Quote:
Originally Posted by vanisleflamesfan
Yeah but the gains to the nation are another point of debate. Some people might think that a significant raise in the price of a commoditiy which will affect the price that people pay for that commoditiy may not benefit the majority of the population. The oil companies will benefit from being able to sell their oil at a higher price, but the average Canadian who will inevitably be paying more at the pump may not quite see the benefit.
So far the opposition to this project has been largely framed in terms of the potential environmental impacts, but there are serious economic implications that have not really been looked at.
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Thats because environmental impacts are all they have to go on...I don't see how there can be any economic implications about going ahead with the Keystone project. it would not raise gasoline prices for Canadians at all, in fact it would help keep them in check by raising the supply of oil to refineries. Oil is a global commodity based on supply and demand, not so much regional. The bigger the supply in correlation to the demand, the cheaper the price, so I'm not sure how oil companies will be able to sell at a higher price because of this? If anything, prices should get slightly lower.
Make no mistake, oil companies here will still make their money but so will the governments...and that means more money for infrastructure, health care etc. for everyone. And I also think that the environment is important as well and everyone should be held accountable to helping to maintain and better it.
Gone are the days of cheap gasoline anyway as the demand for oil is so much higher than the supply, so if people really want to save at the pump, its time to get rid of the SUV and get a prius.
Wasn't that long ago I saw a guy making some ignorant comments to a gas attendant at a petro-canada station about the price of fuel (I think the price of gas was around $1.14 a litre at the time) while at the same time he was paying $2 for a 1L bottle of water from France and not thinking twice about it...