Forum Discussion
Airdaile
May 01, 2019Explorer
aftermath wrote:
We are producing more oil than ever and yet our prices continue a slow growth upward. Who really benefits from the oil pipeline?
Gee, I dunno. All the workers eeking out a living building the thing?
Truckers getting paid a few cents a mile moving it from the oil field to the pipeline.
Have you been to Williston ND? They aren't looking the oil gift horse in the mouth.
Once you look outside your particularly weird part of the country, things look a lot different. There is no price for specifically American consumers. There is a price per barrel on the open market and the overhead of refining it into something we can use. $13 an hour minimum wage dictates that the cost of refining is higher here. That's a distinctly west coast idea.
Thanks a lot.
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