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No Keystone XL means cheaper Canadian crude- here's proof!

GasBuddy Blog -- An article by a Londer Finance newspaper spells out what I've been trying to let our GasBuddy family know- that I believe rejection of the Keystone pipeline will allow Canadian oil prices to remain at huge discounts to other global crude oils.

Now the proof is here in the pudding according to the LSE:

"Canadian heavy crude differentials began to slide two days ago, falling from the low $20s a barrel under benchmark West Texas Intermediate to as much as $32 a barrel under WTI on Friday."

See? The above paragraph is showing that the price of Canadian crude oil is falling- even faster than changes in other types of higher quality crude oil!

The same story goes on to say "Traders of Canadian crude had...

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Submitted Feb 03, 2012 By: PD

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TempleAlumni Rookie Author Allentown Posts:12 Points:31,890 Joined:Dec 2011	Message Posted: Feb 6, 2012 4:28:08 AM Ignore TempleAlumni Report Abuse THIS PIPELINE NEEDS TO BE RE-ROUTED FROM TEXAS TO TEXAS...YES I SAID FROM TEXAS TO TEXAS OR AN OF OUR 50 STATES...WE ARE ONE OF THE BIGGEST EXPORTERS OF OIL, YET, WE HAVE "LITTLE TO NONE IN OUR RESERVES"? AS EVERYTHING ELSE IN THIS WORLD IT ALL COMES DOWN TO MAKING $$$-AND FORGET GAS FOR A SECOND-WE STILL HAVE PEOPLE IN OUR OWN COUNTRY WHO ARE STARVING...SAD, SAD...SAD!!!
rjhenn Champion Author Des Moines Posts:18,208 Points:1,871,420 Joined:Aug 2005	Message Posted: Feb 5, 2012 9:09:05 PM Ignore rjhenn Report Abuse tomok - "These are US natural resources that belong to the citizens of this country and are to be used by those same citizens!" How is Canadian crude "US natural resources"?
KAR120CSII Champion Author Oregon Posts:1,941 Points:326,190 Joined:Apr 2010	Message Posted: Feb 5, 2012 2:38:06 PM Ignore KAR120CSII Report Abuse Good article.
tomok Champion Author Portland Posts:26,023 Points:1,981,410 Joined:Aug 2006	Message Posted: Feb 5, 2012 3:18:18 AM Ignore tomok Report Abuse No Keystone XL means cheaper Canadian crude? Maybe, Maybe Not! If Big oil and refineries would NOT export fuel and natural gas to other countries for additional profit, the price of fuel at the pump would be much lower. These are US natural resources that belong to the citizens of this country and are to be used by those same citizens! Barry will support natural gas and oil production to pay for his ‘spending gone wild’ addiction. Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump. The price of fuel at the pump is too high! 12/22/2012!
N5EXY Champion Author Austin Posts:3,709 Points:1,148,995 Joined:Jul 2004	Message Posted: Feb 4, 2012 9:55:35 AM Ignore N5EXY Report Abuse 275 days until the election.
bigmoo63 All-Star Author Kalamazoo Posts:881 Points:56,300 Joined:Nov 2009	Message Posted: Feb 4, 2012 9:09:24 AM Ignore bigmoo63 Report Abuse Okay, both sides of the story. Probably not more than half truths in either. If its got anything to do with oil and the government, you can bet the best interests of the people are secondary. The corporations pulling the strings of the political puppets are getting the last word. And I dont thing anything will make the crude cheaper. Why should it be? They have a willing buyer across the globe. You scream about business. Here it is, and it goes against us. And then its wrong. Wake up people...just because we snap our fingers, people arent giving us our way anymore. Thats just a fact. This country has more enemies than allies. And we did it to ourselves.
rbrk02 Champion Author Rhode Island Posts:3,003 Points:453,130 Joined:Jan 2011	Message Posted: Feb 4, 2012 8:53:31 AM Ignore rbrk02 Report Abuse rx7racerca, your post from Feb 3, 2012 9:58:32 PM is absolutely spot on. Great comment. judgemobile, great comment also. Let's hope you are right! [Edited by: rbrk02 at 2/4/2012 8:54:37 AM EST]
