Petro Ping.
From what I understand it’s destined for overseas. Since it isn’t produced domestically then the restrictions on oil and natural gas exports don’t enter in.
Where will the Keystone XL oil go to?
Steele City, Nebraska
Balance of trade?
Once crude is refined, to gasoline for example, it can go anywhere.
So the answer is that the refined product will go to the highest bidder. It will likely remain in the U.S. to avoid further transportation costs.
Oil being transported via pipeline and not rail is a lower risk scenario.
I can tell you where it WON’T go. It won’t go on Warren Buffet’s BNSF railroad tank cars.
Oil is a fungible commodity.
I can buy a contract for crude from Saudi Arabia, but never take delivery because it is a long way around Africa.
So I can chose to have the Saudis ship to Malasia and get my actual crude from Libya, to be shipped to New Jersey for example; if I get low bids for that route.
The pipeline is just another pathway. It will reduce shipping costs a little, worldwide.
It is a commodity. It goes to the highest bidder. More oil on the market with easy access to ports is good for everyone. Especially non state sponsored terrorist oil.
It goes wherever Laissez-faire capitalism gets it the best price.
Nothing of value should ever leave the U.S.! We can all be rich that way. As a laissez-faire economist, I say there ought to be a law!!
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.
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.
When steel and copper is imported into the United States, do you also believe the products made from them should not be exported?
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.