Doc Sandoz
Member
- Joined
- Jun 21, 2020
- Messages
- 821
That Keystone pipeline might bring down the cost of WTI by a few bucks a barrel, but it wouldn't put much of a dent in the global picture as Brent, the east hemisphere benchmark, would be little affected. Natural gas follows the same dynamic as oil as it is found and produced in the same way. The law of supply and demand sets the price.Oil and fuel would be much cheaper if they didn't close the keystone pipeline day 1 of the Xiden administration.
America has more oil and coal and natural gas then it can use.
I would agree on your point as to US coal, which govt regs no doubt have substantially affected. If the industry could be resurrected any time soon, there might be sufficient competition with oil and gas to bring down the price of a BTU in the US, but coal power plant CAPEX has been vastly reduced and it would take time to get enough production back on line to make much difference.
Nuclear, if you fear carbon, could be another answer, but it takes something like ten years to get one from the drawing board to online status and there is still the Three Mile / Chernobyl issue to consider as well as what to do with the radioactive waste, severely toxic to life for thousands of years.