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The Manitowoc Company, Inc. Message Board

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  • spencer.templin spencer.templin Jan 22, 2012 10:45 AM Flag

    OT-but fwiw...Obama rejects Keystone Pipeline

    The pipeline will raise prices for US consumers.......OK

    So, right now we have the capabilities to crack the type of heavy crude that is coming out of the canada. We are currently doing so and shipping octane off to other countries which is raising the price marginally on domestic supplies. If we have a increase in supply and an increase in capacity utilization I don't see how one could make an arguement that prices would go up. Actually there might be more total sipments to Europe, although they are in a recession and demand has been dropping for distillates for the past 4 mos. out of europe, so eventually that demand will come back. And, for that very reason we need greater supply. If we have greater supply coming on line over the next 12 mos. then we can meet that demand with volume. As it stands the oil will be cracked either here in the US or Chnia, it is your pick.

    The arguement about prices going up is absurd and speculation at best.

    Your arguement about the POTUS making studious decisions is also absurd, there is nothing that the POTUS has studied other than lobbyist literature to make this decision. THat 60 day window was attatched as a part of the sunset clause on the payroll tax, not as a new planning provision like you proported.

21.56Mar 31 4:03 PMEDT