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Wednesday, January 20th 2021, 2:59 AM EST
Experts believe gas prices will continue to increase due to price of oil
Gas prices are not only increasing in New York state but across the nation as well due to the price of crude oil going up.
Experts say gas prices will not go down until the price of oil does.
With the inauguration today, the Biden Administration plans to cancel the Keystone XL Pipeline on his first day in office.
This move would impact the oil industry.
And so experts are trying to point out to Biden a simple fact: Canada will move this 1 million barrels per day somehow!
As oil/gas accounts for 23% of their GDP, Canada WILL move that oil somehow and the worst environmental potential destruction
is when a 1 million barrel oil tanker is on the open ocean. Versus a 700 barrel per mile potential on dry land via Keystone.
Experts believe gas prices will continue to increase due to price of oil
Gas prices are not only increasing in New York state but across the nation as well due to the price of crude oil going up.
Experts say gas prices will not go down until the price of oil does.
With the inauguration today, the Biden Administration plans to cancel the Keystone XL Pipeline on his first day in office.
This move would impact the oil industry.
Experts believe gas prices will continue to increase due to price of oil
You may have noticed it has cost you a little more money to fill up your gas tank recently.
www.weny.com
And so experts are trying to point out to Biden a simple fact: Canada will move this 1 million barrels per day somehow!
As oil/gas accounts for 23% of their GDP, Canada WILL move that oil somehow and the worst environmental potential destruction
is when a 1 million barrel oil tanker is on the open ocean. Versus a 700 barrel per mile potential on dry land via Keystone.
How Important is Oil to the Canadian Economy?
Just how important is oil to Canada's economy? Learn about Canada's massive oil export trade surplus, oil and gas industry contribution to GDP and more.
www.canadaaction.ca