The B12 (XII) Forum, home of the 'Front Porch, y'all' at College Football Fan Site, CFB51!!!

us rich folk don't need all that cash

obviously

Gasoline prices move pretty much in lock step with global crude prices

agreed, until a refinery explodes

It's a global market. Short of an outrageous tariff or blockade, government action really can't directly affect the price of gasoline. Of course, people speculate on the commodities markets, too. If they're thinking an influx of dollars will somehow lead to travel, they're likely to bet the future contract higher.

Oil has had its day. It now costs less per month to buy new wind generation equipment than it does to fuel a power plant. With energy densities in battery storage supporting 300+ mile ranges, the internal combustion engine no longer makes sense. It really isn't a political question. We moved on from horses, too, when we invented a better way.

Turns out the family likes smoked salmon. I do it with nothing more complicated than soaking a cedar plank in water for around 2 hours, then oiling a center cut salmon hunk with grapeseed oil and coating it with a little salt and pepper. Put it on the grill, offset from a lower heat bunch of charcoal, for around 25 minutes. I usually pair it with some couscous or quinoa to make it seem exotic. I'll nuke some "Steam in Bag" Green Giant Mediterranean vegetables or broccoli just to round it all out. Easy, cheap, quick to clean up, and it seems fancy.

Thats not accurate.  We have shut doen the Keystone pipeline and stopped all oil production on federal lands which shuts down much of Alaska

This is incorrect, or badly exaggerated.

There are existing Keystone pipelines still in operation.  Construction on the XL was halted.  That in itself will not impact oil production, only shipping.

This is incorrect, or badly exaggerated.

There are existing Keystone pipelines still in operation.  Construction on the XL was halted.  That in itself will not impact oil production, only shipping.

oil produced in Canada really doesnt help the US especially if they sell it to China which was what was going to happen

Oil produced anywhere creates global supply which helps reduces prices.

It's fungible.

That Canadian oil is going  to get to market one way or another, duh.  Pipelines are  safest and most efficient.

Keystone XL would pump sour shale crude. It's basically sulfur entrained. American refiners won't touch it when there's abundant light sweet crude or Brent grade available. The only thing this pipeline would do is bypass trucking jobs in order to onboard the oil at a port to take it overseas.

My feeling is that crude peaked already. We've got enough domestic sources to essentially ride out the transition. Right now, getting former rig workers up to speed on wind installations would be a fantastic use of resources. The fact is, it's just cheaper and easier to let a propeller spin and generate energy than it is to continuously pull stuff from the earth, truck it, process it, ship it, and incinerate it for energy. Internal combustion is just a tedious, messy, and wasteful (thermodynamically) process.

Again, this isn't really a political question. Wind and solar have simply advanced to a point where storing energy from the environment is cheaper than generating it from minerals.