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Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia
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Tom in Lazybrook Offline
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Post: #21
RE: Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia
(04-25-2018 09:08 AM)NoDak Wrote:  Trump approved both DAPL and Keystone. Transporting oil for the northern reaches of the continent to refineries or export have major impacts on production. Transportation costs would be so high that Alberta and Bakken oil production would be down in a major way. The Bakken has held steady over the past few years thanks to pipeline capacity.

British Columbia and Minnesota are doing their best to kill pipelines. Their consumers will feel it in the pocketbooks.

The Permian Basin has a problem with too little pipeline capacity to the Gulf Coast now, as oil production has been going up there. Truck drivers in Texas just have more job security until more pipelines are completed.

There another wave of LNG export terminals being built. Nat gas prices are low, and that’s slowing down drilling in the Marcellus. LNG and pipelines to Mexico will eventually cause nat gas prices to go up, enriching entire US regions rather than Qatar.

Keystone isn't about exporting American oil/gas, but rather CANADIAN oil and gas. The net impact of Obama's reluctance to sign on to it was to help AMERICAN producers.
04-25-2018 09:37 AM
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Machiavelli Offline
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Post: #22
RE: Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia
You know the other thing about this. What if all of that oil was still required to be sold in the states? Republicans changed that. Why do Republicans every single time screw over the middle class. Cheap gas is better than a tax cut. Yet the lemmings around here actually celebrate this. Yea!!!! We are selling oil in Europe that used to be sold here!!!!! Supply and demand numb skulls. Gasoline over 3 bucks a gallon is going to eat into all of that supposed tax break. Why do you guys like shooting yourself in the foot. You can do it with an assault weapon. Still hurts!!!!


Every single time you screw over the common man. Open your eyes guys.
(This post was last modified: 04-25-2018 09:49 AM by Machiavelli.)
04-25-2018 09:49 AM
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