MarkBC wrote:I don't know what America is going to do without Canadian oil. Its trade deficit will soon end (the US oil trade deficit represents 13% of global oil production, and Americans consume 21% of global oil production, despite representing only 5% of the global population). The US imports about half the oil it consumes (although I believe Bakken production has provided a short term spike which might bring that to about 1/3, not quite sure what the up to date numbers are). There is no way America is even remotely close to getting off oil.
Thanks for weighing in, Mark.
I cannot disagree with your observations or numbers. We're very addicted and there's not much happening to break that addiction.
The only point where I cannot follow you is suggesting that any of this has anything to do with the KXL pipeline. The reason this is a non sequitur is because we know that products refined from the diluted bitumen the KXL may bring to the Gulf of Mexico are not going to be used in the US. We know this for a couple of reasons. First, because the destination refinery is 1/2 owned by Saudi Arabia. The refinery is located in a tax-free export zone. 60% of the fuel is already pre-sold to - CHINA.
How will we benefit from the project? We may have 35 permanent jobs once the pipelines are complete.
What's the down side? 1. Because TransCanada has proved that DilBit is not crude oil, they do not have to pay the oil tax that supports the spill response process. 2. The southern pipeline already has holes in the pipes - and it's not yet been pressurized. 3. The last DilBit pipeline brought on-line in the MidWest has leaked 13 times in the first 12 months it was in operation (and the dilbit cannot be cleaned from water). 4. TransCanada is using eminent domain and coercion to essentially steal private property. 5. Completion of the southern leg from Oklahoma to the Gulf (currently underway) will reduce an oil surplus in the midwest - and result in HIGHER fuel prices from Ohio to Missouri.
Then there's the whole carbon thing...http://priceofoil.org/wp-content/uploads/2012/01/KXL_undermine_energy_security_2page_Web.pdf
Here's a look at the KXL from a 'boots on the ground' perspective - ND and Texas land owners:http://live.huffingtonpost.com/r/segment/farmers-%26-ranchers/50c77b4d2b8c2a2ff1000274