The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: The Reaper who wrote (56857)	1/18/2012 4:34:29 PM
From: Logain Ablar	2 Recommendations Read Replies (1) of 119360

Oh let the FUD begin. We import 11.5mbpd but we will export the 900k that would be coming on the XL pipeline. I guess that makes sense if its a government burecrat running the operation. Lets see 900k bpd of new supply (I guess not all of it is additional if it is being trucked and trained in now) won't decrease the price. Now I know we have Keynesian's controlling both parties but I thought even they believed in supply and demand. It's only 7,000 temporary construction jobs. This is rich. Tell that to the out of work pipefitters, electricians, welders, truckers, etc. No jobs will be created or saved with the extra dollars in the consumer's pockets, never mind the lower transportation costs. After all there will be no savings so no jobs. We would rather send the payments to our friends in the middle east so they can purchase military equipment (although we probably give them the money for this already). Its dirty oil anyway. :).

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