by Sixstrings » Thu 30 Jan 2014, 05:51:47
$this->bbcode_second_pass_quote('yellowcanoe', 'D')espite being a net oil exporter, there's no cheap gas in Canada. Indeed, taxes on fuel are higher so we pay more for gas than you do in the US. Another oddity is that Eastern Canada actually depends on imported oil -- the west exports and we import!
Ha, yeah, oddities of how the market works.
Well, okay, I gas gas isn't going down unless so much oil can get fracked / tar sandsed that it affects world supply. Or would the US and Canada ever wind up joining OPEC to keep prices up.
Of course we don't really want low prices and more consumption, but, keeping prices stable would be helpful. When there's a price runup people cut back and it hurts the economy.
Regarding this pipeline, I saw the former governor of Montana (schweizer?) talking about it, he said that the Canadians agreed to an onramp for bakken oil, so bakken will be transported down the pipeline too. They use rail currently.
So that changes things.. if American companies can use the pipeline to send their oil down it too.