with the sheepish Rush/Fox insults it's getting old.

when they resort to that line^^^^, you know their asses have been SPANKED. now say you made a mistake and go to bed without any supper.

As oppesed to your post which basiclly just said I hate liberals.

 

[Mr.Nick]

oh please ! you guys gotta quit it with the sheepish Rush/Fox insults it's getting old.

And when have you ever known of MORE of something has increased the price?--- An example please before you respond--and it better not be this bogus article.

In smart people land er reality - MORE decreases the price but progressives are fucking retarded, and supply and demand is too fucking complicated for them to understand..

 

[yidnar]

[/The construction of the Keystone XL pipeline will raise oil prices for Midwestern Americans. In official analysis provided to the Canadian National Energy Board, TransCanada reveals that the Keystone XL pipeline will raise oil prices throughout the Midwest and increase annual revenue to the Canadian tar sands industry in 2013 to the tune of between US $2 – $3.9 billion.1American families should not be forced to pay higher prices at the pump only to the line the pockets of the oil industry.

About Keystone XL:

•The Keystone XL pipeline is a 2,000 mile pipeline that would transport crude oil derived from Canadian tar sands from Alberta to Texas.
•The pipeline will raise gas and diesel prices in the Midwest, where they are already among the highest in the country. It is estimated that the added cost of the pipeline would be roughly equal to 15 cents per gallon, driving up the cost of living for families at a time when Americans can least afford it.
•The total drain on America’s economy and pocket books could total as much as $3.9 billion annually in 2013, according to what TransCanada told Canada’s National Energy Board.
•Any jobs created will be offset by the higher price of gas and the layoffs that result from the higher cost of doing business. Further, they will be temporary and may not go to local residents, or even Americans.
•TransCanada will generate billions of dollars in profits at the expense of American consumers, and that money will go back to Canada, deepening the U.S. deficit.
•The pipeline will facilitate Canadian crude oil exports to China, not the United States. The market for Canadian crude oil in the Gulf is small. Americans wouldn’t benefit from the crude oil piped in through the Keystone XL.

QUOTE]

Mid West Gas Prices - Dirty Oil Sands | A Threat to the New Energy Economy

bullshit !!! and besides he is quoted as saying under his administration energy costs would sky rocket !! why do liberals like you resort to lies to further your communist anti American agenda ?? next you're going to tell me he wants to lower fuel costs !!

 

[Truthseeker420]

oh please ! you guys gotta quit it with the sheepish Rush/Fox insults it's getting old.

And when have you ever known of MORE of something has increased the price?--- An example please before you respond--and it better not be this bogus article.

I posted an article that explained that it's not more oil for America,

 

[bripat9643]

but the study came from the Canadian Oil company that would build the pipeline.

The statistics come from a source who's only reason for being is to stop the pipeline from being built. We have "their" word that the statistics are accurate and for some reason they didn't provide a link TO the study from which those statistics were taken. I'm baffled as to why building a pipeline across the MidWest would raise the price of oil or gas for people in the MidWest. Care to explain why that would take place?

I imagine the simply added the cost of the pipeline to the current price of oil to arrive at their claim of "increased price." Of course, the price of transport is already figured into the current price of oil, much of which has to be shipped by tanker from the Middle East. Does anything think transporting by tanker and then truck or rail is cheaper than shipping by pipeline?

 

[Truthseeker420]

[/The construction of the Keystone XL pipeline will raise oil prices for Midwestern Americans. In official analysis provided to the Canadian National Energy Board, TransCanada reveals that the Keystone XL pipeline will raise oil prices throughout the Midwest and increase annual revenue to the Canadian tar sands industry in 2013 to the tune of between US $2 – $3.9 billion.1American families should not be forced to pay higher prices at the pump only to the line the pockets of the oil industry.

