Keystone Pipeline

[spence]

It's a political football. That the GOP continues to push this while the fracking industry implodes is beyond me.
Posted from my iPhone/Mobile device

[detbuch]

Originally Posted by spence

It's a political football. That the GOP continues to push this while the fracking industry implodes is beyond me.
Posted from my iPhone/Mobile device

If the fracking industry in the U.S., which was a main contributor to the big fall in gas prices, is imploding, why not help the fracking industry in Canada in order to maintain some good influence on prices, while creating some jobs here, and helping our partner in the north to stay in our sphere of influence rather than going elsewhere like China.

And, oh, BTW . . . you can ease Nebe down from his fear that the Koch Brothers would make lotsa money from their tar sands investment, since the fracking industry is imploding. And, because the Koch Brothers will lose money on the deal, Nebe can now be satisfied that they will not be able to donate as much money to the GOP which it then would not be able to siphon off to Christians.

[spence]

Originally Posted by detbuch

If the fracking industry in the U.S., which was a main contributor to the big fall in gas prices, is imploding, why not help the fracking industry in Canada in order to maintain some good influence on prices, while creating some jobs here, and helping our partner in the north to stay in our sphere of influence rather than going elsewhere like China.

Right now the domestic producers are shutting down rigs and laying off tens of thousands. How does more oil into the market help?

A few bigger factors here. Fracked and tar sands production is expensive and was made possible by cheap credit. The Saudis by contrast have more efficient production and continue to flood the market.

Really, unless the global economy creates a surge in demand and raises prices back, more oil is just going to continue to crush US energy employment.

Get ready Texas, the party is over.