to turn that crude into gasoline, jet fuel and perfume for the export market. Yeah, that's right! We are producing so much gasoline now that we can export the stuff. And we are. The pipeline is needed so that we can refine it for the Chinese before it ends up there anyway.
If the US refined imported crude into exportable gasoline, how is that any different from importing rosewood and exporting Les Pauls? Sounds like a move toward a better balance of payments. Is oil refining not a form of manufacturing?
True.. nor will it created thousands of new jobs.. But, I don't object to the pipeline so much as I object to the lying, hysterical politicians who are gaslighting the American public about the pipeline.
Profit baby!!! We'll (*)(*)(*)(*) and moan about gas prices, but the fat cats supported by the right wing, will keep on "doin' what they do". That is...fleecing America as long as they possibly can. Can't interfere with "profit". Sell it! Sell it!
You are more than likely too late. http://www.huffingtonpost.ca/2012/02/10/stephen-harper-china-oil-human-rights_n_1267656.html Yes. It's the Huffington Post but it's also reported elsewhere.
Gas prices are established by the world market and not by US production. The US is refining more fuel than it uses, and exports the excess. Anyone who believes that more US oil production is going to lower the price if US gasoline, knows nothing about business.
But the right wingers will still pretend it's somehow going to help America with gas prices. That's their game until somebody calls them on it. If the lamestream media reminded people that the oil from this pipeline would be sold for profit overseas, and won't do one blessed thing to lower gas prices, you'd see the idea of a gas pipeline quickly fall by the waste side. Doesn't happen though. All we here is the GOP railing against Obama for interfering with "the free market" and "hurting America". Umm..I don't mean to be nasty but...the GOP blows.
Given that the US will receive almost nothing for this pipeline, I don't see how that would provide any significant positive impact on our trade balance. If we were collecting transshipment fees, this might be different, but we won't be getting anything of the sort. We will, however, incur the costs of the environmental consequences, and the security costs.
The crude is a Canadian export and a US import. The refined product is a US export. Many industries do this: Import raw materials and export finished or semi-finished product. Gibson guitars imports rosewood and make highly desrable Les Paul guitars that are exported world-wide. Interbational Nickel imports semi-finished nickel ore from Canada to WV, and exports Inconel and Monel shapes. So how is this any different?
No difference. If you are importing rosewood and turning it into Les Pauls for export, you can't whine that that the country is a net exporter of rosewood. If you need more rosewood to turn it into Les Pauls for local consumption, then maybe you can whine. In other words, it ain't up to us to send the 7th Fleet to keep markets open for rosewood importation.
