Cahaba Valley Farm
Veteran Member
At the rate the interest rates are rising it's going to take 2 years to get where we should already be adjusting now.Commerce is coming to a screeching halt With rising interest rates and $5.50 diesel.
At the rate the interest rates are rising it's going to take 2 years to get where we should already be adjusting now.Commerce is coming to a screeching halt With rising interest rates and $5.50 diesel.
Your state is the number one oil producer, mine is number two. You have almost zero federal land in your state. Why isn’t Texas producing more oil? What is stopping this? Or can it be that the companies are producing just what they want to sell at a given price per barrel?Fuel increases typically ripple up through the economy...wages for drivers will also go up. If only there was a way we could increase oil supply...
It’s a shame the pipeline was cancelled. Itd be pumping 900,000 barrels by nowYour state is the number one oil producer, mine is number two. You have almost zero federal land in your state. Why isn’t Texas producing more oil? What is stopping this? Or can it be that the companies are producing just what they want to sell at a given price per barrel?
The reason that the Keystone pipeline was proposed was to transport low quality Canadian tar sand oil to the Gulf of Mexico ports for export. No US refinery can process that oil. The gulf coast refineries are built to handle higher grade U.S. and Middle East oil.It’s a shame the pipeline was shot down. Itd be pumping 900,000 barrels down through the USA. We could be buying all the oil we need to make up for the shortfall and refine it right here….
Oh well, we can all put off those purchases we planned for for a few years.
Awesome!
IF that were only true. So what if we cant refine it? If someone else can, it still adds to the supply. The fact is that the pipeline would add epic amounts of oil to the supply more cheaply. If that happens, supply is increased and prices fall.The reason that the Keystone pipeline was proposed was to transport low quality Canadian tar sand oil to the Gulf of Mexico ports for export. No US refinery can process that oil. The gulf coast refineries are built to handle higher grade U.S. and Middle East oil.
It is in fact true. We do import and use both Canadian and Mexican oil; they are the largest suppliers of oil to the U.S. from other pipelines and seaports. But the Keystone was intended to facilitate export of the tar sand oil that nobody in North America wants to process. That oil is currently being transported to the gulf coast export terminals by railway tank cars. And our refineries don’t want it. It was all to benefit Canadian companies to reduce their transport costs. Several Native American reservations didn’t want the pipelines crossing their lands.IF that were only true. The fact is that the pipeline would add epic amounts of oil to the supply more cheaply. If that happens, supply is increased and prices fall.
It is in fact true. We do import and use both Canadian and Mexican oil; they are the largest suppliers of oil to the U.S. from other pipelines and seaports. But the Keystone was intended to facilitate export of the tar sand oil that nobody in North America wants to process. That oil is currently being transported to the gulf coast export terminals by railway tank cars.
And our refineries don’t want it. It was all to benefit Canadian companies to reduce their transport costs. Several Native American reservations didn’t want the pipelines crossing their lands.
True, but this has little to do with US oil prices at this time. The decision by congress to subject the US to world oil prices by allowing exports is the biggest factor. And we don’t import refined fuel; we do export oil because the oil companies wanted the high value world market prices. Even now they have the capability of producing more but they are producing at the level that shareholders want. We are being hosed by the oil companies. And the war has piled on.More railroad engine diesel exhaust….Great for the environment. More derailment risks.
Sign me up bro!
If that were true, it could be refined elsewhere and purchased by us anyway, so whats the difference?
Refining here or refining elsewhere. Its still less pollution through a pipeline, more American jobs and steel and more oil gets to the oil markets cheaper & safer.