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Thread: Why the Keystone pipeline would boost pump prices

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    Why the Keystone pipeline would boost pump prices

    Why the Keystone pipeline would boost pump prices - NBC News.com

    Rising gasoline prices have helped proponents of a controversial pipeline proposal press their case that the project would help ease supply bottlenecks and lower prices for consumers.

    They’re half right.

    The proposed pipeline would relieve a glut of crude oil backing up in the Midwest and redirect those barrels to Gulf of Mexico ports. From there they could be shipped to world markets and repriced at higher global prices.

    But that likely would mean higher prices for drivers in the nation's midsection, who currently are enjoying an unusual discount stemming from a lack of pipeline capacity.
    So why do the oil companies really want the oil pumped way down to texas as opposed to just refining it for US sales in the north? It seems that oil is not able to find a global market due to it being landlocked. This means it is already being distributed at lower costs to the american midwest keeping their gas prices down. When it gets pumped to texas it will be able to be placed into global markets which will in turn increase it's value. Isn't it amazing how stupid it sounded to some of us to go through the expense of a cross country pipeline just to get this oil to texas for something they could do elsewhere? Yet we hear from conservative tools that texas is the only place that can handle this and we will all reap the benefits of cheaper gasoline and oil if we sacrifice for this insane plan. in the end we find that it is really just a marketing ploy to get more profit from oil for the oil companies while screwing the rest of us over.

    Perhaps they should rename drill baby drill to screw them baby screw em?

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    Re: Why the Keystone pipeline would boost pump prices

    I'm under no illusion that it will lower the pump cost, nor do I care about the environmental aspect. It will just continue to help our state and local economy for a short and mid-term level.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by Fiddytree View Post
    I'm under no illusion that it will lower the pump cost, nor do I care about the environmental aspect. It will just continue to help our state and local economy for a short and mid-term level.
    But it wont. The states it is supposed to help by providing employment will see a massive increase in gas prices. These are not states with massive public transportation people can use, or even the capability of providing good public transportation to rural areas to offset the rising costs of living they will have to endure. This will cause them to have less spending money to purchase things which will lower commerce and depress the area further.

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by tererun View Post
    Why the Keystone pipeline would boost pump prices - NBC News.com



    So why do the oil companies really want the oil pumped way down to texas as opposed to just refining it for US sales in the north? It seems that oil is not able to find a global market due to it being landlocked. This means it is already being distributed at lower costs to the american midwest keeping their gas prices down. When it gets pumped to texas it will be able to be placed into global markets which will in turn increase it's value. Isn't it amazing how stupid it sounded to some of us to go through the expense of a cross country pipeline just to get this oil to texas for something they could do elsewhere? Yet we hear from conservative tools that texas is the only place that can handle this and we will all reap the benefits of cheaper gasoline and oil if we sacrifice for this insane plan. in the end we find that it is really just a marketing ploy to get more profit from oil for the oil companies while screwing the rest of us over.

    Perhaps they should rename drill baby drill to screw them baby screw em?
    Much of the country

    Notice where most of the refineries are and where the greatest refining capacity is? Um, that is why they don't refine it up north.

    On another note, go ahead and buy that "regular" gas in those green areas on your map. Been through there, a lot. 85 and 86 octane is very common there and if your car requires 87 or higher, there is a huge jump in price up to mid-grade to meet that requirement.
    Only a fool measures equality by results and not opportunities.

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by tererun View Post
    But it wont. The states it is supposed to help by providing employment will see a massive increase in gas prices. These are not states with massive public transportation people can use, or even the capability of providing good public transportation to rural areas to offset the rising costs of living they will have to endure. This will cause them to have less spending money to purchase things which will lower commerce and depress the area further.
    It will help my states economy for a long, long time. Oh, thats right, we have most of the high capacity refineries.
    Only a fool measures equality by results and not opportunities.

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by DVSentinel View Post
    Much of the country

    Notice where most of the refineries are and where the greatest refining capacity is? Um, that is why they don't refine it up north.

    On another note, go ahead and buy that "regular" gas in those green areas on your map. Been through there, a lot. 85 and 86 octane is very common there and if your car requires 87 or higher, there is a huge jump in price up to mid-grade to meet that requirement.
    First off, the prices are already low because the oil is being refined and distributed in the landlocked areas. The reason to ship it to texas is because it would get to the texas ports which would give it a global market. We are already seeing the benefit in areas of this oil being distributed as gasoline so that argument fails. Also, there is a huge jump in gas prices as you increase octane in every state I have seen. That is not new at all. If you do not own a car that requires those higher octane fuels this is not even an issue so buy american as most american cars run fine on lower octane fuels.

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by DVSentinel View Post
    It will help my states economy for a long, long time. Oh, thats right, we have most of the high capacity refineries.
    Oh good, we should all suffer across the country so texas oil tycoons can become richer. I can see why texas would want it, but that is not a good argument for the rest of the states.

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by tererun View Post
    Oh good, we should all suffer across the country so texas oil tycoons can become richer. I can see why texas would want it, but that is not a good argument for the rest of the states.
    As would North Dakota. Screw the rest of the states.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by tererun View Post
    Why the Keystone pipeline would boost pump prices - NBC News.com



    So why do the oil companies really want the oil pumped way down to texas as opposed to just refining it for US sales in the north? It seems that oil is not able to find a global market due to it being landlocked. This means it is already being distributed at lower costs to the american midwest keeping their gas prices down. When it gets pumped to texas it will be able to be placed into global markets which will in turn increase it's value. Isn't it amazing how stupid it sounded to some of us to go through the expense of a cross country pipeline just to get this oil to texas for something they could do elsewhere? Yet we hear from conservative tools that texas is the only place that can handle this and we will all reap the benefits of cheaper gasoline and oil if we sacrifice for this insane plan. in the end we find that it is really just a marketing ploy to get more profit from oil for the oil companies while screwing the rest of us over.

    Perhaps they should rename drill baby drill to screw them baby screw em?
    Let's be kind and say that when the article you cite talks about higher priced crude, it is talking about the spread between Brent and WTI. At the time of the article the spread was very high, approximately $20/barrel.

    Currently there is virtually no spread between Brent and WTI, so the premise of this thread is false on it's face.

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    Re: Why the Keystone pipeline would boost pump prices

    Quote Originally Posted by Fiddytree View Post
    As would North Dakota. Screw the rest of the states.
    And Oklahoma and several other states.
    Only a fool measures equality by results and not opportunities.

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