I just don’t understand why the Keystone XL pipeline is such a high priority for the Republicans and Democrats in Congress. Maybe I’m missing something, but this is how is see the project. The pipeline will be owned by Tanscanada, a Canadian company. The oil running through the pipeline belongs exclusively to the oil companies … More Why all the fuss about the Keystone XL pipeline?
Like a moth drawn back to the flame I feel compelled to be singed one more time. It’s a simple equation, increasing oil production is not equal to lowering gas prices (↑ crude oil production ≠ ↓ gas prices). The groundless argument that gasoline prices in the United States would be reduced by increasing the … More ↑ crude oil production ≠ ↓ gas prices
I’m not exactly sure why I can’t seem to let go of this topic. Maybe it’s because I sat through another news cycle with Republican candidates vociferously maintaining that President Obama could somehow affect short term gasoline prices. Once again they cited how the policies of his “anti business” administration were limiting the production of … More Keystone XL, gasoline prices and politicians
Governments of 18 of the top 20 oil producing nations control the distribution of oil from their territories. Only two, the United States and Canada, allow oil companies to distribute oil according to market dynamics. While it may be correct to talk of “Saudi Arabian Oil” there is no such equivalent entity as “American Oil.” … More Gasoline prices, politics and the reality of petroleum distribution.