I was just reading an article yesterday telling how new pipe lines relieved the oil glut in Cushing, OK by allowing US oil to make it to coast refineries and be sold on the international market. They cited this as one of the main reason the price of gas has been going up so sharply in the US.They also expected the trend to continue since the gas/gasoline market in the US is now able to service the world market where prices are a lot higher. It is very unclear why Keystone will do anything for the US consumer. It gives Canadian oil a path to the international market an decreases the capacity of a limited number of US refineries to supply the US. No one in the US is building a new refinery. It is also the one area where Republicans and Democrats cooperate, they both want high prices for different reasons.
the idea that keystone will lower gas prices in the US, ignores the fact that higher profits can be made selling outside the US. At what point do people expect corporations to NOT chase the biggest profits? Keystone makes exporting MORE cost effective, not less.
The fact that the oil companies refuse to implement “voluntary” safer oil cars has a lot to do with it. Poor oil companies, where will they EVER get the money to run their businesses safely?
Theodore E. Lind Premium Member about 10 years ago
I was just reading an article yesterday telling how new pipe lines relieved the oil glut in Cushing, OK by allowing US oil to make it to coast refineries and be sold on the international market. They cited this as one of the main reason the price of gas has been going up so sharply in the US.They also expected the trend to continue since the gas/gasoline market in the US is now able to service the world market where prices are a lot higher. It is very unclear why Keystone will do anything for the US consumer. It gives Canadian oil a path to the international market an decreases the capacity of a limited number of US refineries to supply the US. No one in the US is building a new refinery. It is also the one area where Republicans and Democrats cooperate, they both want high prices for different reasons.
Lexekon about 10 years ago
the idea that keystone will lower gas prices in the US, ignores the fact that higher profits can be made selling outside the US. At what point do people expect corporations to NOT chase the biggest profits? Keystone makes exporting MORE cost effective, not less.
ARodney about 10 years ago
The fact that the oil companies refuse to implement “voluntary” safer oil cars has a lot to do with it. Poor oil companies, where will they EVER get the money to run their businesses safely?
oneoldhat about 10 years ago
aaa says prices flat or small decline // http://business.time.com/2014/01/02/gas-prices-will-fall-in-2014-but-you-may-pay-more-at-the-pump-anyway/