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#1 The Donks are exhibiting political stupidity or suicidal tendencies. First, trying to shove birth control/sterilization/abortion on the Catholics. Obama said he would not force this issue on Catholics and issued an Executive Order stating such. He did this to get enough donk votes to pass Obamacare. Now he reverses himself. That sounds a lot like is a lie in just about anyone's book. Second, shutting down the pipeline and preventing oil independence.
Posted by JohnQC 2012-02-10 09:33||
#2 I thought Oil was a fungible commodity?
The real impact would seem to be the jobs, the increased risk to the environment over such a long haul and Chinese environmental standards as well as the conyism involved in the decision.
Posted by rjschwarz 2012-02-10 10:12||
#3 On the plus size if China gets really used to Canadian oil it would be easy to mess up their supply lines in the case of troubles.
Posted by rjschwarz 2012-02-10 10:14||
#4 I thought Oil was a fungible commodity?
That's true. Pipelines are not fungible.
Posted by Anguper Hupomosing9418 2012-02-10 13:28||
#5 Its not only the oil. Signatures were inked on a plephora of economic matters ---all designed to increase trade. Some granted are agreements to agree" such as a Canada- China free trade agreement. But that is big! Perhaps the Chinese will actually honor such an agreement unlike the US position of NAFTA -- meaning the US will follow it unless there is any reason to go protectionist, like say a self created "derivitive" ponzie scheme that puts the world economy on its head.
Canada is the USA's largest trade parter in the world, including the largest importer of USA goods and services. That said, no respect ever seems to be given -including the Neysay on the the pipeline deal that would have created far more jobs in the USA than in Canada. So the fungible product will be sold to consumers willing to buy it. - The perfect free market answer.
Posted by Northern Cousin 2012-02-10 19:30||