Zeets2 » Yesterday, 1:55 pm » wrote: ↑
I disagree with the belief that gas prices will rise. I'm confident that with the removal of Biden's regulations, fees, and restrictions on the oil industry, we will become energy independent again and prices will drop to $2 a gallon. Additionally, the completion of the Keystone XL pipeline will add almost a million barrels per day that will be shipped overseas, lowering the gas prices for the world. This is how Trump will be lowering inflation and interest rates, which will come quickly once gas and diesel prices decline in this country.
What will bring down prices is the removal of obstacles from drilling known reserves.
The keystone XL is off the table. It's a dead project. The lawsuits, the permit games on both sides of the border, and biden's cancellation of their border crossing permission caused the company that owned the pipeline to dig up the pipe that had been laid and use it in a pipeline crossing western canada to ports on the west coast. America's current commitment to drilling its own oil diminishes the profit potential of the project, which was originally intended to send Albertan crude to nebraska to be refined for the american market. It doesn't appear that the american market is going to even need that crude, with Trump in office.
Trump's efforts to revive the conversation about the keystone xl were mostly for optics. The company that owned the keystone - the line that the xl was designed to hook to - no longer owns it. So it looks like warren buffet will continue to transport the bakken crude out of montana and north dakota and wyoming by the most dangerous method: railway cars. There have already been\
Since July 2013, at least 10 major accidents involving oil trains have occurred in North America, resulting in 47 fatalities, causing the evacuation of thousands of people, spilling millions of gallons of oil into waterways, and causing billions of dollars in property damage and environmental destruction.And that is just on THIS side of the border. Dozens have died in Canada as well - from the BNSF alone (buffet's railroad). Over 300 oil spills PER YEAR occur in Canada from train derailments or leaking railroad cars.
Democ rats do not care about the environment. They care about power and money.
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