Faster horses
Well-known member
hypocritexposer said:Mike said:hypocritexposer said:Mike, it's not the Saudis, or OPEC, that has upped production. Their volume has remained the same for years.
It is increased US production and a slowed global economy that is lowering the price.
I know that. But the Saudi's refusing to cut shipping is helping to maintain low prices. They know their production costs are lower than ours.
In Alberta we are kinda wishing the US would produce less :wink:
I don't think it is OPEC's responsibility to look after the US' interests. The US should adapt...maybe export, allow for oil with foreign content to be exported etc.
It's kinda funny watching all the "NIMBYs" worried about Canadian oil being transported through the XL to be exported...seeing as it would not be eligible for export if it is mixed with US oil, on the way to the Gulf.
A whole lot of people don't know that the individual states have negotiated for Keystone XL to carry a % of US oil. I encounter this a lot.