MCI transplant
Veteran
- Joined
- Jun 4, 2003
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- 5,311
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The bottom line is this. the Oil is going to be produced! It will, and is, being transported to our southern States! Between the U.S. and Canada, we have as much oil as OPEC! Would you rather have that oil transported through your town by train, or truck, and maybe have people killed, and have those trains and trucks poluting the invirorment, or put people to work to build a pipeline to transport that oil? Russia's weak point is that it is highly dependant on it's revenue generated by it's oil exports. We can trump that by offering an alterative source at a compenative price! So way not take that bone away from them? https://images.search.yahoo.com/search/images;_ylt=A0LEV1uxc1ZT9SsAvMlXNyoA;_ylu=X3oDMTB0Yjkwb3VoBHNlYwNzYwRjb2xvA2JmMQR2dGlkA1ZJUDM3MF8x?_adv_prop=image&fr=yfp-t-671-s&va=oil+train+derailment+north+dakotaMs Tree said:Your argument to allow more drilling was to reduce the cost of oil. Most of what I have read says that oil has to stay at $100+ a barrel for the oil companies to be happy. If the oil companies start producing here in the US, OPEC would drop their production to maintain the cost. According to this Business Week article Canadian oil has to trade $65 to remain profitable and it seems to be stuck below that amount. The article claims that the pipeline would be a temp fix to help get the oil cost UP it would soon max out capacity and the cycle would start over.
The article seems to indicate that the pipeline is a pipe dream in terms of any benefits.