I read some of the information at the first link. The way it reads to me, TransCanada’s nefarious plot is to find a broader market for it's oil. The result would be that they would have more buyers. More buyers, same amount of product = more pricing power. Excuse me. Is that not the way markets are supposed to work? Plus if it raises prices in the MidWestern states, is it not just as likely that it lowers them elsewhere. It's a global market. You pour more oil into it from anywhere, prices should tend to lower if the markets are free. Also, it's curious that the Republican Governor and Senator from Nebraska are opposed, but both heavily support ethanol. If this pipeline would actually increase the price of gasoline, they should be thrilled with the pipeline since it pumps up the farm lobby by enabling them to follow the increasing price of gasoline with ethanol just behind at its obligatory 10 cent discount of course. Speaking of ethanol and market manipulation...
posted on 11/14/2011 11:49:27 AM PST
( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
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