General Discussion

livingwagenow

(373 posts) Sat Mar 15, 2014, 01:08 PM Mar 2014

Guess the price of gasoline in 5 years if The Oil Exporter pipeline gets built..

my guess: $10 a gallon.

5 replies

= new reply since forum marked as read

Highlight:

Guess the price of gasoline in 5 years if The Oil Exporter pipeline gets built.. (Original Post) livingwagenow Mar 2014 OP

4.50 or so n2doc Mar 2014 #1

About the same as the UK now then. dipsydoodle Mar 2014 #2

You are just using republican analysis errors of energy, but backward cthulu2016 Mar 2014 #3

no measurable impact FreeJoe Mar 2014 #4

In 5 years the US will still be a net importer of crude oil. FarCenter Mar 2014 #5

n2doc

(47,953 posts)

1. 4.50 or so

Reply to livingwagenow (Original post)

Sat Mar 15, 2014, 01:13 PM

Mar 2014

Think frog in heating up pot of water rather than spike. They need to maximize profits by draining our wallets at a rate that doesn't cause too many people to go electric or alternative.

dipsydoodle

(42,239 posts)

2. About the same as the UK now then.

Reply to livingwagenow (Original post)

Sat Mar 15, 2014, 01:26 PM

Mar 2014

You get used to it.

cthulu2016

(10,960 posts)

3. You are just using republican analysis errors of energy, but backward

Reply to livingwagenow (Original post)

Sat Mar 15, 2014, 01:31 PM

Mar 2014

The reasons that it would not dramatically decrease the price of gas are the same reasons it wouldn't dramatically increase the price of gas.

Price determines how much gas is produced.

FreeJoe

(1,039 posts)

4. no measurable impact

Reply to livingwagenow (Original post)

Sat Mar 15, 2014, 01:46 PM

Mar 2014

Why would changing the transportation path of a relatively small amount of crude have a significant impact on US gasoline prices?

FarCenter

(19,429 posts)

5. In 5 years the US will still be a net importer of crude oil.

Reply to livingwagenow (Original post)

Sat Mar 15, 2014, 02:01 PM

Mar 2014

Current US consumption is around 18.7 million barrels per day.

http://www.eia.gov/forecasts/steo/report/us_oil.cfm

Current US production is around 8.4 million barrels per day.

http://www.eia.gov/forecasts/steo/tables/?tableNumber=3

Bringing Canadian oil to Gulf Coast refineries will displace a small fraction of imports.

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