Canada apporves new oil pipeline

[Mr. H.]

How does Keystone help the US?

It doesn't and it never could. Piping the most expensive oil in the world to our refineries for export will not lower the price of gas by even one penny.

You are a liar and a charlatan. You know not of what you speak, and you foment derision with your idiotic statements.

 

[Discombobulated]

How does Keystone help the US?

It doesn't and it never could. Piping the most expensive oil in the world to our refineries for export will not lower the price of gas by even one penny.

You are a liar and a charlatan. You know not of what you speak, and you foment derision with your idiotic statements.

Do you always sound like you've got a stick up your ass?

 

[Mr. H.]

It doesn't and it never could. Piping the most expensive oil in the world to our refineries for export will not lower the price of gas by even one penny.

You are a liar and a charlatan. You know not of what you speak, and you foment derision with your idiotic statements.

Do you always sound like you've got a stick up your ass?

Nah, just waxing poetic.

 

[Toro]

and this:

Pictures: Satellite Views of Canada's Oil Sands Over Time

And?

Nobody ever went there before.

Albertans are very supportive of oil sands development. It's their land, not yours.

99% of Canada's wilderness is pristine. The other 1% makes Canadians rich.

not if we annexed it bitchez!!! [MENTION=2926]Toro[/MENTION] Besides, its Mother Earth's land for posterity

American imperialism doesn't work well in Canada.

Besides, you liberal pussies can't annex anything. The troops might trample over some flowers, and we can't have that!

 

[Toro]

tar sand is NOT crude....

our oil ? you're Canadian ?

Yes, and so am I. I have many friends in Alberta. My brother lives in Calgary and has worked in the oil patch.

It's none of your business what we do with our natural resources. If you don't like it, don't buy it. We'll build a pipeline to the coast and sell it to China. We don't give a shit what a bunch of smarmy, over-bearing, foreign, urban environmentalists who've never been there think.

yes it is. this issue transcends manmade drawn boundaries. Do you think there will be a Canada there 1000 years from now? Conservatives short-term gain, long-term pain. Ever heard of the terms: "posterity" or "stewardship"?

Re "man-made borders:" See above post regarding American imperialism.

I'm pretty sure that the other 99% of Canada's pristine wilderness will hold up fine. And the 1% the white-whine socialists agonize over will be fully grown forests in a few generations.

 

[KissMy]

The Koch Brothers should have stopped bashing Obama & been supportive like Warren Buffet who make big money off them hauling their oil by train.

 

[rightwinger]

There is no difference between spending on a vacation or spending on repairs. It's still spending. And in he case of 'infrastructure jobs', it's about spending money that doesn't exist. The money has to come of somewhere. Democrats don't understand this.

More reasons we don't elect TeaTards

Where do you get the money?

Many places....Fuel surcharges, taxes and municipal bonds

It is what societies do to remain relevant in a modern world

 

[Dot Com]

How does Keystone help the US?

It doesn't and it never could. Piping the most expensive oil in the world to our refineries for export will not lower the price of gas by even one penny.

Its a no-brainer. We're taking all the risks and no amt of money can clean-up a contaminated acquifer, were that to happen given the 300+ leaks that have already occurred on another keystone pipeline.

 

[Moonglow]

How does Keystone help the US?

the pipeline would run through the oil patch

ending the need to haul crude oil through communities

all over the midwest

No it would not, the pipeline does not send all crude deliveries...

 

[Mr. H.]

The Koch Brothers should have stopped bashing Obama & been supportive like Warren Buffet who make big money off them hauling their oil by train.

No one should say an unkind word against the Dear Leader.

 

[JT8691]

How does Keystone help the US?

Jobs would obviously be created in the US even if most are short term it would give the country some time to recover from the Obama malaise.

Any way read here: Myths & Facts | Keystone XL Pipeline

Are you saying that government can create jobs? Just wondering.

 

[Rotagilla]

How does Keystone help the US?

Jobs would obviously be created in the US even if most are short term it would give the country some time to recover from the Obama malaise.

Any way read here: Myths & Facts | Keystone XL Pipeline

Are you saying that government can create jobs? Just wondering.

I think he means that industry creates jobs.
Government policies affect industry.

 

[Siete]

Keystone gives the right something to align themselves with and practice their trade.

Being irrelevant about something irrelevant.

 

[Rotagilla]

Keystone gives the right something to align themselves with and practice their trade.

Being irrelevant about something irrelevant.

