Why would.you think that was supposed to benefit the US? Nobody was even talking about anything resembling that. You make no sense, as usual.Keystone wasn't gonna carry gas, it was for crude oil. It also was gonna go from Canada to the gulf coast, not the northeastern US.If biden had not gotten rid of the Keystone pipeline we would be in much better shape regarding the gas shortage.
This thread fails miserably.
it was still another pipeline in the US which put pressure on other countries to increase output.
LOLOL.. No it wouldn't. How stupid.
Supply and Demand, market pressures. Look it up.
I don't think I'm following you.. If the ppb goes low, US producers get hurt first because we have the highest lift costs in the world.
If you have too much oil on the market Russia, KSA, Kuwait etc will cut production.
who is cutting production? Now?
Yahoo Search - Web Search
The search engine that helps you find exactly what you're looking for. Find the most relevant information, video, images, and answers from all across the Web.in.finance.yahoo.com
how does that benefit US?
the less dependent US is on foreign oil, the more it benefits US. How does that not make sense to you?
LOLOL.. Canada and China are looking to increase the profits on tarsands.. by not paying US taxes and shipping refined specialty products abroad. The Keystone XL doesn't bring any benefit to the US consumer.. or make us less dependent on foreign oil.
It was to be another US pipeline with deliveries into North and Middle America as well as to South Texas for export. The US just jgot taste of disruption to a major pipeline in the South and East and it created run on gas and inflation. Don’t tell us that Keystone or any other pipeline does not make us less dependent on foreign oil.
Nope.. TransCanada has unused pipeline capacity all over the Midwest that by passes 4 or 5 refineries that were refitted to handle refining the tarsands sludge.
Keystone XL is strictly an export pipeline that benefits Canada and the Chinese who own 50% of Canada's production. They avoid taxes by shipping to the Free Trade Zone and refining specialty products for export.
BTW.. Canada's oil is FOREIGN OIL. The US consumer will never see a drop of gasoline.
Keystone is still infrastructure that can be leveraged for domestic production even if it is not being used that way at the moment. Canada is foreign oil but if a Nation’s dependency on foreign oil is going to happen, would you want it with a Nation you share border and perhaps infrastructure with or would you want it with nations on the other side of the world whose political and economic stability is in constant uncertainty and transport is tied solely to shipping?
Canadian tarsands are dirt cheap. I think they sell it for about $29 a barrel because it is sour, corrosive and one step above soft coal in density.
They can pipe this sludge to Motiva in the Free Trade Zone for refining and then ship it overseas... and make a sizable profit.
This benefits the Canadians and the Chinese NOT the US consumer.