jrschl Champion Author Louisville Posts:1,121 Points:317,585 Joined:Jun 2011	Message Posted: Feb 4, 2012 1:06:14 AM Ignore jrschl Report Abuse How about we switch to Natural Gas and forget about the oil trade. This talk and no action is getting old...quick.
kkimes All-Star Author Illinois Posts:844 Points:1,181,785 Joined:Sep 2005	Message Posted: Feb 4, 2012 12:52:14 AM Ignore kkimes Report Abuse Congratulations! Just keep saying NO until everyone understands it.
dpt Champion Author Michigan Posts:1,595 Points:1,892,110 Joined:Mar 2005	Message Posted: Feb 4, 2012 12:50:55 AM Ignore dpt Report Abuse Yeah. If somebody got a job for five years, they counted it as job-years and said it was five jobs.
rjhenn Champion Author Des Moines Posts:18,208 Points:1,871,420 Joined:Aug 2005	Message Posted: Feb 4, 2012 12:19:08 AM Ignore rjhenn Report Abuse judgemobile - "perhaps the 20,000 or more people who will now NOT get jobs because the pipeline is not being built--they (and their families and friends) will express their rage to O'Bummer at the polls in November." Except that most of those 20,000 jobs were never anything but hot air, intended to blow Congress into supporting higher gas prices for the US.
tedjm1 Champion Author New York Posts:4,060 Points:492,465 Joined:Dec 2006	Message Posted: Feb 4, 2012 12:15:14 AM Ignore tedjm1 Report Abuse Who are you supposed to believe? No one has been forward with their messages. They can 'lie' like champs and change results by skewing the data they have available.
jkpsr Champion Author New Jersey Posts:2,520 Points:757,065 Joined:Jun 2005	Message Posted: Feb 4, 2012 12:14:06 AM Ignore jkpsr Report Abuse Since it seems to only be in their interest, let them build one in their own country.
judgemobile Champion Author Ohio Posts:5,752 Points:2,083,280 Joined:Nov 2005	Message Posted: Feb 4, 2012 12:11:00 AM Ignore judgemobile Report Abuse perhaps the 20,000 or more people who will now NOT get jobs because the pipeline is not being built--they (and their families and friends) will express their rage to O'Bummer at the polls in November.
rawdog1313 Champion Author Lexington Posts:1,490 Points:1,279,485 Joined:May 2008	Message Posted: Feb 4, 2012 12:10:29 AM Ignore rawdog1313 Report Abuse The pipeline will not make prices lower here...Somebody has been watching and listening to way too much Faux News......
pse91 All-Star Author Calgary Posts:617 Points:280,640 Joined:May 2011	Message Posted: Feb 4, 2012 12:10:27 AM Ignore pse91 Report Abuse It seems like some one is on drugs. Cheap oil price in Canada. That has not translated at the pumps. The pumps in Canada seem to be all over the map.
Beboper Champion Author Virginia Posts:6,884 Points:1,799,690 Joined:Oct 2005	Message Posted: Feb 4, 2012 12:09:28 AM Ignore Beboper Report Abuse still taking but no action
Bigwaynef Champion Author South Carolina Posts:8,488 Points:1,717,605 Joined:Dec 2006	Message Posted: Feb 4, 2012 12:09:20 AM Ignore Bigwaynef Report Abuse Has some interests under the hat...
LostToo Champion Author Illinois Posts:3,612 Points:817,550 Joined:May 2009	Message Posted: Feb 4, 2012 12:08:59 AM Ignore LostToo Report Abuse WHAT!?!?!?! HAS PUDDING GOT TO DO WITH IT???????? mmmmmmmmmm home made chocolate pudding, yummmmmy. Banana pudding is great too.... with the vanilla wafers mmmmmmmmmmmm.
whatif81 Rookie Author San Antonio Posts:26 Points:28,725 Joined:Jan 2012	Message Posted: Feb 4, 2012 12:08:38 AM Ignore whatif81 Report Abuse I doubt if the pipeline goes through that it will bring gas prices down. Oil companies use just about any excuse to bring up gas prices. Like Iran's threat.
umitb Champion Author Indianapolis Posts:1,853 Points:491,160 Joined:Apr 2010	Message Posted: Feb 4, 2012 12:07:52 AM Ignore umitb Report Abuse ok
