BigMike Loc: yerington nv

Since oil is fungible, that could only happen if production is curtailed elsewhere. If supply outpaces demand the price will drop.

BigMike Loc: yerington nv

This looks like a good time to share something that turned up in my email today:

nwtk2007 Loc: Texas

With unregulated trading, the price is more effected by them than by the supply or demand. They also play games with "supply". Even the guys who turn oil into gas play games, processing less to drive up prices falsely.

Its a big s**m on the world.

ghostgotcha Loc: The Florida swamps

Perhaps you should invest your money in the oil and gas market?

nwtk2007 Loc: Texas

I have tons of Exxon stock. Had it since the 80's. They have split several times since then too.

Airforceone

Mike most of what your talking about are T***sCanada jobs it's just a pipe line that is going to existing terminals. Granted there are 6 pumping station that will need for monitoring and leak detection. But according to T***sCanda they will only create a maximum of 100 permenant jobs. Yes there will be periodic maintenance jobs but these are not permenant jobs. I am only going by what T***sCanada is saying. But for Boehner to stand there at his press conferences and saying it will create 525,000 and never answer the question as to the breakdown of that number. Most of the pipe, valves, pumps, are being manufactured in other countries such as Korea and that was mentioned by T***sCanada

BigMike Loc: yerington nv

I know. I was kinda hinting at that. Playing games with the supply is regulating if you think about it. For the government to regulate it, the governments of all oil producing nations would have to play by the same rules. That ain't gonna happen, and it is what it is. All the more reason to take development here, at home, to a higher level, including fracking and cooperation with Canada, which, all by itself is a good reason to build this pipeline. Who knows? In the future we might have to blow up a few oil fields, pipelines and refineries in certain areas of the world. It might be handy to have the ability to divert some Canadian oil to American refineries. In fact, now would be a good time to mention that we'd best build a few more refineries too.

BigMike Loc: yerington nv

There's a lot more to maintenance than the pipes and valves (which were once made here, and might be again if we'd wake up to the fact that overregulation and fiat currency sends our manufacturing jobs elsewhere). I've noticed that you process information through a very fine filter...that filter being wh**ever info the people desiring choose to give you to shape your opinion. Let me illustrate: Toss a pebble in a pond and the ripples do what? Anyone?..Anyone?..(imitation of Ben Stein in Ferris Buehler's Day Off :lol: ) They spread out the entire area of the pond. They don't just stop after three feet.

What about the copper mines who produce the copper that goes into wiring? Or the manufacturer who draws the wire? Or the chip manufacturer in Silicon Valley? Or the Caterpillar dealership that provides the parts when an excavator or backhoe breaks a tooth or needs a hydraulic line? Or the office supply that sells the desks, chairs and filing cabinets? Or the manufacturer of those things? Or the constructors of the above ground facilities? Or the building supply that provides all the materials? I could go on for days...and that's just a description of a few ripples that are close to the place where the pebble landed.

Let's go out a little further: All the aforementioned businesses are run by...Anyone?...Anyone?.( :lol: ) People! And people spend money on cars, and houses, and food, and clothes, and school supplies, and yearbooks, and swimming lessons....see where I'm going?

One more thing, which I addressed in a reply to another post. Strategically speaking, the pipeline is a no brainer. It increases the cooperation between the US and Canada, and in this f****d up world we couldn't hope for a better neighbor. Between the two countries we have a hell of a lot of natural resources, industrial capability and know-how. That pipeline adds to that capability, industrial and strategic! Just because the oil is going to China (or wherever) now, doesn't mean it will continue to go there if, say, an international crisis should occur, like a major disruption of oil from the Mid East...a scenario that becomes more likely every day. In fact, it may be a good time to add to our refining capacity in Louisiana!