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Linn Energy, LLC Message Board

  • norrishappy norrishappy May 7, 2014 11:10 AM Flag

    Gap Between Canadian, U.S. Oil Prices Narrows

    Refiners also could reduce the amount of oil they buy from Canada as they work through record stockpiles on the Gulf Coast. The U.S. government said Tuesday that it expects U.S. production next year to hit its highest annual level since 1972.

    Even without Keystone XL, Canadian producers hope to avoid future bottlenecks by shipping more oil by rail.

    The narrowing gap between Canadian and U.S. oil prices creates "more confidence that we're going to get world prices for our products," said Chris Theal, chief investment officer of Kootenay Capital Management Corp. in Calgary, whose $20 million fund is invested mostly in Canadian energy companies."

    It is simply delusional to the point of insanity to believe blocking the XL or KMP expansion will hold back oil sand development. It has not and will not.

    MOre pollution, imposed economic inefficiency and Buffett minting money training oil. This is all Obama is achieving.

    But better yet stop mandating the insanity of pulling around 10% of our gasoline supply in train cars as a wholly defective blend to our gasoline.

    Hey how about we get mature and rational and do both!

    OUr economy should not be in a normal 4% recovery growth. It should be exploding on productivity, discounted and secure American energy and shame under utilization of human potential.

    The only things which have kept American and therefore the world out of the Great Obama depression?

    A heoric and maybe mistaken Fed and our energy boom. Obama is after the energy boom - again.

    All this on a stolen election by dissembling, obuscation and deception? Is the fruit surprising?

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    • Keystone xl 2 will not be needed until 2017..even if the tar sands boost production to 200% of present production......so what's the rush.......Keystone XL 1 is only running at 50% capacity now...rail is about the only way to get the oil out of remotes parts of Canada and Northern US states......to eastern Canada & the USA

      • 2 Replies to do_your_own_research
      • Oil is going to eastern Canada now and will increase this year and next. Valero to Suncor Shun Overseas Imports in Eastern Canada at Bloomberg

      • I guess you are not up on your train news. Trains have the advantage of flexibility but they are not as safe, cost far more and pollute far more. Allowing the free market to function will drive economic efficiency and competition.

        Plus the Canadians have world markets they can reach themselves. Pulling this illegal nonsense and blocking will probably result in the oil going directly to Asia. As we all know Asia is not big on pollution regulation and enforcement for many reasons.

        Plus it is not XL as a stand alone. Doing something so far beyond the power of the office based on bogus reasoning chills all investment.

        If this were not true industry would be building ngl processing plants to get to our free ethane before any one else can. Not happening despite free funny money from the Fed. In fact if we are going to keep our clean natural gas industry whole, we will have to export. Talk about selfish and deluded out come.

        Obama is not regulating in good faith. He is doing it for his political power and collectivist agenda not GW.

        Regulating in bad faith is a very serious form of lawlessness. YOu can not maintain a Republic in a lawless state. Which is exactly why Russia, China and may others see our weakness and are now acting based on our weakness.

        Yea it matters a great deal. When Putin started acting up any other President would have approved XL next day as a necessary symbol of policy resolve. Not Obama. It matter a great deal for many critical reasons.

    • Norris You forgot to mention, Obama's secret Pal ,eatherman terrorist Bill Ayers huge railroad stake hauling crude oil!

      • 1 Reply to gumbyisle
      • dadnorris1@sbcglobal.net dadnorris1 May 7, 2014 12:00 PM Flag

        Yea Gum I am not aware of it. But it would be what collectivist nihilists do.

        What are the Earth Summits but a bunch of elites piling into private chartered planes entitled to rapacious consumption of the earths more rare and expensive delites, upon landing. Saving the earth from the cancer of surplus humanity is heroic. Goofy Gore just had to sell his network to a fuedalist oil state. Had to because capitalism is just so bad and nasty.

    • Hey Norris in the movie Dumb and Dumber, which one are you?

      Refiners also could reduce the amount of oil they buy from {as they work through record stockpiles on the Gulf Coast}The U.S. government said Tuesday that it expects U.S. production next year to hit its highest annual level since 1972.

      Which I told you and this board months ago how we were stocked with oil.

      Then you on your own say this.

      MOre pollution, imposed economic inefficiency and Buffett minting money training oil. This is all Obama is achieving.

      • 1 Reply to opinionsarelike33
      • The US Government tells me there's no inflation , Obama's stopped Private construction of Keystone, aka Political favors for campaign contributions, why hinder the most efficient transportation method , unless Tax more Rail road owning Buffet, or Terrorist Board Buddy, railroad owning Bill Ayers couldn't profit Crude Oil, like water will find a level, one way or the other & Americans might as well export it as anybody else! I agree with Norris!

 
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