Quote:
Originally Posted by Sedwards45
Keystone Pipeline is just what it says, pipeline! It is Canada’s tar sand oil to be PIPED over America’s heartland farms to Gulf coast refineries. After being refined, the oil was to be exported to EUROPEAN countries. It was never going to replenish US oil SUPPLY. It is not an oil field where you drill for oil. Research to see what tar sand oil does to the land if there is a major leak. Farmers would suffer devastating damage to their farm land and/or ranch with livestock. We need to encourage big oil companies to drill on their 9000 oil sites already leased. They do not want to drill. They want tight supplies so the price if barrel of oil remains high. Old supply and demand scenario. Oil companies are making high profits, $1.5 Billion in 2021. They did not reduce price at pump for suppliers. They had stock buybacks to increase their investors returns! All of us need to realize that oil companies and drug companies are not here to give taxpayers relief. They are in business to make money for stockholders! You and I give oil companies subsidies to just be screwed over when these companies make billions in profit. Barrel of oil cost high of $147 in 2008 but gas at pump averaged $3.52 gal for regular gas. TODAY barrel of oil cost $108 but gas at pump average $4.42 gal for regular gas TODAY. WHY THE DIFFERENCE? Oil companies are raking in profits! All of this information can be googled or researched in Bloomberg, The Economist, Business Insider and other various business articles.
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Let's see: A barrel (42 gal) of crude is $108=$2.57/gallon and you think the difference between that and gas at $4.42 is all profit?????? OMG. How about cost of transporting to refineries, refining it and transporting it to the gas station? And don't forget the tax, which is the main cost differences between states---note California at over $5.00/gal. Since you are convinced the "big oil companies" are somehow raking in the "profits", why not just go out and buy Exxon/Mobil stock?----get rich with them? Rotsa ruck on that one
