Keystone XL Would Raise Gas Prices, Report Finds

[city414]

If america had resources all we'd do is sell it for profit not use it for our own sake

[buzzards27]

Originally Posted by city414

If america had resources all we'd do is sell it for profit not use it for our own sake

Big oil has no allegiance to America (i capitalize the name of my country), they will sell their products to the highest bidders.

[buzzards27]

Originally Posted by pghquest

I thougth Oil prices werent a supply/demand issue? Your own quote proves that it is..

Pricing of crude needs to be near $100 a barrel to make the economics of tar sands work. The high cost of production and upgrading the tar makes it impractical to exploit at the $40 to $60 range.

FYI, crude speculation and market manipulation add as much as 25% to the price of crude.

Speculation In Crude Oil Adds $23.39 To The Price Per Barrel - Forbes

Apparently, that is exactly what happened in 2008 when we were paying $4.11. Speculators manipulating the market for fun and profit at the expense of this country's economy, nice.

Oil speculators made $50 million by manipulating price: CFTC - May. 24, 2011