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LadyJazzer wrote: Yeah, the Dems are sure chanting "Drill, baby, drill"...
Here's what that stupid pipeline will do to you:
Keystone pipeline isn't cure for gas prices
The controversial link to bring oil from Canada to the Gulf of Mexico could raise prices at the gas pump, especially in the Midwest and Rocky Mountain regions.
"Rising gasoline prices have helped proponents of a controversial pipeline proposal press their case that the project would help ease supply bottlenecks and lower prices for consumers."
They’re half right.
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. But that likely would mean higher prices for drivers in the nation's midsection, who currently are enjoying an unusual discount stemming from a lack of pipeline capacity.
That’s where the Keystone pipeline comes in. Proponents of the pipeline have argued it will help wean the U.S. off foreign imports and lower pump prices. But rather than pushing Gulf Coast prices lower, it will let oil producers charge more for their crude.
TransCanada Corp. estimates the pipeline would boost sales of Canadian-produced crude by $2 billion to $4 billion a year, according to an assessment submitted to Canada's National Energy Board.
“The prices for those crudes in North Dakota and Canada will fetch closer to Gulf Coast prices, which are tied into the higher international market price,” said Tim Hess, an Energy Department analyst.
http://bottomline.msnbc.msn.com/_news/2 ... ump-prices
Gee, you can hear the surprise in *MY* voice... Let TransCanada charge more, "boost sales by $2-$4 Billion/ A YEAR"
And here's the GOP "job creator" knuckle-draggers: :Koolaid: :Koolaid:
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One reason crude is so plentiful in the Midwest is that new production technologies have boosted production in oilfields that were once thought to be exhausted or too costly to develop. After two decades of steady decline, total U.S. oil production began rising again in 2009, according to the EIA. Increased production from Canadian tar sands fields also has boosted Midwest supplies.
But as domestic and Canadian production have risen, pipeline bottlenecks have cropped up – especially over the 500 miles from Cushing, Okla., to Houston, the nation’s largest oil shipping port and home to about half its refining capacity.
“We lack infrastructure to catch up with the fact that there's been this big change in oil production,” said Yergin. “Eight years ago, North Dakota was not the fourth-largest oil producing state in the country. So we need new pipelines, and the lack of those pipelines -- the lack of catching up -- is reflected in the disparity (in prices).”
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Along those lines.CritiKalbILL wrote: From the link LJ provided (she must have forgotten to cut and paste this part for some reason):
One reason crude is so plentiful in the Midwest is that new production technologies have boosted production in oilfields that were once thought to be exhausted or too costly to develop. After two decades of steady decline, total U.S. oil production began rising again in 2009, according to the EIA. Increased production from Canadian tar sands fields also has boosted Midwest supplies.
But as domestic and Canadian production have risen, pipeline bottlenecks have cropped up – especially over the 500 miles from Cushing, Okla., to Houston, the nation’s largest oil shipping port and home to about half its refining capacity.
“We lack infrastructure to catch up with the fact that there's been this big change in oil production,” said Yergin. “Eight years ago, North Dakota was not the fourth-largest oil producing state in the country. So we need new pipelines, and the lack of those pipelines -- the lack of catching up -- is reflected in the disparity (in prices).”
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I'm also curious about what is harder on the environment long term, moving oil through a pipe, or on the back of trucks and in the holding tanks of ships.
Reporting from Seattle— The Canadian pipeline company thwarted last year in its bid to build the 1,700-mile Keystone XL oil pipeline from Canada to the Texas Gulf Coast hasn't given up. The company on Monday announced its intention to reapply for a permit for the project -- and to proceed immediately with plans to build the southern portion of the pipeline, from Oklahoma to the coast.
http://www.latimes.com/news/nation/nati ... 6079.story
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Yet you fail to see the FACT that higher supply in our area is responsible for lower prices. You must also feel that transporting by truck and ship is more efficient and less risky for the environment....right?LadyJazzer wrote: the price at the pump will go up; and drilling more will NOT bring the price down.
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CritiKalbILL wrote: Yet you fail to see the FACT that higher supply in our area is responsible for lower prices.
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LadyJazzer wrote: The jobs?...You mean the 4,000-6,000 temporary construction jobs?... Yeah, right.... And that trumps the price-at-the-pump to you?
Keep drinking, Fred... :Koolaid:
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