About Keystone XL:

•The Keystone XL pipeline is a 2,000 mile pipeline that would transport crude oil derived from Canadian tar sands from Alberta to Texas.
•The pipeline will raise gas and diesel prices in the Midwest, where they are already among the highest in the country. It is estimated that the added cost of the pipeline would be roughly equal to 15 cents per gallon, driving up the cost of living for families at a time when Americans can least afford it.
•The total drain on America’s economy and pocket books could total as much as $3.9 billion annually in 2013, according to what TransCanada told Canada’s National Energy Board.
•Any jobs created will be offset by the higher price of gas and the layoffs that result from the higher cost of doing business. Further, they will be temporary and may not go to local residents, or even Americans.
•TransCanada will generate billions of dollars in profits at the expense of American consumers, and that money will go back to Canada, deepening the U.S. deficit.
•The pipeline will facilitate Canadian crude oil exports to China, not the United States. The market for Canadian crude oil in the Gulf is small. Americans wouldn’t benefit from the crude oil piped in through the Keystone XL.

QUOTE]

Mid West Gas Prices - Dirty Oil Sands | A Threat to the New Energy Economy

bullshit !!! and besides he is quoted as saying under his administration energy costs would sky rocket !! why do liberals like you resort to lies to further your communist anti American agenda ?? next you're going to tell me he wants to lower fuel costs !!

I refer you to post #80.

 

[bripat9643]

I posted an article that explained that it's not more oil for America,

Your article is nothing but propaganda. Where are the original statistics they claim their conclusions are based on? I haven't been able to find them on the net. They appear to be a total fabrication.

 

[Listening]

[/The construction of the Keystone XL pipeline will raise oil prices for Midwestern Americans. In official analysis provided to the Canadian National Energy Board, TransCanada reveals that the Keystone XL pipeline will raise oil prices throughout the Midwest and increase annual revenue to the Canadian tar sands industry in 2013 to the tune of between US $2 – $3.9 billion.1American families should not be forced to pay higher prices at the pump only to the line the pockets of the oil industry.

About Keystone XL:

•The Keystone XL pipeline is a 2,000 mile pipeline that would transport crude oil derived from Canadian tar sands from Alberta to Texas.
•The pipeline will raise gas and diesel prices in the Midwest, where they are already among the highest in the country. It is estimated that the added cost of the pipeline would be roughly equal to 15 cents per gallon, driving up the cost of living for families at a time when Americans can least afford it.
•The total drain on America’s economy and pocket books could total as much as $3.9 billion annually in 2013, according to what TransCanada told Canada’s National Energy Board.
•Any jobs created will be offset by the higher price of gas and the layoffs that result from the higher cost of doing business. Further, they will be temporary and may not go to local residents, or even Americans.
•TransCanada will generate billions of dollars in profits at the expense of American consumers, and that money will go back to Canada, deepening the U.S. deficit.
•The pipeline will facilitate Canadian crude oil exports to China, not the United States. The market for Canadian crude oil in the Gulf is small. Americans wouldn’t benefit from the crude oil piped in through the Keystone XL.

QUOTE]

Mid West Gas Prices - Dirty Oil Sands | A Threat to the New Energy Economy

This is simply stupid. How do you build a pipeline that increases access to more oil and drive up prices. More supply for the same demand means lower prices.

Where did you go to school ?

If the oil from the "oil sands" is not competative, then the pipeline will be idle.

What a stupid article.

 

[Stephanie]

when they resort to that line^^^^, you know their asses have been SPANKED. now say you made a mistake and go to bed without any supper.

As oppesed to your post which basiclly just said I hate liberals.

point out where I said HATE ? or are you going to lie about that too?

 

[Listening]

America is part of the world oil market. I know...this is a paradigm shift for you. Years of liberal brain washing has left you un-prepared for a reality check. Unlike gas markets, oil is very liquid with an active spot market. The main difference between a barrel of oil in China and one in Ohio is the $3-4 a bbl shipping cost. There are crude quality premiums/discounts, but they are about the same for most refineries.

oh please ! you guys gotta quit it with the sheepish Rush/Fox insults it's getting old.

Defend you assertion.

I work in this industry and you can bet that refiners take the cheapest oil they can get.

Many refiners can't run this crude. It is to sour. Also, it gives off more gas oil so you need a certain ration of FCC to crude distillation or else your other units will run short.

That isn't Fox. It's reality.

 

[Mr.Nick]

And when have you ever known of MORE of something has increased the price?--- An example please before you respond--and it better not be this bogus article.

