Why Keystone would increase prices at the pump

Nice article and it supports what I was claiming in earlier posts. That increased domestic production would be sold on the international market at higher margins than could be sold domestically which would do nothing domestically to reduce prices at the pump. So much for drill baby drill but then again I new from the beginning that this was politicing by Republicans who were willing to forgo the normal permit and public comment period in order to make Obama look bad.

How many here would be willing to give up their public comment rights if an oil pipeline was being ran through their neck of the woods?
 
Derp Derp said:
Nice article and it supports what I was claiming in earlier posts. That increased domestic production would be sold on the international market at higher margins than could be sold domestically which would do nothing domestically to reduce prices at the pump. So much for drill baby drill but then again I new from the beginning that this was politicing by Republicans who were willing to forgo the normal permit and public comment period in order to make Obama look bad.

How many here would be willing to give up their public comment rights if an oil pipeline was being ran through their neck of the woods?
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How would you then explain that 11% increase in production of Nat Gas reduced the price on the domestic (and international) market so convincingly?

And saying that "this over here that we're doing will save more than this over here will ever produce so we shouldn't produce anything" is a logical fallacy. Save and produce, both actions can (will) increase availability and lower the overall price. The article also ignores speculation.
 
Damocles said:
How would you then explain that 11% increase in production of Nat Gas reduced the price on the domestic (and international) market so convincingly?

And saying that "this over here that we're doing will save more than this over here will ever produce so we shouldn't produce anything" is a logical fallacy. Save and produce, both actions can (will) increase availability and lower the overall price. The article also ignores speculation.
Click to expand...

You do understand that the tar sands oil products would be mostly exported right?
 
Rune said:
You do understand that the tar sands oil products would be mostly exported right?
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You do understand that it doesn't take as much of an increase in production as you believe to have an effect on pricing and that "mostly" still means that there can be a difference domestically, right?

Let me explain: Even if they are right and that "most" would be exported (somebody needs to understand logistics and actually read what Valero's plans for the product are) even "some" would increase the availability of the product domestically and working in concert with the "savings" predicted by Obama's programs in the article can absolutely make a positive difference in pricing for us. Instead, cutting off one way to increase supply will have an opposite effect. The only way to ensure that this will have no positive effect for us domestically is to force them to pipe it elsewhere and therefore sell it entirely off shore.
 
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