Biden most likely inadvertently saved some American jobs by
Posted on: June 9, 2021 at 20:04:38 CT
KC rules MU
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shutting down the pipeline. Prices may seem high now but that's a temporary response to curtailed production trying to keep up with post CV19 demand increase. Once drilling and production are in full swing, expect oil prices to drop. Having a ****load of Canadian oil hitting the market when the pipeline is complete would depress prices even further with predictable results in the petroleum industry.
I don't agree with shutting down Keystone (it was a silly move made for solely political reasons), but it will slow the flood of oil back into the market over the next few years.
Edited by KC rules at 20:05:38 on 06/09/21