I posted an article that explained that it's not more oil for America,

It is more oil for the US and that is not a bad thing, its a good thing.

 

[Listening]

Increased supply raises prices.



Good one

Gas prices: Keystone XL will increase gas prices for Americans—Especially Farmers
•By draining Midwestern refineries of cheap Canadian crude into export-oriented refineries in the Gulf Coast, Keystone XL will increase the cost of gas for Americans.
•TransCanada’s 2008 Permit Application states “Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
•Independent analysis of these figures found this would increase per-gallon prices by 20 cents/gallon in the Midwest.
•According to an independent analysis U.S. farmers, who spent $12.4 billion on fuel in 2009 could see expenses rise to $15 billion or higher in 2012 or 2013 if the pipeline goes through. At least $500 million of the added expense would come from the Canadian market manipulation

Key Facts on Keystone XL | Tar Sands Action

This is to funny.

The price of Canadia crude is in relation to what they can get other crudes for. Once they take into account properties and transportation, they will argue over fractions of cent. And you think they are going to get 20 cents /gallon more ?

I have a bridge to sell you somewhere.

If canada manipulates the market, saudi crude will come rushing in. Or domestic crudes will take over.

That anyone would post this drivel is beyond pale.

 

[yidnar]

As oppesed to your post which basiclly just said I hate liberals.

point out where I said HATE ? or are you going to lie about that too?

i hate libbs and everything about their lying,whining,filthy,treasonous,anti American, std spreading,LAZY ASSES !!

 

[bripat9643]

This is simply stupid. How do you build a pipeline that increases access to more oil and drive up prices. More supply for the same demand means lower prices.

Where did you go to school ?

If the oil from the "oil sands" is not competitive, then the pipeline will be idle.

What a stupid article.

Truthseeker420 claims the oil companies are being forced to use the pipeline. Of course, all these claims are based on nothing but the word of some rabid anti-corporate, anti-oil propaganda website.

 

[Listening]

So, what are the generally accepted rules of supply, demand, and price?

When twelve super models show up at my Penthouse, all at the same time, guess who gets to set the price...

I'm not sure what you're trying to get at here. Last time I checked, the US isn't facing a lack of supply of oil. Not only that, but it's not a simple matter of supply and demand. There are alot of additional factors that go into it. If the cost of doing business goes up for the oil companies because of this pipeline, then they're going to raise prices on the consumers.

Not when someone can take their place. Good grief, don't you understand supply and demand ?

 

[Listening]

This is simply stupid. How do you build a pipeline that increases access to more oil and drive up prices. More supply for the same demand means lower prices.

Where did you go to school ?

If the oil from the "oil sands" is not competitive, then the pipeline will be idle.

What a stupid article.

Truthseeker420 claims the oil companies are being forced to use the pipeline. Of course, all these claims are based on nothing but the word of some rabid anti-corporate, anti-oil propaganda website.

First, not all refineries can use Canadian Crude. It is very sour and is high in gas oil. You need a refinery that has the right metalurgy and the right mix of processing units. Generally, they will need a hydrocracker.

Second, if those who sign up are forced to buy crude at expensive prices, they will go out of business very fast. So it won't happen.

No pipeline is going to force expensive crude on any refining operation and refiners won't sign up for anything like that.

If it isn't cost effective, it won't happen.

 

[Mr.Nick]

This is simply stupid. How do you build a pipeline that increases access to more oil and drive up prices. More supply for the same demand means lower prices.

Where did you go to school ?

If the oil from the "oil sands" is not competitive, then the pipeline will be idle.

What a stupid article.

Truthseeker420 claims the oil companies are being forced to use the pipeline. Of course, all these claims are based on nothing but the word of some rabid anti-corporate, anti-oil propaganda website.

First, not all refineries can use Canadian Crude. It is very sour and is high in gas oil. You need a refinery that has the right metalurgy and the right mix of processing units. Generally, they will need a hydrocracker.

Second, if those who sign up are forced to buy crude at expensive prices, they will go out of business very fast. So it won't happen.

No pipeline is going to force expensive crude on any refining operation and refiners won't sign up for anything like that.

If it isn't cost effective, it won't happen.

You mean individual choices???

That is apparently too difficult for some mules.