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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: pocotrader who wrote (233682)	2/10/2014 4:46:57 PM
From: teevee	1 Recommendation Recommended By tyc:> Read Replies (1) \| Respond to of 314077

true, but this is about who owns the oil before it is exported. Look at what the US has done with commodities like lumber for example. The US put on tariffs, killing the Canadian lumber industry, and then US lumber companies moved in and bought up Canadian lumber companies for $.10 on the dollar. If the US can keep Canadian oil bottled up, it means lower prices and negative growth for Canadian oil companies, making them cheaper for US companies to buy up. It is called US imperialism and those pricks have been doing it for over a century on a world wide basis. So, like I said, there will be no Canadian pipelines until the US gives approvals and Harper will do what Washington tells him to do. That won't change until the US is happy with their level of ownership of Canadian oil and gas. Also, displacing US imports from the middle east with Canadian crude directly impacts US arms sales to the middle east. Already, the Saudi's have threatened to spend their $30 billion a year somewhere else. You have to remember that the military industrial complex is spread out across all 50 states. Importing more Canadian oil means a loss of high paying high tech jobs in the arms sector, and that is something the US Gov't won't stand for. Both the XL pipeline and east west Canadian pipelines are also a guns and butter issue in the US.