Oil Pipeline Rejected

[daddy]

IF I have understood how oil prices are determined correctly, even if the Canadian pipeline was built, the price of what would come out of it would be set by the oil futures market.. All OPEC would have to do to raise the prices is cut their production, to limit supply, which would still jack up the price of oil. Regardless of whether it's coming out of Canada or West Texas oil fields, the price would still be set by the oil futures market.

 

[agjake11]

I'd rather see us import oil from Canada than the Middle East or Venezuela, but would much rather get it from our native soil.
More news on the pipeline...http://news.msn.com/politics/pressure-mounting-on-obama-over-pipeline-decision

We get more oil from Canada than any other country.

unknown by most, the same oil for KXL is going through phase 1/2 of keystone to the US and being railed in currently. KXL is just another more direct route to the Gulf coast.

 

[mr_bots]

Don't tell the greenies that, they think not building the pipe line will save the world. They don't realize those refineries are running anyway, just using truck, rail, and ship to get feed to them.

I also don't really consider Canada "foreign." Their wages are higher so it's not like companies are flocking jobs up there to get them out of the US to save a buck (like Mexico, China, India, etc.). Just happens to be where the natural resources are.

 

[PenguinLTZ]

Canada gets their oil from here, it's this whole gravitational thing...


How in the hell did this thread get bumped?

 

[cRiPpLe_rOoStEr]

I'd rather see us import oil from Canada than the Middle East or Venezuela, but would much rather get it from our native soil.

Venezuela and the Middle East can hate America for free, so why send money to them?