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Pipeline won’t help prices

March 3, 2013

Harvey Brandt, Weiser, Idaho There is a perception that if the president and Congress approve the Keystone pipeline that the oil it moves will somehow end up in the tanks of U.S. automobile....

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(23)

Nedragr

Mar-03-13 8:13 AM

While the pipeline won't effect gas prices per say, it will lesson the pain and turmoil when it comes to that point in which the Middle East Cartel shut the spigots off.

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Curly1

Mar-03-13 9:25 AM

There is the jobs issue here as well. If the pipeline is built, it will add jobs in areas that need to add jobs.

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muleskinner

Mar-03-13 9:32 AM

Supply and Demand

Oil is a commodity, a fungible. It is bought and sold. When a farmer sells corn at the elevator, same deal. Oil or corn, fungible commodities with supply chains. Why a supply chain? Demand is the answer.

Soybeans are shipped to China. Farmers don't complain, they can buy diesel fuel, China gets the soybeans. China could buy Bakken oil.

People want oil, corn, wheat, soybeans, textiles, etc, i.e. demand.

Bakken oil is shipped to Canada, the ethane is refined from the Bakken oil, shipped to the tar sands to extract tar sand oil. Canada wants Bakken oil. China might be a better customer.

If there was no demand for oil, it would remain in the ground.

Not so, it is a commodity. A one time use commodity, so the price is going to increase as the oil is consumed. Good for the Bakken, a lot of oil is still there. Land prices go up. Pipeline or not.

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centerfield

Mar-03-13 12:00 PM

We have a problem in ND that will escalate as we increase the production of Bakken oil. We are currently approaching 800,000 BPD with the future going above a million barrels per day. We have problems now transporting our bakken and do it mostly by Rail. If this pipeline goes through and the Bakken can only ship 11% of the pipeline volume (100,000 BPD), it is wrong. If the tar sand can traverse the US, create problems with pollution during refining, and then be sold overseas without any benefit what so ever to the US, then it should not go through. It is a big deal to take land from individuals for this pipeline from Canada to Oklahoma. It is a big deal to cross sensitive lands and waterways without fair compensation. Even wingers would not agree to that. If you truly believe that this will help lower the gas prices in the US or the cost per barrel of crude on the stock exchange, then you truly are delusional.

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centerfield

Mar-03-13 12:03 PM

Conti: The result will be increased profits for big oil, huge contributions to the congress, and more selling of America. It is a one way street and it is not going America's way.

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locomotive

Mar-03-13 5:13 PM

Nedragr & Curly1, you both nailed it.

Agreed.

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Legend

Mar-03-13 7:52 PM

Excellent words. Some comment that XL would be a hedge against lost mideast supplies--I disagree. We get 20% from them which could be quickly be made up here by reducing exports. What we really need is a pipeline to take Columbia water to the Ogalala and the desert southwest. The XL is capitolism gone haywire--They can take it west through B.C.--but refuse to pay the price. Never believe oil propagenda.

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EarlyBird

Mar-04-13 7:10 AM

There is only one plan, we want to use other countries oil now when it's cheaper than it will be in the future. Never forget whoever controls the energy controls the planet. China invested several billion dollars to get this Bakken play going.

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centerfield

Mar-04-13 8:56 AM

Well, hope,you could be Obama's geography czar as you have the XL running through ND. But, the rest of you could certainly be advisors especially when you print and believe that the XL will lower our dependence on middle east oil. The tar sand crude will come into this country, be refined, and then be shipped to China. None of the products will come into the US. Now, how is that going to lower the US consumption? Maybe if the pipeline would carry Bakken oil to other US refineries that will put the product into the US consumption line, then it might. But, for now, you guys are lost. Oh, we do get something from the refining process--the pollution and the refining residue that we have to deal with.

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centerfield

Mar-04-13 9:08 AM

My apologizes to Hope on the czar of geography. That would be Locomotive with his post on the direction of the pipeline. Hope, you could just stand around and be wrong all the time.