Speaking of irrelevant...that was hilarious yesterday when you got caught citing a law that didn't even exist!...really supporting your case well there, champ!

if a pipeline has such a tremendous effect on the price of oil then explain exactly why Florida has a ban on ALL offshore drilling within the 100 mile barrier.How much effect would 10-20-100 oil rigs have on the price of gas/oil ?

your 100 mile claim is an exaggeration but...that's to be expected...

and your brilliant response...along with the standard juvenile insults...is to cite a law that doesn't exist!..LMFAO....

and then there's this little FACT

The Gulf of Mexico Energy Security Act of 2006 (GOMESA) included provisions that:[5]
required 8.3 million acres of the Gulf opened for lease, including 5.8 million acres previously protected by Congressional moratoria;
declared much of the Gulf of Mexico Eastern Planning Area off-limits to oil and gas leasing until 2022, and offering incentives for leaseholders to abandon existing leases within moratorium areas; and
banned oil and gas leasing within 125 miles of the Florida coastline within the Gulf's Eastern Planning Area, or east of the Military Mission Line



really, I just provided the proof, you just provided your ignorance. You and 76 go hump each others leg, maybe one of you will catch an IQ point or two

So I fully exposed you as a fraud.

https://www.govtrack.us/congress/bil...s3711#overview

This bill was introduced in a previous session of Congress and was passed by the Senate on August 1, 2006 but was never passed by the House.


S. 3711 (109th): Gulf of Mexico Energy Security Act of 2006

Introduced:
Jul 20, 2006 (109th Congress, 2005–2006)
Status:
Died (Passed Senate) in a previous session of Congress

I know you won't apologize...you'll slink off in silence...or just pretend it never happened..LMAO...fool.

and unfazed, you come back today talking the same nonsense....except you left out the insults...They're coming, though, I wager.

 

[kaz]

Why not?

Because he doesn't understand supply and demand

What Determines Oil Prices?

OK, here's what's wrong with the statement that it's not just supply and demand, it's speculators. Speculators are speculating on supply and demand, it's still supply and demand. Here's how it works.

If you think oil prices will go up, you buy contracts to buy oil at certain prices in the future so that you can buy them what will then be below market (by supply and demand) and sell them at a higher price in the future and make a windfall profit.

If you think oil prices will go down, you buy contracts to sell oil at certain prices in the future so that you can buy oil in the future at a lower price and sell it at what will then be a higher price and make a windfall profit.

In the short run, speculators do affect the price of future oil prices. Let's say there's a massive new oil project in Russia, one that if successful will clearly flood the market with new oil and reduce prices. Some people think that it will be successful and there will be downward pressure on oil prices in 5 years. They buy futures contracts to sell oil in five years at prices set today expecting to be able to buy it on the market in five years cheaper than is currently expected.

Now let's say other speculators think the project is going to be a dud, maybe not produce significant oil for 20 years. They are thinking Russian political corruption and technological issues are going to seriously delay the project. They are seeing other speculators buy contracts to sell oil. What do they do? They start buying contracts to buy oil at certain prices thinking oil will rise more than expected and they will be able to sell it later for a higher price.

Now suppose in six months, there is a political scandal in Russia and it looks like the oil project will be impacted and everyone thinks this is going to delay the project. The people who bought contracts now to buy oil in the future are going to buy contracts now to sell oil in the future to hedge against what they are now thinking will be losses. The people who guessed correctly it will be delayed will start selling their contracts and take gains now.

So, speculators do add volatility to the market, and they do affect prices, but they are still speculating on supply and demand. Supply and demand is the fundamental driver of oil prices.

Do you feel me, LoneLaugher? I appreciated the note requesting I really read it and seriously comment. Just so you know, I have an MBA in finance and years of experience in both the financial services and energy sectors.

 

[Rotagilla]

Because he doesn't understand supply and demand

What Determines Oil Prices?

OK, here's what's wrong with the statement that it's not just supply and demand, it's speculators. Speculators are speculating on supply and demand, it's still supply and demand. Here's how it works.

If you think oil prices will go up, you buy contracts to buy oil at certain prices in the future so that you can buy them what will then be below market (by supply and demand) and sell them at a higher price in the future and make a windfall profit.

If you think oil prices will go down, you buy contracts to sell oil at certain prices in the future so that you can buy oil in the future at a lower price and sell it at what will then be a higher price and make a windfall profit.

In the short run, speculators do affect the price of future oil prices. Let's say there's a massive new oil project in Russia, one that if successful will clearly flood the market with new oil and reduce prices. Some people think that it will be successful and there will be downward pressure on oil prices in 5 years. They buy futures contracts to sell oil in five years at prices set today expecting to be able to buy it on the market in five years cheaper than is currently expected.

