Don't This Beat All - Keystone Pipeline Now Obsolete - No Longer Needed

[i'va biggen]

Originally Posted by CuteOldGuy

That was never the argument. But keep making stuff up to try to make yourself sound intelligent. By now, the law of averages is on your side.

You claimed that an increase in the supply of oil has no effect on the price. That is stupid, no matter what you make up to support your ignorant statement.

Keep digging!

Come on dull knife someone of your superior intellect and education that is superior to the ones you call stupid on this board should be able to grasp the concept. You never answered the question that if our increased production and drop in consumption why hasn't our price gone down.

[gnadfly]

Originally Posted by i'va biggen

ping ping ping ping ....

idiot

[i'va biggen]

Originally Posted by gnadfly

idiot

Yes you are, thanks for verifying it for all the members.

[Guest032516]

Originally Posted by BigLouie

Canadian oil prices are now just $18 below the price of U.S. crude thanks to a series of new U.S. pipelines, The Wall Street Journal reported this morning.
This means the Keystone XL Pipeline is already obsolete.

"Higher oil prices in Canada ... are a sign that oil-sands crude is finding its way to the U.S. even without the approval of the controversial Keystone XL pipeline," Journal reporters Nicole Friedman and Chester Dawson said. "The resurgence in Canadian oil prices and energy stocks is further confirmation that the transportation problems that have prevented both Canada and the U.S. from enjoying the full benefits of the energy boom are easing."

Until recently, crude from Canada's booming tar sands was getting trapped in the Midwest, preventing it from getting to the Gulf where it could be exported at market prices.

But in January, engineers switched on the Seaway Pipeline, which connects the major crude delivery hub in Cushing, Okla., with Gulf refineries. And rail now transports 550,000 barrels of Canadian crude, when five years ago barely 1,000 barrels were processed.

As a result, the price of Canadian oil has since risen to $80.67 a barrel as of Tuesday, about $18 below WTI. In November the gap was as large as $40.

"It's not a necessity today," Chris Theal, president of Kootenay Capital Management in Calgary.

Who the fuck wrote that article anyway? Micheal Moore?

First off, the pipeline isn't "obsolete" like an 8-track tape player. It hasn't been replaced by a cheaper, better technology.

Pipelines are transportation infrastructure, just like railroads, canals, and highways. And nothing moves liquids and gases more safely or more cheaply than a pipeline. That hasn't changed.

The half million barrels being moved by rail (instead of a pipeline) isn't a good thing. It is a bad thing

If oil prices FELL, then you could make an economic case that the Keystone pipeline should not be built because the oil from Keystone tar sands would be too expensive to produce at the lower price and the pipeline would not pay for itself.

But oil prices are RISING. So that means it is MORE likely that oil from the tar sands can be produced at a profit. So how exactly does that reduce the need for the Keystone pipeline?

The article makes no sense at all.

[gnadfly]

Just note: businessinsider.com

Eva: still the idiot. Again, you are overdue for a handle and avatar change.

[CJ7]

Originally Posted by ExNYer

Who the fuck wrote that article anyway? Micheal Moore?

First off, the pipeline isn't "obsolete" like an 8-track tape player. It hasn't been replaced by a cheaper, better technology.

Pipelines are transportation infrastructure, just like railroads, canals, and highways. And nothing moves liquids and gases more safely or more cheaply than a pipeline. That hasn't changed.

The half million barrels being moved by rail (instead of a pipeline) isn't a good thing. It is a bad thing

If oil prices FELL, then you could make an economic case that the Keystone pipeline should not be built because the oil from Keystone tar sands would be too expensive to produce at the lower price and the pipeline would not pay for itself.

But oil prices are RISING. So that means it is MORE likely that oil from the tar sands can be produced at a profit. So how exactly does that reduce the need for the Keystone pipeline?

The article makes no sense at all.

5 months ago

http://priceofoil.org/2013/12/04/tar...ky-investment/

5 days ago

http://oilprice.com/Energy/Crude-Oil...-May-2014.html

[CJ7]

New pipeline needed, we're almost out ...

[Guest032516]

Originally Posted by CJ7

5 months ago

http://priceofoil.org/2013/12/04/tar...ky-investment/

5 days ago

http://oilprice.com/Energy/Crude-Oil...-May-2014.html

I'm not sure what you are saying.

The price of oil is going up according to the articles, right? So, that means it makes more sense to build the Keystone pipeline, since it is expensive to extract crude from the Canadian tar sands.

[CJ7]

Originally Posted by ExNYer

I'm not sure what you are saying.

The price of oil is going up according to the articles, right? So, that means it makes more sense to build the Keystone pipeline, since it is expensive to extract crude from the Canadian tar sands.

Im saying oilsand is a risky business and the price of crude will fall because of the overload in our reserve/supply

we need refineries not pipelines from Canada... IMO

[Guest032516]

Originally Posted by CJ7

Im saying oilsand is a risky business and the price of crude will fall because of the overload in our reserve/supply

we need refineries not pipelines from Canada... IMO

Yes, it is a risky business. But let the investors factor that into their calculations.

And we do need more refineries, but that does not mean we don't also need more pipelines and sources also. Worldwide demand is growing.

Frankly, I hope one or more of the numerous fusion projects being researched hits a home run SOON and does to the oil companies what MP3s and the internet did to the record companies.

But for now, we might as well let the market play out.

[CuteOldGuy]

Originally Posted by i'va biggen

Come on dull knife someone of your superior intellect and education that is superior to the ones you call stupid on this board should be able to grasp the concept. You never answered the question that if our increased production and drop in consumption why hasn't our price gone down.

You are changing the subject, LittleEva. It's not working. You still sound stupid. Now take your ass, which has just been handed you, and go play. The grown ups here want to talk.

[CJ7]

Originally Posted by CuteOldGuy

You are changing the subject, LittleEva. It's not working. You still sound stupid. Now take your ass, which has just been handed you, and go play. The grown ups here want to talk.

speaking of the subject, are you ever going to comment on the subject or just sit in the corner and throw rocks at people who do ? Grown up ? yeah, riiiight.

[Thibodaux]

Canadian Tar Sands product = Crap , period!

There are $everal other, more productive pipeline projects; more worthy than the Keystone. Natural Gas and NGL's would be a better, more profitable infrastructure play at this time. We could help to put Putin out of business more quickly, if DC would quicken the extraction of their heads from their asses.

[Guest123018-4]

Libtards want us to keep importing from the successor to their idol Hugo I am hanging with the devil now Chavez. Most of the oil that the Canadian oil would replace comes from Venezuela that bastion of freedom and liberty.
The only thing blocking the Keystone completion is Warren Buffet which stands to lose big time on his railroad.

You libtards are so easily duped.

[i'va biggen]

Originally Posted by CuteOldGuy

You are changing the subject, LittleEva. It's not working. You still sound stupid. Now take your ass, which has just been handed you, and go play. The grown ups here want to talk.

Stick your condescending tone up your ass dull knife. You are too dumb to hand anyone their ass. Either answer the question (like you are always telling someone else to do ) or STFU.