The oil and gas industry continues to press our politicians to open up U.S./North American oil and natural gas for export. It will likely happen. Canada will build refineries/pipelines, oil and gas goes up, PWE goes up. The only question is time.
OMG. Profound. PROfound I tells ya. The professor waxes professorial. What was this, a soundbyte from Fix News? It is wonderful that we have such a clever insightful professor to post the obvious. What's your next post, Doc? "NEWS FLASH: SUN RISES IN THE EAST ON MAY 22?"
But you said the magic word: TIME. And there will not be enough time for (1) oil to rise (once it drops later this year) to sufficient levels to benefit PWE, (2) for pipelines to be built, and (3) as far as refineries are concerned, you can sing that song until Mr. Ed awakens from his Viagra-induced coma and says something intelligent. The LAST and newest significant (or sophisticated) refinery began operating in 1977 in Garyville, Louisiana. (Source: EIA). Professor Infinitwit once again tries to bring together large, unconnected dots with fantasy and fiction to arrive at his "conclusions".
And Professor, it does not necessarily or logically follow that just because oil and gas go up, PWE will too. That statement is just plain stupid on its face and needs no rebuttal, but as an example, oil and gas went up last year. Did PWE? No. Go stand in the corner with the dunce cap on now.