Posted on 11/18/2014 9:59:34 AM PST by Laissez-faire capitalist
That's hilarious!
We hear that we are producing more oil than ever....but our prices are far from being the lowest.
Why doesn’t someone calculate and tell America how much gas will cost with and without the pipeline. We put 10 men and 2 suv’s on the moon a third of a century ago, we can come up with those numbers.....unless of course .....its going to cut into profits?
Who is paying of the pipeline, private companies or the Feds? And....well if we need to put people to work, there are worse things than having too many pipelines.....justmakesure....the workers are AMERICAN CITIZENS.
Because you don’t own it. It’s owned as private property by those who own the land and those who extract it. You have no right to say what they can do with it.
What nation that does not subsidize fuel cost, has lower fuel prices?
So would it be a fair guess that 80% to 95% of Keystone crude, once refined, will be consumed within the U.S.?
While that seems reasonable, keep in mind, just like the heavy stuff we import from Venezuela today, heavy oil will either produce more of the heavy “leftovers” or take more energy and processing to crack down into lighter components used to make most transportation fuels.
So yes, I don’t see reasonable reasons for more that 20% to ever be exported, barring much greater changes in other sources of fuels.
And for the part that was exported, we brought in cheap heavy oil/bitumen, kept more jobs in the US, refined it into higher value products, and exported some surplus for a positive trade balance.
Dumb question - what does that empty tanker take away when it leaves Houston?
Do empty tankers go back to the middle east, or do they carry refined products like gasoline. etc.
The condensate needed to thin what is essentially asphalt will need to get to Alberta somehow. Shipment by rail... (read as: "free enterprise") is part of a robust model of capitalism.
Because we don’t need it. We are sitting on more energy than Saudi Arabia ... the pipeline is for JOBS not energy.
So what. Increasing exports! Increasing manufacturing! (of gasoline from raw oil) It’s all good.
Typically, a crude oil tanker would need to be cleaned in order to carry products like gasoline, I believe. And it is a different market, the source of the oil is not likely the shipping point of the refined fuel.
http://www2.osg.com/index.cfm?pageid=47
I know an tankers have much greater rise when they leave or arrive empty.
Here is from a company that ships both:
Crude tankers are mainly used for the deep sea transport of crude oil from production sites to refineries. They range in size from 55,000 DWT* up to around 450,000 DWT. The main trading routes are from the production areas in the Arabian Gulf and West Africa to Asia, Europe and the USA.
Product tankers are used to transport refined oil products (gasoline, diesel, kerosene, jet or fuel oil) to the market. They range in size from 5,000 DWT to around 80,000 DWT. One traditional trading route for product tankers is between North America and Europe, where gasoline is carried to the US and diesel fuel is transported back to Europe.
http://www.maersktankers.com/aboutus/pages/thetankerbusiness.aspx
When steel and copper is imported into the United States, do you also believe the products made from them should not be exported?
I agree. Which is why pipelines make economic sense for large-scale fluid transportation, compared to rail. John D. Rockefeller figured this out over 100 years ago.
It’s when rail, as a component of crony capitalism, is favored and given a governmental “helping hand” that things go awry.
So I guess both of these ships spend half their time floating around empty. Crazy to think about.
Same with truck and rail.
Gives another reason why a pipeline is cheaper.
I don't give a damn about "the millions of voters who still support 'drill, baby, drill'". I care about Americans left alone to dispose of their private property as they see fit.
I begin to think that you don't even know what "laissez-faire" means. If you do, then you're as dishonest as Obama calling Obamacare the "Affordable" Health Care Act.
Read Smith again. He never suggested that the Crown should replace a citizen's good judgement in the management of his own affairs.
Y ou seem to wish that government would make the wise decisions we can't . Sounds neither laissez-faire nor conservative. just something you happen to like.
A lot of the oil will continue to come to the states in tank cars owned or controlled by Buffett and via the Railroad controlled by Buffett.
This is just another example of the two critical ways we need to look at anything liberals are involved in:
1. Cui Bono, or who benefits, when bs surrounds and covers up or shrouds their overt or covert actions with any activity with libs in control of where money and power can be gained.
2. Follow the money after #1.
The answer to who benefits when the Keystone pipeline is killed/stalled is simple.
Warren Buffets owns/controls most of the railroad old tank cars and the railroad which bring the oil from Canada to US refineries.
How many of the Rat $inators get a lot of money now and in IOUs from Buffet to keep Keystone dead?
http://www.freerepublic.com/focus/f-news/3228704/posts
Warren Buffett’s Massive Railroad Lobby
Muckety ^ | May 5, 2014 | Laurie Bennett
Posted on 11/19/2014, 8:07:04 AM by upbeat5
What do train whistles and Warren Buffett have in common?
If you answered old-fashioned charm, you’re wrong.
The Sightline Institute, a Seattle-based think tank, calls the avuncular billionaire “the man behind the exploding trains.”
Buffett’s company, Berkshire Hathaway, owns Union Tank Car Company, North America’s largest leaser of tank cars. Berkshire also owns BNSF Railway Company, which moves many of those cars.
Again the rat’s MSM has hidden this important fact from us.
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