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The Water Cooler
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Oil Subsidies
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<blockquote data-quote="RidgeHunter" data-source="post: 1609410" data-attributes="member: 4319"><p>Keystone XL is a huge issue now, and the environmental concerns, protests, arrests, money and politics are getting way more coverage than the price difference in gas and oil, for obvious reasons. Looks like Clinton and Obama are gonna give it a go. Lots of people furious, lots of people elated. </p><p></p><p>If they do get more out of Cushing, unless I'm missing something, I see it helping to close the gap between gas and oil prices but it's not going to have much of an affect on the prices themselves. WTI will meet Brent in the middle if they can move all of it they wanna move. Same beef I have with the "drill baby drill" crowd. Oil is a global commodity and we really can't affect the price of it that much. Oil prices aren't set locally, unless they are held captive, like the Cushing deal. That's how I understand it to be anyways.</p><p></p><p>Cheap oil and gas are gone forever. And it reality, and for the long term good, that's probably a really good thing.</p></blockquote><p></p>
[QUOTE="RidgeHunter, post: 1609410, member: 4319"] Keystone XL is a huge issue now, and the environmental concerns, protests, arrests, money and politics are getting way more coverage than the price difference in gas and oil, for obvious reasons. Looks like Clinton and Obama are gonna give it a go. Lots of people furious, lots of people elated. If they do get more out of Cushing, unless I'm missing something, I see it helping to close the gap between gas and oil prices but it's not going to have much of an affect on the prices themselves. WTI will meet Brent in the middle if they can move all of it they wanna move. Same beef I have with the "drill baby drill" crowd. Oil is a global commodity and we really can't affect the price of it that much. Oil prices aren't set locally, unless they are held captive, like the Cushing deal. That's how I understand it to be anyways. Cheap oil and gas are gone forever. And it reality, and for the long term good, that's probably a really good thing. [/QUOTE]
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