Keystone is a Red Herring.
Originally Posted by sportsshrink
Not a drop of oil will flow because it will not be approved. But yet he hopes the uneducated masses buy into this Cushing OK PR
stunt on the Keystone pipeline. Why is he doing this? The price of gas AND more importantly a poll that came out that said 78% of Americans want Keystone. Interesting this event was closed to the public. I wonder why
It doesn't really matter because all the oil from it is going to China—not America per the company Trans Canada. That and "refineries on the Gulf Coast have long-term commitments to buy oil from current suppliers—including Saudi Arabia, Venezuela, and Mexico. Those nations don't want to cede market share to Canada."..."Canadian Natural Resources Minister, Joe Oliver, has stated publicly that it’s a national priority to find markets for Canadian oil other than the United States."
Again, as I've said before this is being fought by some Tea Party activists because it relies on abusive eminent domain. That is eminent domain for private gain. Conservatives ought to be concerned about this as property rights advocates. Since the oil is not going to be sold in America, but expands oil markets for a Canadian firm outside America, this is how the GOP scams it's own followers with their govt/private partnerships of crony mercantilism.
Also, prices are up much more due to the weak dollar since the warm winter led to lower demand and higher supplies. There's an oversupply of oil in the Midwest hub of Cushing, Oklahoma where the only buyer is the United States. If you want lower oil prices then handle the Federal Reserve. I might add, if you want to handle Obama, or any other politicians overspending....they'd be handled by handling the Federal Reserve.
Full story on where the oil will go and who it benefits here: http://www.examiner.com/transportati...#ixzz1pmDNVPQ4