Don't This Beat All - Keystone Pipeline Now Obsolete - No Longer Needed

Canadian oil prices are now just $18 below the price of U.S. crude thanks to a series of new U.S. pipelines, The Wall Street Journal reported this morning.
This means the Keystone XL Pipeline is already obsolete.

"Higher oil prices in Canada ... are a sign that oil-sands crude is finding its way to the U.S. even without the approval of the controversial Keystone XL pipeline," Journal reporters Nicole Friedman and Chester Dawson said. "The resurgence in Canadian oil prices and energy stocks is further confirmation that the transportation problems that have prevented both Canada and the U.S. from enjoying the full benefits of the energy boom are easing."

Until recently, crude from Canada's booming tar sands was getting trapped in the Midwest, preventing it from getting to the Gulf where it could be exported at market prices.

But in January, engineers switched on the Seaway Pipeline, which connects the major crude delivery hub in Cushing, Okla., with Gulf refineries. And rail now transports 550,000 barrels of Canadian crude, when five years ago barely 1,000 barrels were processed.

As a result, the price of Canadian oil has since risen to $80.67 a barrel as of Tuesday, about $18 below WTI. In November the gap was as large as $40.

"It's not a necessity today," Chris Theal, president of Kootenay Capital Management in Calgary



Read more: http://www.businessinsider.com/the-k...#ixzz31etk0uF4

*... train transport is safer*


"There have been nine oil train derailments in the U.S. and Canada since March of last year, many of them resulting in intense fires and sometimes the evacuation of nearby residents, according to the NTSB.

"Concern about the safe transport of crude oil was heightened after a runaway oil train derailed and then exploded last July in the small town of Lac-Megantic in Canada, just across the border from Maine. More than 60 tank cars spilled more than 1.3 million gallons of oil. Forty-seven people were killed and 30 buildings destroyed in resulting inferno."

http://www.usnews.com/news/business/...ude-oil-trains

Your point?

As usual, with most political / gov't influenced , controversial topics , the mass press has their head so far up the ass of the current DC administration... They wouldn't be able to decipher obvious , practical reasoning any better than Kindergardners. It's fucking shameless, how clueless they've been able to train their voting base!

How many here understand how many miles of oil & gas pipelines have been built and put into service across the country during the last 20 yrs? The Keystone Pipeline has been used as nothing more than smoke & mirrors for the past few years... It's importance is practically negligible in the overall big picture of the continent's transmission network.

Why don't a few of y'all look into recently proposed Alaskan GAS / LNG pipelines , and wonder what angle THAT reasoning is coming from?!?!

http://www.platts.com/latest-news/na...major-21510720

http://www.forbes.com/sites/brighamm...afe-and-sound/


Fucking Shameless, how limited some of you brilliant fuckers are here!!

Can you say Warren Buffet. He owns the trains that transport the crude.
You think he wants to compete with a pipeline?
There is no corruption in Washington.

Of course Canada wants higher prices for their crude; but that doesn't help the US market (Consumers) !

The pipeline means more crude shipped to the US markets (and refineries) at lower costs to US consumers......FACT JACK !

Obama and his anti-carbon zombies don't care about American middle class families having to pay more for gas and heat......they want fossil fuels to go bye bye ! In their mind the higher prices the better (for the environment).

Funny, Big Louie quotes an investment banker from Calgary for his "thumbs up"........TFF ! Gee, I wonder which side of the slice his bread is buttered ?

Oil produced here and oil shipped here = more refined fuel we can ship to other countries. Your price will not go down.

Plus the pipeline has not made it through the Nebraska courts yet.

Oil produced here and oil shipped here = more refined fuel we can ship to other countries. Your price will not go down.

Plus the pipeline has not made it through the Nebraska courts yet. Originally Posted by i'va biggen

Increased supply has no effect on price. Really, LittleEva?

This "condition" sounds like the "argument" for the ACA costing people their jobs ...

.. it's better for them to stay home and "relax."

"We don't need a pipeline after all, because oil prices are increasing!"

Is that the new "argument" after the environmental impact argument went flat?

. And rail now transports 550,000 barrels of Canadian crude, when five years ago barely 1,000 barrels were processed.

As a result, the price of Canadian oil has since risen to $80.67 a barrel as of Tuesday, about $18 below WTI. In November the gap was as large as $40.


Originally Posted by BigLouie

can anyone say warren buffet?

the article takes liberties with word "obsolete"

the use of back stops and alternatives doesnt equate to obsolete

rail is not as efficient nor as environmentally safe

Increased supply has no effect on price. Really, LittleEva?

Originally Posted by CuteOldGuy

Wake up and smell the roses Dull Knife, oil prices are a global market.

Wake up and smell the roses Dull Knife, oil prices are a global market. Originally Posted by i'va biggen

Oh. Right. And that isn't subject to changes in supply. Yeah. That's the ticket!

Keep digging, LittleEva!

Oh. Right. And that isn't subject to changes in supply. Yeah. That's the ticket!

Keep digging, LittleEva!

Originally Posted by CuteOldGuy

Well dull knife our oil production and gas production is up to where we are almost equal to Saudi Arabia how come our fuel isn't $2.00 a gallon? We are unable to export oil so all we produce should be for our consumption? Keep digging dull knife ...

C'mon bigloo you can do better than that!

The article didn't even state how many railcars equivalent the Keystone Pipeline would be. My guess would be millions, if not billions.

I bet some of those railcars go through some of those "pristine aquifers" too. What about the biggest argument in the Dimtard mind that those tar sands were dirty oil?

So I guess the Gulf refineries will still refine it and those pipeline jobs go to railcar welders and not pipe welders. A weld is a weld is a weld.

Just priceless.

Well dull knife our oil production and gas production is up to where we are almost equal to Saudi Arabia how come our fuel isn't $2.00 a gallon? We are unable to export oil so all we produce should be for our consumption? Keep digging dull knife ... Originally Posted by i'va biggen

That was never the argument. But keep making stuff up to try to make yourself sound intelligent. By now, the law of averages is on your side.

You claimed that an increase in the supply of oil has no effect on the price. That is stupid, no matter what you make up to support your ignorant statement.

Keep digging!