“Won’t matter. With oil sitting at less than $60 a barrel...zero chance they will build the sands pipeline.”....
I tend to agree. Noticed an article earlier today that these low prices are definitely hurting the fracking industry. Definitely NOT good for the local area economy since our part of Wisconsin is a MAJOR supplier of frack sand. There are a number of plants that have already scaled back on production. Is this all by design? Perhaps.
Not by design...just a consequence of the US not buying off the int’l market. It’ll rest at $60-$70 for the next eighteen months. If the fracking guys edge back...we will start to buy again off the world market, until the price hits around $90...then restart the whole thing again, and six months later see it drop down again. Cycling will be popular for the next decade. Hurts the Mideast and Russia as much as it hurts us.