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Keystone Pipeline Update
Feb. 28th, 2012 12:36 pmTranscanada is going to begin building the portion of the Keystone pipeline going from Cushing, Oklahoma to the Gulf Coast refineries.
Why should they go for the Gulf Coast and not build a more centralized refinery in Oklahoma?
"The proposed pipeline would relieve a glut of crude oil backing up in the Midwest and redirect those barrels to Gulf of Mexico ports. From there they could be shipped to world markets and repriced at higher global prices."
Yes, we will benefit NOTHING from it.
In 2011, our top export was FUEL...which should have meant reduced prices for us, but...nope... They realized they could drive up the price by exporting more while keeping a smaller supply at home.
So basically, we have plenty of fuel without opening up environmentally sensitive areas. We also can't forget the oil speculators.
If you don't understand how oil speculation works, it's like buying stocks but when you buy stocks in Disney, you're only affecting the Disney stock price, when you buy futures in oil, gold and other goods, you affect the CONSUMER price in the real world.
No, I don't think that's right either. High gas prices hurt all businesses that aren't oil companies. Last year, the oil companies made 137 billion dollars in pure profit.
http://www.stopoilspeculationnow.com/home.aspx
Other information:
http://usnews.msnbc.msn.com/_news/2012/02/27/10518932-part-of-keystone-pipeline-to-go-ahead-company-says
http://bottomline.msnbc.msn.com/_news/2012/02/27/10519685-why-the-keystone-pipeline-would-boost-pump-prices
http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm
Why should they go for the Gulf Coast and not build a more centralized refinery in Oklahoma?
"The proposed pipeline would relieve a glut of crude oil backing up in the Midwest and redirect those barrels to Gulf of Mexico ports. From there they could be shipped to world markets and repriced at higher global prices."
Yes, we will benefit NOTHING from it.
In 2011, our top export was FUEL...which should have meant reduced prices for us, but...nope... They realized they could drive up the price by exporting more while keeping a smaller supply at home.
So basically, we have plenty of fuel without opening up environmentally sensitive areas. We also can't forget the oil speculators.
If you don't understand how oil speculation works, it's like buying stocks but when you buy stocks in Disney, you're only affecting the Disney stock price, when you buy futures in oil, gold and other goods, you affect the CONSUMER price in the real world.
No, I don't think that's right either. High gas prices hurt all businesses that aren't oil companies. Last year, the oil companies made 137 billion dollars in pure profit.
http://www.stopoilspeculationnow.com/home.aspx
Other information:
http://usnews.msnbc.msn.com/_news/2012/02/27/10518932-part-of-keystone-pipeline-to-go-ahead-company-says
http://bottomline.msnbc.msn.com/_news/2012/02/27/10519685-why-the-keystone-pipeline-would-boost-pump-prices
http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm
