Quote:I think we are talking about the same thing. I question what the actual financial impact is considering the oil is already coming through but on trains. Also it's not US oil, and will be sold to the highest bidder. How exactly does it impact the oil futures at all? I think that is majorly in question


As I said an argument can be made about pipelines being safer but to be frank this issue is dumb. It effects potentially nobody except for the people profiting off the oil and the 40 some permanent jobs it might create. It's insane that citizens are actually talking about a pipeline. It's been politicized to the inth degree.

Well the jobs you here championed would be construction jobs, and no construction job is permanent so the whole only 40 permanent jobs thing is a little misleading.


Second the pipeline would allow for more oil to come to market faster then pumping it and loading it on trains down to Texas, and the cost would be significantly less once the pipeline is built. Those are the two biggest factors in oil futures the supply (how much is on the market at a give time, faster production would mean greater supply) and the cost ( again reducing the cost would lower oil future averages across the board)


Right now it cost about $80 to extract oil from Canada and get it to market the pipeline is supposed to make that closer to $50 IIRC.


And yes is has been politicized that's the only reason Obama vetoed the bill today.

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