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EarlyBird

Mar-04-13 9:36 AM

US Customs has been brokering oil and commodities around the world since trade began. The import/export business and tariffs are big business and second only to the most important thing of controlling the worlds energy supplies.

An Introduction to Foreign-Trade Zones Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States’ version of what are known internationally as free-trade zones. Authority for establishing these facilities is granted by the Foreign-Trade Zones Board under the Foreign-Trade Zones Act of 1934, as amended (19 U.S.C. 81a-81u). The Foreign-Trade Zones Act is administered through two sets of regulations, the FTZ Regulations (15 CFR Part 400) and CBP Regulations (19 CFR Part 146).

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locomotive

Mar-04-13 11:09 AM

Czar of Geography? Cool...

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locomotive

Mar-06-13 3:41 PM

Agreed, DustOff3. It makes sense for the US to have options for itself first on the table.

And the media reports on Chavez seem quite glowing. Radioactive, perhaps? (Just teasing, for all the diehard Chavez fans out there.)

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centerfield

Mar-06-13 9:01 PM

You do live in a dreamland, don't ya dusty. Valero and Shell will have contracts with china and Europe and they will honor those first. Your dream of breaking into that pipeline and getting the oil in any situation is not going to happen. So, go ahead and believe in your winger dinger fairy tales.

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centerfield

Mar-06-13 11:55 PM

So, would it not be simpler and more in our control to build bakken pipelines and stop the export to Canada? Hmmm, you did not think of that. Just some goofy dream that you will confiscate the oil in a pipeline that starts in Canada, is own be a foreign country that has an access pass, take oil that is already contracted to another country? You are goofy.

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centerfield

Mar-07-13 10:53 AM

You are still goofy and please work on your writing skills.

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centerfield

Mar-07-13 1:23 PM

Dusty, your reading comprehension must be slipping too. You are repeating what I stated earlier about cutting off the exports to Canada if we had to. But, should that happen, Canada will still export to us because they have no where else to go. Your pipeline theory on the XL is a pipedream. Oh, and dusty, no one has to discredit you as your blogs do that on it own. As to the messenger comment, you fall flat on your lack of facts.

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centerfield

Mar-07-13 11:37 PM

The ignorance of Fox News and Rush/Shawn,Glen and the boys speaks again through you two.

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centerfield

Mar-08-13 10:26 AM

You guys are a hoot. Lets say that on the blogs here you each post say about 15 times per topic. After reviewing your comments, they are filled with ridicule, miss direction, attacks, and least of all, any factual evidence. But, you do the right wing thing and accuse others of not presenting material because mainly you two don't ever present facts. You guys deserve each other. Oh, and by the way dusty, you have been booted off blogs before so don't give us that bull durum. Maybe you can present the factual evidence of how you are going to tap into the XL and take over that oil... Now, that is a fairy tail and a pipe dream that you used to express on the Bismarck blogs back before they closed it. Oh, and as to what you watch and listen to, that is so easy because you regurgitate their talking points almost verbatim. Oh, "we don't watch Fox, or Shawn, or listen to Rush"...What liars.

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locomotive

Mar-08-13 1:00 PM

Personally, I think the Fox news, Shawn, Rush, kool-aid, ad infinitum charges are getting way stale. When a non-lib makes a common sense proposal to an issue, it appears a lib won't argue based on the proposal itself, other than to totally discredit it. Why? Because of the messenger, the mean ol' non-lib. It's easier to segue into the same old charges and talking points: Republicans evil, conservatives nasty, Democrats good, liberals praiseworthy. Small wonder that reasonable conversations are far and few between. Oh, well, on we go...

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locomotive

Mar-09-13 6:32 PM

leftwing, define "dipster."

Just so we understand terms.

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Legend

Mar-10-13 5:17 PM

Oil represents itself to us with the price of gasoline. It is usually too high and appears to be fixed. Their history of lies and extreme profits convince me their words cannot be trusted. No to the XL.

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locomotive

Mar-11-13 10:08 AM

Disappointed by the politicians again? Aww...

There's no such thing as a free lunch. Or a free oil supply.

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