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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%4:00 PM EST
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To: Metacomet who wrote (109819)1/18/2015 12:23:56 PM
From: teevee2 Recommendations

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Paxb2u
russet

  Read Replies (4) of 217551
 
..pushing for a pipeline for oil from Canada to be sold to the Chinese from Louisiana,


The facts are:

1) 50% of pipeline capacity is dedicated to Bakken production from the Dakota's.

2) 50% of pipeline capacity is dedicated to Canadian production. Of that, 50% is booked by Exxon, a US corporation

3) Most of the heavy oil will go to Gulf Coast refineries, where over $500 million was spent a few years ago upgrading to handle heavy crude

4) Canadian heavy crude will displace declining Venezuelan heavy crude that supplies up to 25% of refinery crudes in SW USA.

5) Stopping the XL pipeline is a breach of USA-Canada energy trade under NAFTA (North American Free Trade Agreement).

I hate to use strong language, but Obama is a liar and has lied to American electorate, and is undermining trust in the USA as an ally and trade partner, not only to Canada, but to the world.
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