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MrRodgers -> RE: Canada OKs oil pipeline to the Pacific Coast... (6/19/2014 10:56:33 AM)
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quote:
ORIGINAL: Sanity
quote:
ORIGINAL: MrRodgers
First, for any additional production of oil to increase supply, doesn't require it to go through a pipeline across the US plains to Houston, it can remain the Canadian pipeline with the same effect.
Secondly, there exists no free market in oil as long as OPEC can manipulate supply and it is the speculators that determine the price of all commodities including oil.
Those dollars 'brought home' are oil industry dollars and are not to and do not serve society at all, they are private dollars and are in fact, by exporting these refines products through Houston...are tax free dollars, also not serving society.
You are really, really reaching here, unless you really don't know that our main refining facilities are down around the Gulf coast area
And you don't have anything thats made of plastic or was shipped around you anywhere. Or anything that requires lubrication like a bicycle, or anything that used petroleum to grow or harvest or manufacture, etc etc etc
And if there is really no free market effect, it must be a mass hallucination that oil prices rose dramatically when the Islamists who Barack said were defeated began assuming control if Iraq
And yeah, dollars brought here help everyone. Nothing occurs in a vacuum, if people have wealth they tend to spend some of it thus creating jobs
Thats the real way to spread the wealth btw. This business of addicting people to government handouts destroys them
Yes, the facts are often troubling. The various petro-products are irrelevant. The price of oil is sweet crude quoted by the futures exchanges...period. The so-called market is that which the speculators assess and thereupon...speculate and on paper at the exchanges.
When the price of oil went to about $140/bbl. and gas went to about $4 or $5/gal the world had plenty of oil, abs the US was exporting gas as fast as they could, so it wasn't supply at all. it was pure speculation and manipulation.
Private profits have been rising for years and in private corporate hands, do nothing for the economy or society. In many markets we've seen record profits and several new highs in the DOW and S & P as reflected.
Where are the jobs ? How have those private profits benefited society ? None at all...only the investor class.
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