For All Biden Supporters...

@BeachGirl47 🤦‍♂️ Even the idiot of Crawford, Texas was smart enough to understand the POTUS doesn't control gas prices. And pipelines are a stupid idea stuck 100 years in the past. And I live in Canada which would have profited the most off of that pipeline and even I understand that.

@BeachGirl47 [media=https://youtu.be/0EVeWllgt_I]

@PicturesOfABetterTomorrow then please explane why Trumps open the pipeline and gas drops but Biden closes it and gas prices rise.

@BeachGirl47 I love higher gas prices makes my car go vooom!! And it smells better than the propaganda you’re spreading

@BeachGirl47 Wouldn't take much critical thinking to know that doesn't make sense.

@trollslayer then im not as smart as i thought i was

@BeachGirl47 First off one pipeline was never going to be enough to significantly impact a global market.

Second of all correlation is not causation. Just because some random thing happens in the economy doesn't mean one politician with no direct influence on it magically became the cause.

@BeachGirl47 the keystone pipleline already exists and brings crude oil from Canada to US refineries near the Gulf of Mexico. The part that was halted under Obama, brought back under Trump, and halted again under Biden was more of a "shortcut" in the pipeline that would have increased capacity. It was never built or operational under Trump, so that additional capacity was never on the market. If it were completed, the additional capacity would have negligible effects on the total global oil supply and do little or nothing to the price of oil. Any affect the approval/disapproval of the pipeline on oil prices was purely political. Certainly, oil companies would have motivation to control prices in order to motivate things politically in their favor. Not saying they did that, but if Keystone affected oil prices that would be the reason.

@trollslayer The market is a forward looking animal. The anticipation of future increased supply drives down current prices.

@trollslayer The price impact is not purely political because part of the cost of refined petroleum products includes transportation costs. Pipelines are much less expensive than truck and rail.

@HoraceGreenley So how would the transportation cost become lower on a pipeline that was not even built yet?

@HoraceGreenley yeah - forward looking a few months, maybe, Not the decades it would have been before the pipeline would have reduced transport costs. In the meantime, it costs money to build the pipeline. We arent talking about putting new oil reserves on the market, so it would not increase global supply.

@BeachGirl47

They're fully aware of it. They're doing it on purpose as a silent retaliatory measure to create pain at other's expense for things the right has done that they don't approve of. This is in order to appease their dreamy, utopian left. When someone gets into office and reopens keystone, they need to pass a bill that prevents any attempt at closure.

@trollslayer Having a pipeline lowers transportation costs.

@trollslayer The stock market looks ahead 18 months, not just a few months.

Pipeline costs are taken into consideration.

Refined product supply increases with a pipeline because it takes less time to market for the end product. This impacts global supply. The world has known reserves. The trick is how much time and cost is required to bring that supply to market.

@BeachGirl47 [quote]When trump opened the keystone pipeline gas prices dropped. They were higher before Trump was president. Couldnt any biden supporters see high gas prices coking[/quote]

You believe that Donald Trump was president in 2010?

Because that's when the first phase of Keystone opened and "black gold" started gushing thru the pipes to Steele City, Nebraska, and then onto Illinois.

I always thought some guy name Obama was president in 2010. Then again, I could be wrong because I didn't study American history at Trump University.

@beckyromero She's referring to the Trump administration's decision to extend the Keystone pipeline.

@beckyromero 👍👍😂😂

@HoraceGreenley [quote]She's referring to the Trump administration's decision to extend the Keystone pipeline.
[/quote]

But that's [b][big]NOT[/big][/b] what she said.

She said, "When trump opened the keystone pipeline..."

[b][big]"opened."[/big][/b]

Furthermore, as for "opening" the pipeline would cause gas prices to drop, they actually did [b][big]NOT[/big][/b] drop when the pipeline [i]was[/i] opened in 2010.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

(not adjusted for inflation)

@beckyromero Relax. She was using a short yand way to describe the situation.