Now let's say other speculators think the project is going to be a dud, maybe not produce significant oil for 20 years. They are thinking Russian political corruption and technological issues are going to seriously delay the project. They are seeing other speculators buy contracts to sell oil. What do they do? They start buying contracts to buy oil at certain prices thinking oil will rise more than expected and they will be able to sell it later for a higher price.

Now suppose in six months, there is a political scandal in Russia and it looks like the oil project will be impacted and everyone thinks this is going to delay the project. The people who bought contracts now to buy oil in the future are going to buy contracts now to sell oil in the future to hedge against what they are now thinking will be losses. The people who guessed correctly it will be delayed will start selling their contracts and take gains now.

So, speculators do add volatility to the market, and they do affect prices, but they are still speculating on supply and demand. Supply and demand is the fundamental driver of oil prices.

Do you feel me, LoneLaugher? I appreciated the note requesting I really read it and seriously comment. Just so you know, I have an MBA in finance and years of experience in both the financial services and energy sectors.

"You must spread some reputation around before giving it to kaz again"

 

[kaz]

More for you.

Tasnim News Agency - Oil Prices to Remain Around $ 100 a Barrel: Iranian Official

You can thank me later.

That isn't how you financially assess the impact on prices. Oil supply and demand are both constantly increasing. You are looking at absolute measures, you should be looking at relative measures.

Absolute measure - comparing prices in the future to today. This is the wrong measure because both supply and demand are constantly changing. You can't pick one variable, like the keystone pipeline, and compare future prices to today as if that were the only factor, it isn't.

Relative measure - comparing prices in the future if you do the project to prices in the future if you do not do the project. This is the correct measure, and since the Keystone pipeline adds oil to future supply, it will have a downward pressure on pricing.

As I pointed out though in another post, the Keystone pipeline doesn't affect oil prices directly because the Canadians are drilling the oil and it will enter the world market and oil is a commodity. What the Keystone pipeline does affect are shipping costs (cheaper to ship to US than sail to China) and they affect the US economy because of the jobs created.

 

[kaz]

The pipeline will not lower prices.

Why not?

Keystone XL Won't Lower Gas Prices, It Might Raise Them - Forbes

Warstall's a dumb ass. Oil is a global commodity. The suggestion that exporting gas won't affect prices here is just retarded for someone who claims to be a commentator on economic issues. He needs to read a book and learn what he's talking about before talking about something he fundamentally fails to grasp.

 

[Siete]

More for you.

Tasnim News Agency - Oil Prices to Remain Around $ 100 a Barrel: Iranian Official

You can thank me later.

That isn't how you financially assess the impact on prices. Oil supply and demand are both constantly increasing. You are looking at absolute measures, you should be looking at relative measures.

Absolute measure - comparing prices in the future to today. This is the wrong measure because both supply and demand are constantly changing. You can't pick one variable, like the keystone pipeline, and compare future prices to today as if that were the only factor, it isn't.

Relative measure - comparing prices in the future if you do the project to prices in the future if you do not do the project. This is the correct measure, and since the Keystone pipeline adds oil to future supply, it will have a downward pressure on pricing.

As I pointed out though in another post, the Keystone pipeline doesn't affect oil prices directly because the Canadians are drilling the oil and it will enter the world market and oil is a commodity. What the Keystone pipeline does affect are shipping costs (cheaper to ship to US than sail to China) and they affect the US economy because of the jobs created.

I posted a link on this thread about global oil ... obviously you weren't paying attention.

 

[kaz]

Keep reading. It will do you good.

It says what we said, supply and demand sets oil prices. The field of economics says the same thing. So does all empirical data.

It's you who needs to get with the beat, Baggy.

Apparently you understand how the oil biz works about as well as you understand the concept of avatar gender.

So you don't get the reference? ...

... libertarian ... Statue of Liberty ... it's all very complicated ...

Supply and demand does *not* set oil prices. Not in a way that any one source can affect. It's an international fungible commodity. It's not Acme widgets deciding how many to ship to Indiana and how many go to India.

Of course it's not one "source." Supply is many, many sources, demand is many many sources. Deals happen when a price is struck.

When you can explain why consumers would pay more for oil than they have to pay or suppliers would sell oil for less than they could get for their oil, then maybe you'll be onto something about how the field of economics is wrong and the Communist Manifesto is right. Until then, I'll stick with economics and you can stick with the Manifesto.