jrsva Champion Author Virginia Posts:7,765 Points:1,249,225 Joined:Jan 2006	Message Posted: Feb 4, 2012 12:06:58 AM Ignore jrsva Report Abuse “Nice article but since I don't live in Canada I'd prefer we do the pipeline so we can have lower prices here.” Hey Beaver, it would be good if you had actually read the article before commenting. The main point made is that building the pipeline would result in higher prices in the US.
Ahking Champion Author Orange County Posts:1,991 Points:326,175 Joined:May 2011	Message Posted: Feb 4, 2012 12:05:17 AM Ignore Ahking Report Abuse thanks for the info.
tampacrvdriver Champion Author Tampa Posts:1,711 Points:358,350 Joined:May 2011	Message Posted: Feb 4, 2012 12:01:49 AM Ignore tampacrvdriver Report Abuse I'm skeptical.
runningmp Champion Author Corpus Christi Posts:20,394 Points:2,384,530 Joined:Sep 2005	Message Posted: Feb 4, 2012 12:01:11 AM Ignore runningmp Report Abuse us4usa, your price only went up 10 cents....ours went up 15 cents and we have four refineries in our city.
DrCashFlow Champion Author Massachusetts Posts:5,276 Points:1,270,200 Joined:Jun 2008	Message Posted: Feb 3, 2012 11:59:46 PM Ignore DrCashFlow Report Abuse Maybe
Road-Runner Champion Author Denver Posts:6,400 Points:1,773,265 Joined:May 2004	Message Posted: Feb 3, 2012 11:57:56 PM Ignore Road-Runner Report Abuse No surprise. The real question is: Will it translate into cheaper prices at the pump for Canadian and U.S. consumers???
DustyHorse Champion Author Virginia Posts:4,485 Points:1,071,470 Joined:Oct 2008	Message Posted: Feb 3, 2012 11:56:26 PM Ignore DustyHorse Report Abuse Seems hard to believe.
vibdata Champion Author Massachusetts Posts:2,968 Points:626,685 Joined:Nov 2005	Message Posted: Feb 3, 2012 11:55:16 PM Ignore vibdata Report Abuse Fine. Keep the prices low. Keep the oil at home. The US would be well advised to do that as well.
Beaveronparade All-Star Author Hartford Posts:965 Points:292,420 Joined:Mar 2011	Message Posted: Feb 3, 2012 11:50:42 PM Ignore Beaveronparade Report Abuse Nice article but since I don't live in Canada I'd prefer we do the pipeline so we can have lower prices here. : )
SparkieMi Champion Author Kalamazoo Posts:1,449 Points:235,405 Joined:Sep 2011	Message Posted: Feb 3, 2012 11:49:23 PM Ignore SparkieMi Report Abuse Very good post Bonnie24TX, especially starting with the third sentence..
bif65 All-Star Author Virginia Posts:773 Points:136,250 Joined:Jan 2011	Message Posted: Feb 3, 2012 11:49:16 PM Ignore bif65 Report Abuse ok
mstearno Champion Author Dayton Posts:6,356 Points:1,386,485 Joined:Jan 2008	Message Posted: Feb 3, 2012 11:46:28 PM Ignore mstearno Report Abuse no it does not lower our prices
dennis58 Veteran Author Mississippi Posts:497 Points:235,605 Joined:May 2011	Message Posted: Feb 3, 2012 11:39:48 PM Ignore dennis58 Report Abuse does it lower our gas prices?
Martinman Champion Author Mississippi Posts:12,502 Points:1,737,020 Joined:Sep 2005	Message Posted: Feb 3, 2012 11:37:49 PM Ignore Martinman Report Abuse "... don't higher oil prices hurt the economy and lead to job losses? Chew on that one." . Which was the exact same conclusion that Cornell University reached in it's study on the Keystone XL pipeline. The study's authors even went on to state, that the 10- to 20- cent per gallon increase motorists would see in the central U.S., would in one-year, offset all of the job-gains for the entire project. As I have stated here in the past, Harper is trying to play the U.S. for Patsies.
ratones1 Champion Author Los Angeles Posts:1,594 Points:391,730 Joined:Mar 2011	Message Posted: Feb 3, 2012 11:36:11 PM Ignore ratones1 Report Abuse greed...
