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BoscoX -> RE: Turning On The Pipeline Spigot (3/20/2017 6:33:28 AM)
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quote:
ORIGINAL: MrRodgers
quote:
ORIGINAL: montanasubboy
@thompsonx Oil is traded on a world market. I own an oil well and have part ownership in 23 other wells all in the USA. I am one that would have preferred the pipe line would have never been built. That said it is not always about the jobs, or if the oil is sold in the USA. Two things happen when the USA imports oil from Canada. It creates very few full time permanent jobs in the USA. One is it increases oil reserves in the USA. Even if the old is exported it has a long-lasting effect on reserves and that brings the price of oil down. The second thing is this oil is stored very close to the refineries and tends to be used before other imported oil. I do not sell my oil from Wyoming because of that fact. The US tends to ship most of what we use daily by truck or rail. Both use a tremendous amount of fuel and as fuel prices go downward cost of food, building materials are only two items that drop-in price. Where most really save, are the people that must commute for work. Look up the amount saved by the last big drop in gasoline prices just on the east coast. Studies show that the money saved was spent back in the service sector. Over all there are more job created than one would realize.
I know you just hate it when someone does it better than the last one. I live where global warming has become a problem. It must be addressed very soon. What most seem to overlook are the countries that have not cleaned up their act. I hope now in trade agreements the US will start to put real presser on those that are not doing anything to stop air pollution.
Most if not all of the XL Keystone (Koch brothers) pipeline takes oil to be sold or refined and sold through the Port of Houston. That is what's called a FTZ (Free or Foreign Trade Zone) which is a tax free zone. (80% of the benefits of this act...is oil)
That oil need not go anywhere near Houston but for that windfall benefit. As always in America, it is not about oil, it's about...the fucking money.
HERE
Red herring straw fish propaganda and lies spew. Or, "the propaganda is heavy with this one"
Huston's FTZ has nothing to do with the federal government trade policy, only Huston city tax policy. They choose to not tax the storage of goods being shipped through Huston in order to draw in business, and communists like you hate business
No matter how well it feeds the people
Communists have starved millions and millions btw, literally
Oil companies pay a lot in taxes, and their products are heavily taxed, and they always pay royalties and fees to individuals and the federal government, as well as to state and local governments.
https://energy.duke.edu/sites/default/files/attachments/4.%20Local%20government%20revenue%20from%20oil%20and%20gas%20production%20CORRECTED%20SUMMARY%20FINAL.pdf
A lot of middle class citizens receive very good pay and excellent benefits in the energy sector, their incomes are taxed,and corporate profits are taxed
Energy is vital to the economy, and affordable energy helps the poor the most. More than any government program ever
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