[Praxeologue]

Decisions on big-cap items like pipelines need to be made based on a best estimate of demand a decade or so out, not next year. For example, Canadian oil sands production is forecast to grow from 1.8 million barrels per day in 2012 to 5.2 million barrels per day in 2030: http://www.capp.ca/getdoc.aspx?DocId=227308&DT=NTV Long-term, Canada will do better finding its own refinery solution.

[thackney]

Decisions on big-cap items like pipelines need to be made based on a best estimate of demand a decade or so out

Okay, you want to change to a different topic? Can you show me a source with a good track record of being correct in demand a decade in advance?

Canadian oil sands production is forecast to grow from 1.8 million barrels per day in 2012 to 5.2 million barrels per day in 2030

Thirty year predictions are interesting games of "what if". In that time frame we might lose production rates or double them. To many variables like politics and new technologies along with alternative source to even pretend it is a fixed number.

I'm not sure what that has to do with the US not affecting oil prices but Russia will.