a14morfun Champion Author Ontario Posts:9,711 Points:1,726,135 Joined:Jul 2005	Message Posted: Feb 3, 2012 11:35:24 PM Ignore a14morfun Report Abuse Methinx that with a little more aggressive marketing and arranging the proper shipping via Kitimat or anywhere else on Canada's west coast, we Canadians shouldn't have to "give away" our oil at deep discount prices. As it is, most Canadians pay at least a dollar more per gallon at the pumps than our neighbours to the south. I'm all for helping out a neighbour. Don't get me wrong. But until you 'Murikens start paying real world prices, you're never going to learn the real meaning of the word "conserve."
txkrb All-Star Author Texas Posts:855 Points:312,755 Joined:May 2011	Message Posted: Feb 3, 2012 11:31:37 PM Ignore txkrb Report Abuse To nurdco - refineries in the area will have the same effect as building the pipeline, market for the oil If you can't get the oil to market what good does a low price do Increase supply and the price drops, without the pipeline the supply cannot get to refiners, therefore supply does not exist to the markets
tidalwave3 All-Star Author Tallahassee Posts:576 Points:1,132,740 Joined:Jun 2008	Message Posted: Feb 3, 2012 11:30:54 PM Ignore tidalwave3 Report Abuse yEA IT'S bUSH'S FAULT
lightninjack Sophomore Author Ohio Posts:173 Points:13,570 Joined:Dec 2011	Message Posted: Feb 3, 2012 11:28:16 PM Ignore lightninjack Report Abuse It's bush's fault..not sure how but it is.
nurdco Champion Author Colorado Springs Posts:7,216 Points:1,330,310 Joined:Apr 2008	Message Posted: Feb 3, 2012 11:26:10 PM Ignore nurdco Report Abuse Ya NEED a Midwest nothern refinery NOT a pipeline to TX..
jamieg2012 Veteran Author Sioux Falls Posts:286 Points:11,385 Joined:Jan 2012	Message Posted: Feb 3, 2012 11:19:31 PM Ignore jamieg2012 Report Abuse people want away from middle east oil but block getting oil from places much closer PICK ONE PEOPLE either accept giving money to the middle east where the terrorist camps is or stop blocking ways to get oil from other places much friendlier to us
Holly123 Champion Author Charlotte Posts:1,596 Points:438,455 Joined:Dec 2010	Message Posted: Feb 3, 2012 11:15:41 PM Ignore Holly123 Report Abuse GREED!
hcivic Champion Author Virginia Posts:2,094 Points:1,914,480 Joined:Aug 2005	Message Posted: Feb 3, 2012 11:14:19 PM Ignore hcivic Report Abuse we will have to wait and se
Bonnie24TX Rookie Author El Paso Posts:36 Points:4,665 Joined:Jan 2012	Message Posted: Feb 3, 2012 11:06:38 PM Ignore Bonnie24TX Report Abuse Why isn't there a new pipeline to the U.S.? Who's stopping it? God knows we need help. We are most always there for everyone else, where are America's friends when we are in trouble? I'm not too proud to ask for something that will benefit our country, but not to the extent that it will cause higher taxes to pay them off. If all the countries paid us back for all they owe us, perhaps we could get out of debt and help others more and ourselves.
clermont40miles Champion Author Cincinnati Posts:8,175 Points:1,410,675 Joined:Apr 2008	Message Posted: Feb 3, 2012 11:06:31 PM Ignore clermont40miles Report Abuse We shall see.
us4usa Champion Author Missouri Posts:4,423 Points:780,135 Joined:May 2008	Message Posted: Feb 3, 2012 11:06:00 PM Ignore us4usa Report Abuse Oil prices down $4, gas prices up 10 cents this week, GREED one of the seven sins???
Dodger007 Champion Author Illinois Posts:9,992 Points:2,081,410 Joined:Aug 2005	Message Posted: Feb 3, 2012 10:53:58 PM Ignore Dodger007 Report Abuse Wait till the start selling to China and see how high the price will go. It is dropping now because they have no way to transport it so it can be sold.
camel1 Champion Author Minnesota Posts:6,527 Points:1,915,690 Joined:Jul 2006	Message Posted: Feb 3, 2012 10:52:25 PM Ignore camel1 Report Abuse Wow what a difference
kelly1016 Champion Author Victoria Posts:1,096 Points:191,095 Joined:Oct 2011	Message Posted: Feb 3, 2012 10:51:20 PM Ignore kelly1016 Report Abuse It will be shipped via Kitimat. Harper has all but said it will be approved .