WSJ: Was Obama Right? XL Pipeline May Not Have Enough Oil TO Carry
Pipe makes it economic to produce at lower prices as it is some much more efficient, cost effective, safer far less pollution than training. BUt then Buffett would not get his political pay off for supporting Obama.
Once again RLP has no clue.
"At the same time, limited pipeline capacity has bottled up Canadian supplies, exacerbating price swings and threatening lower prices to come."
He misses the whole point in his emotional excitement to post something true Gasland,Oil Drummers and ethanol believers would love.
The lower prices do not make it to American consumers as the folks who figure out how to move it earn the profit. But then high gasoline prices are great for the American economy. Just ask any brain dead flat earth progressive.
They have new economics to go with their new meth. Neither of course works.