Which means it makes a ton of difference.
In all candor, I am continually amazed at the shallow-mindedness of liberal America. I see too many views as just plain stupid, and I know that "stupid is forever", but I am still both amazed, and even more disappointed. God save the Republic.
Econbrowser: Costs and benefits of the Keystone XL pipelineLight sweet crude in North Dakota is still selling for $20/barrel less that you could get for it if you could find a cheap way to transport it to the Gulf of Mexico. A quick calculation suggests that infrastructure that could move 500,000 barrels a day would generate $3.6 billion in annual value added. That benefit would go to the people who work to build the pipeline, motorists who buy the gasoline, workers and companies that produce the oil, and the government that collects taxes from all the rest.
that $20 differential represents the additional expense needed to transport the oil to the oil market place. once it arrives there, its cost will be at parity with the other oil on the international marketLight sweet crude in North Dakota is still selling for $20/barrel less that you could get for it if you could find a cheap way to transport it to the Gulf of Mexico.
in short, what may appear to be a bargain at the well head is no longer discounted at the marketplace
as was noted above, once the cost of transport to the end market is added to the $80 per barrel well head price, that $3.6 billion is lost to cover the expense of transport before a pipeline becomes availableA quick calculation suggests that infrastructure that could move 500,000 barrels a day would generate $3.6 billion in annual value added.
there is NO financial benefit which will accrue
That benefit would go to the$1 billion in wages (assuming a $50K annual wage) would go to the workers during the total span of construction leaving $3.6 billion in additional profit for the oil company annually thereafterpeople who work to build the pipeline,
it was estimated by a cite earlier provided, that the price of gasoline is expected to be reduced by $1 per barrel, 1%, due to the resulting additional supply in the world's marketplace. hardly a savings worth the added environmental problems that are expected to result (20-40% increased emissions above that resulting from processing common crude)motorists who buy the gasoline,
i don't see any benefits going to the workers, other than those man years required to construct the pipeline. maybe you will point out how workers other than the pipeline builders will benefitworkers
yes, the oil companies will accrue an additional $3.8 billion annually while our citizens are subject to loss of use of their properties thru eminent domain, our nation is subjected to additional environmental toxicity, and our aquifers and habitats are placed at needless risk, to allow the oil inductry to generate those additional profitsand companies that produce the oil,
sorry. we are going to use X amount of oil no matter where it comes from. the taxes on X amount of oil consumed will not change if the pipeline is allowed to be constructedand the government that collects taxes from all the rest.
What is it about Hugo Chavez that gives you a boner ?
Nigeria is to bank on because why ? Nigerian bank scams ?
At least Mexico is right there, like Canada.
Were you a petroleum product buyer during the oil embargo ? Have you ever waited an hour or two to buy 10 gallons of gas ? Ever been told you could not buy gas on an even calendar day because your licence plate ended in an odd number ?
This is pathetic.
Last edited by Eighty Deuce; 01-20-12 at 10:00 PM.