thereisnospoon
Gold Member
Americans will not get any of the refined gas that results from Keystone.
So why should America take the environmental risk?
You don't know that.
BTW, exporting fossil fuels will make this country into an economic powerhouse.
More revenue to the federal government. Lower taxes on individuals. More money in the pockets of the people. Stronger economy.
Where's the problem?
I do know that. They've said so.
We are awash in fossil fuel: why isn't our gas down to $0.99 like it was the day Clinton left office?
Commodities trading and taxes.
Here in NC we pay almost 70 cents per gallon when state sales, highway and federal taxes are considered.
Oil is a valuable commodity. it is not just a fossil fuel. It is a way to make money.
There is nearly 100 times more money in the oil markets than there was ten years ago. Back then a days trading was measured in the millions of dollars. Today it's hundreds of millions.
Many pension funds are heavily invested in commodities. So are 401k's and other index, ETF and other funds. Oil is also used as a hedge against the US Dollar. If the US Dollar falls, traders buy up oil and gasoline futures.
Do I like paying $3.25 per gallon for gas? No. But I understand the marketplace.
Funny, I don't hear any bitching when the price falls to historic lows as it did in 2008 just after the recession began. or in 1998 when traders bet on the price continuing to rise to levels never seen before. or in 1991 right after the gulf war started and the price of a barrel of oil tripled in a week, only to fall below the level is started a week before the first shot was fired. Traders thought there was among other things, an embargo by the Arab members of OPEC and a supply interruption from Saudi Arabia due to military activity.