Keystone pipeline rejected by Senate

[UCGal]

My understanding is that the oil extracted from the Canadian tar sands will be refined in Texas. Then it will be put on ships and sent off to other countries. My understanding is that the US would not be end consumers.

One issue with the Keystone XL pipeline is that it puts the burden of cleanup, when it is eventually discontinued, on the land owner…not the oil industry. This is a potential economic nightmare for the land owners. And it’s being done by imminent domain… farmers aren’t being asked about the pipeline crossing their land. Think about how expensive it is to clean up former gas station sites… Or for anyone who’s ever had an oil furnace – and had to replace the oil tank – it’s an expensive, toxic process to clean up.

Currently the US is net exporting oil. Why do we need to transport oil obtained in Canada, across the US, to be shipped overseas?

Finally – it is not at all clear to me that this doesn’t involve some kind of government subsidy or tax break. I’d rather see our tax dollars go elsewhere.

These are the reasons I’m cynical about the Keystone XL project.

[The-Shoveler]

Thanks UCGal

Just another bad Idea that will be pushed through congress come hell or high water to serve our corporate overlords LOL.

You have to laugh or go insane.

[SK in CV]

[quote=spdrun]As far as 50+ mpg 3000+ lb cars, Prius is close to 3000 lb and gets about 50 mpg, no? Besides, with improved crash avoidance and CAD tech, who says that cars NEED to be over 3000 lb. It’s perfectly possible to build a 4-door that weighs 2500 lb, think Honda Fit.[/quote]

It doesn’t seem we’re really that far off. My car (Hyundai elantra) weighs 2700 lbs and I get 45 mpg freeway driving and 35 on city streets. Is a 20 to 25% increase out of the question?

[FlyerInHi]

I admit, I’m surprised that gas prices keep dropping. How long with that last?

I think the momentum for approving the pipeline is evaporating fast.

A lot of people who supported the pipeline thought that the pipeline would bring more oil directly to us (although oil would enter the world market at world prices).

But now that US States are losing revenue, is there still political support for the pipeline?

[svelte]

The real question is – where can we piggs put our money to best profit when oil prices begin to rise again?

Prices this low may last a month or a year, but they won’t last forever.

http://finance.yahoo.com/news/oil-stupid-range-expert-140614930.html

[Coronita]

[quote=svelte]The real question is – where can we piggs put our money to best profit when oil prices begin to rise again?

Prices this low may last a month or a year, but they won’t last forever.

http://finance.yahoo.com/news/oil-stupid-range-expert-140614930.html%5B/quote%5D

I was thinking make the best way to profit from oil isn’t so much trying to profit when oil prices rise, but profit while oil prices are low…

Here’s my take.. Regardless of whether people want to admit it or not, lower gas prices does mean your average person has more discretionary income. For example, consider a person filling 16 gallons/week for an SUV saves $1/gallon….Times 52weeks, that’s an extra $832/year. And that’s just for one person. Probably more for a couple.. That’s more than the previous stimulus given to people…And we know that the majority of the people in this country are going to spend it.

Also, I think airlines will do will, travel will pick up, and transportation will do well (Fedex and UPS probably will have fatter margins)….

Probably other things too….Haven’t thought much of it.

[Coronita]

BTW: expect a 10-15 cents/gallon increase in gas in 2015 for CA….

We have this cap-and-trade policy for gasoline and diesel fuel

http://www.pe.com/articles/trade-756971-cap-gallon.html

[svelte]

[quote=flu]
That’s more than the previous stimulus given to people…And we know that the majority of the people in this country are going to spend it.

Also, I think airlines will do will, travel will pick up, and transportation will do well (Fedex and UPS probably will have fatter margins)….
.[/quote]

Hmmm. I like your thinking…I’m going to mull it over.

I have noticed oil company stocks haven’t went down as much as I would have expected given recent oil prices, so they don’t appear to be the best place to profit.

[utcsox]

[quote=svelte]The real question is – where can we piggs put our money to best profit when oil prices begin to rise again?

Prices this low may last a month or a year, but they won’t last forever.

http://finance.yahoo.com/news/oil-stupid-range-expert-140614930.html%5B/quote%5D

Mohamed El-Erian, former co-chief investment officer of Pimco, shared his view of low oil price in Bloomberg today:

“As costs fall for manufacturing and a wide range of other activities affected by energy costs, and as consumers spend less on gas and more on other things, many oil-importing nations will see a rise in gross domestic product. And this higher economic activity is likely to boost investment in new plants, equipment and labor, financed by corporate cash sitting on the sidelines.”

Since U.S is a net oil-importing nation, the low-price of oil shall continue boost the growth.

http://www.bloombergview.com/articles/2014-12-23/us-economy-leaves-the-world-behind

[Coronita]

[quote=svelte][quote=flu]
That’s more than the previous stimulus given to people…And we know that the majority of the people in this country are going to spend it.

Also, I think airlines will do will, travel will pick up, and transportation will do well (Fedex and UPS probably will have fatter margins)….
.[/quote]

Hmmm. I like your thinking…I’m going to mull it over.

I have noticed oil company stocks haven’t went down as much as I would have expected given recent oil prices, so they don’t appear to be the best place to profit.[/quote]

Oil refining should actually do pretty well imho. I expect that as gas prices goes down, consumption will go up…We’ll see more escalades, surburbans, explorers, expeditions,sequioas….etc…

[FlyerInHi]

I’m surprised that Trump issued the EO without pressing Canada for money. It was a priority for conservative and liberal Canada although Trudeau is more of an environmentalist and he was glad Obama made the decision

In real estate, if you’re giving an easement, you want to be paid. And paid a lot if you have the upper hand. The Trump EO seems like a giveaway to Canada with nothing for us.

[Author]

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