The Keystone XL still exists to bring Canadian crudes down to the US for refining. The new, Phase 4, section of Keystone that was axed was going bypass the Canadian markets and bring crude directly to the US. This would have greatly increased the amount of crude we could bring in from Canada. So not only does the US suffer, Canada suffers now too because we can’t pipe that sour shit directly to our refineries. So, now we must find other shithole countries to import crude oil from and pay even more exorbitant prices per barrel due to more complex logistics.
If it helps, which it might not depending on how much you trust random internet strangers, I’m employed by a major oil refinery that is located very near the southern end of run(the Nederland, TX terminal) of the Keystone XL. Info on the pipeline is easily available. It’s all standard, regulatory shit written by public information liaisons though. So it’s all pretty repetitive and not very informational at a material level.
Commodity prices are not solely based on supply/demand. Economic indicators play a role as well. Prices started rising prior to Nov 3 due to an expected economic slowdown.
Can someone explain to me the Keystone pipeline and its impact, if any, to our gas prices? I heard we dont use that oil for the US or our gas?
The Keystone XL still exists to bring Canadian crudes down to the US for refining. The new, Phase 4, section of Keystone that was axed was going bypass the Canadian markets and bring crude directly to the US. This would have greatly increased the amount of crude we could bring in from Canada. So not only does the US suffer, Canada suffers now too because we can’t pipe that sour shit directly to our refineries. So, now we must find other shithole countries to import crude oil from and pay even more exorbitant prices per barrel due to more complex logistics.
Haven't heard anyone say OPEC in 4 years. Amazing...my entire life until Trump it was the news of the day.
Our balls will be back in that vice before we know it at this rate.
not that I dont believe you, but is there somewhere I can read this? Also, that sort of linkage would go a long way in discussions.
If it helps, which it might not depending on how much you trust random internet strangers, I’m employed by a major oil refinery that is located very near the southern end of run(the Nederland, TX terminal) of the Keystone XL. Info on the pipeline is easily available. It’s all standard, regulatory shit written by public information liaisons though. So it’s all pretty repetitive and not very informational at a material level.
Commodity prices are not solely based on supply/demand. Economic indicators play a role as well. Prices started rising prior to Nov 3 due to an expected economic slowdown.