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That pipeline has yet to be finished, so obviously not proceeding with the pipeline construction didn't cause a shortage when it was not yet flowing perform, or didn't you understand that.I though him shutting down the pipelines was common knowledge as a leading indicator? That's not the only reason. Crude in Nov 2020 as about $35 a barrel, as of right now, WTI Crude 60.41, Brent Crude 63.44, Mars US 60.95, so supply and demand. There are some tertiary effects as well, OPEC's production levels (which as of today may increase in production. Texas which had its freeze recently also has a few very large oil refinery's producing gasoline which as we all should know, were closed due to power outages.
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3 | OilPrice.com
If OPEC+ decides this week to put more oil back to the market, it could cool off the rally in crude prices and, consequently, the continued rise in U.S. gasoline pricesoilprice.com
Now, President Biden isn't just focusing on the pandemic. One of the first things he did after his inauguration yesterday was to cancel a permit to build the Keystone XL pipeline. That pipeline would have transported crude oil from Alberta to the Texas Gulf Coast. It would have entered the U.S. in Montana. From there, Yellowstone Public Radio's Kayla Desroches reports on the mixed reaction to the cancellation.
Biden's Cancellation Of Permit For Keystone XL Pipeline Faces Mixed Reactions
President Biden's plan to cancel the permit for the Keystone XL pipeline is welcome news to Native American governments and activists in Montana — but disappointing to many elected officials.
www.npr.org
GMTA. post #7.I realize that this will not even be looked at, but...
Here's why gas prices keep going up — and how high they're likely to rise
Prices are the highest since the pre-pandemic days, and they're still climbing.www.yahoo.com
The recent electrical grid shutdown, as well as the Macondo well disaster in the gulf, were due to capitalism seeking higher progits, so why do you implicitly trust capitalist companies?How do you know you can trust green companies? Don't both rely on profits within a capitalist structure?